Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Dunhill Financial LLC

Dunhill Financial LLC raised its position in Equinix, Inc. (NASDAQ:EQIX) by 43.8% in the 4th quarter, Holdings Channel reports. The fund owned 69 shares of the financial services provider’s stock after purchasing an additional 21 shares during the period. Dunhill Financial LLC’s holdings in Equinix were worth $65,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EQIX. Kestra Investment Management LLC acquired a new stake in Equinix during the 4th quarter valued at $31,000. J.Safra Asset Management Corp purchased a new position in Equinix in the 4th quarter valued at about $39,000. Sierra Ocean LLC acquired a new stake in shares of Equinix during the fourth quarter valued at about $42,000. Thompson Investment Management Inc. purchased a new stake in shares of Equinix during the fourth quarter worth about $47,000. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Equinix in the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EQIX. Scotiabank lowered their price objective on Equinix from $1,040.00 to $1,030.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 22nd. Citigroup raised their price target on shares of Equinix from $970.00 to $990.00 and gave the stock a “buy” rating in a research report on Monday. New Street Research raised shares of Equinix to a “strong-buy” rating in a report on Monday, April 28th. Cowen reiterated a “buy” rating on shares of Equinix in a research note on Thursday, May 1st. Finally, BNP Paribas raised shares of Equinix to a “strong-buy” rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and six have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $1,005.11.

Insider Activity

In related news, insider Kurt Pletcher sold 215 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total transaction of $199,891.95. Following the completion of the transaction, the insider now owns 1,245 shares of the company’s stock, valued at $1,157,513.85. This trade represents a 14.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brandi Galvin Morandi sold 684 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $940.51, for a total transaction of $643,308.84. Following the completion of the sale, the insider now owns 8,377 shares in the company, valued at approximately $7,878,652.27. This trade represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,040 shares of company stock worth $6,547,068 over the last three months. Corporate insiders own 0.27% of the company’s stock.

Equinix Trading Down 0.3 %

Shares of NASDAQ EQIX opened at $872.35 on Thursday. The company has a market cap of $85.33 billion, a price-to-earnings ratio of 102.03, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The stock’s 50 day simple moving average is $826.93 and its 200 day simple moving average is $894.32. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share for the quarter, topping analysts’ consensus estimates of $9.01 by $0.66. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $8.86 EPS. Equities research analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be paid a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Wednesday, May 21st. Equinix’s dividend payout ratio is currently 195.01%.

Equinix Company Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.