Equinix, Inc. $EQIX Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 19.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 7,808 shares of the financial services provider’s stock after buying an additional 1,261 shares during the quarter. Kestra Advisory Services LLC’s holdings in Equinix were worth $7,898,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EQIX. Fulton Bank N.A. raised its holdings in Equinix by 3.1% during the 2nd quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 10 shares during the last quarter. High Net Worth Advisory Group LLC lifted its position in Equinix by 5.3% during the 2nd quarter. High Net Worth Advisory Group LLC now owns 219 shares of the financial services provider’s stock valued at $229,000 after purchasing an additional 11 shares during the period. Angeles Wealth Management LLC lifted its position in Equinix by 3.7% during the 2nd quarter. Angeles Wealth Management LLC now owns 310 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 11 shares during the period. Cornerstone Planning Group LLC boosted its stake in shares of Equinix by 30.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 12 shares during the last quarter. Finally, Front Row Advisors LLC boosted its stake in shares of Equinix by 0.4% in the 1st quarter. Front Row Advisors LLC now owns 3,317 shares of the financial services provider’s stock valued at $3,251,000 after purchasing an additional 12 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Trading Down 0.4%

NASDAQ:EQIX opened at $1,050.00 on Wednesday. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68. The business’s 50-day moving average price is $1,016.98 and its two-hundred day moving average price is $1,015.90. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $103.60 billion, a price-to-earnings ratio of 63.06, a PEG ratio of 1.48 and a beta of 0.98.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, October 28th. The financial services provider reported $4.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $0.82. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Equinix had a return on equity of 11.49% and a net margin of 16.38%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $9.83 EPS. On average, equities analysts expect that Equinix, Inc. will post 39.01 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Wednesday, November 18th will be paid a dividend of $5.16 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $20.64 annualized dividend and a yield of 2.0%. Equinix’s dividend payout ratio (DPR) is presently 123.96%.

Insider Buying and Selling

In related news, Director Christopher Paisley sold 125 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the completion of the transaction, the director owned 13,734 shares in the company, valued at approximately $15,156,567.72. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the completion of the sale, the insider directly owned 2,450 shares of the company’s stock, valued at $2,535,774.50. The trade was a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 968 shares of company stock valued at $1,007,885 in the last 90 days. 0.27% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on EQIX shares. BNP Paribas Exane lowered their price target on shares of Equinix from $1,222.00 to $1,219.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Scotiabank restated a “sector perform” rating and issued a $1,208.00 price objective on shares of Equinix in a report on Thursday, July 30th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,250.00 price objective on shares of Equinix in a research note on Monday, November 2nd. TD Cowen lifted their target price on shares of Equinix from $1,166.00 to $1,210.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Finally, UBS Group lifted their target price on shares of Equinix from $1,210.00 to $1,265.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,234.13.

Equinix Company Profile

Equinix, Inc. is a global digital infrastructure company that operates data centers where businesses can house their computing and networking equipment. Its colocation services support organizations seeking secure, reliable facilities for their IT systems. The company also provides interconnection services that enable customers to connect with cloud providers, networks, business partners and one another. Its Equinix Fabric platform offers software-defined connectivity, while its xScale facilities are designed to serve large-scale cloud and technology companies.