Middleton & Co Inc MA Reduces Holdings in Equinix Inc (NASDAQ:EQIX)

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Middleton & Co Inc MA trimmed its position in shares of Equinix Inc (NASDAQ:EQIX) by 1.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,730 shares of the financial services provider’s stock after selling 224 shares during the quarter. Middleton & Co Inc MA’s holdings in Equinix were worth $7,343,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Carroll Financial Associates Inc. lifted its stake in Equinix by 63.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 54 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 21 shares in the last quarter. Berman Capital Advisors LLC increased its holdings in shares of Equinix by 44.9% in the 2nd quarter. Berman Capital Advisors LLC now owns 71 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 22 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in shares of Equinix by 25.3% in the 1st quarter. Rehmann Capital Advisory Group now owns 114 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 23 shares during the last quarter. HNP Capital LLC increased its holdings in shares of Equinix by 0.5% in the 2nd quarter. HNP Capital LLC now owns 5,281 shares of the financial services provider’s stock valued at $2,663,000 after acquiring an additional 24 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Equinix by 12.3% in the 3rd quarter. Signaturefd LLC now owns 255 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.

EQIX has been the topic of a number of recent analyst reports. BidaskClub upgraded Equinix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 25th. Wells Fargo & Co raised their price target on Equinix from $500.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Oppenheimer raised their price target on Equinix from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Nomura raised their price target on Equinix from $575.00 to $625.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Mitsubishi UFJ Financial Group started coverage on Equinix in a research note on Tuesday, September 10th. They set an “overweight” rating and a $605.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $539.15.

In related news, CAO Simon Miller sold 385 shares of Equinix stock in a transaction on Monday, August 5th. The stock was sold at an average price of $516.27, for a total transaction of $198,763.95. Following the completion of the transaction, the chief accounting officer now directly owns 689 shares of the company’s stock, valued at $355,710.03. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Brandi Galvin Morandi sold 2,960 shares of Equinix stock in a transaction on Monday, August 5th. The stock was sold at an average price of $516.44, for a total value of $1,528,662.40. Following the transaction, the insider now directly owns 19,253 shares of the company’s stock, valued at $9,943,019.32. The disclosure for this sale can be found here. Insiders sold a total of 12,409 shares of company stock valued at $6,727,033 over the last three months. Insiders own 0.49% of the company’s stock.

Shares of EQIX stock traded down $1.69 during midday trading on Monday, hitting $574.72. The company had a trading volume of 95,327 shares, compared to its average volume of 370,260. The company’s 50 day simple moving average is $563.58 and its 200 day simple moving average is $514.57. Equinix Inc has a 52-week low of $335.29 and a 52-week high of $609.97. The stock has a market cap of $46.24 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.90 and a beta of 0.69. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.59 and a quick ratio of 1.59.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.69 earnings per share for the quarter, missing the consensus estimate of $5.14 by ($3.45). The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Equinix had a net margin of 9.29% and a return on equity of 6.29%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.63 earnings per share. Analysts anticipate that Equinix Inc will post 20.7 EPS for the current year.

Equinix Company Profile

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

Read More: Stock Symbols and CUSIP Explained

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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