Commonwealth Equity Services LLC increased its holdings in shares of Equinix, Inc. (REIT) (NASDAQ:EQIX) by 5.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,218 shares of the financial services provider’s stock after purchasing an additional 174 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Equinix were worth $2,446,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Financial Designs Inc. ADV bought a new position in shares of Equinix during the 3rd quarter worth approximately $26,000. CVA Family Office LLC bought a new position in shares of Equinix during the 3rd quarter worth approximately $28,000. Balentine LLC bought a new position in shares of Equinix during the 2nd quarter worth approximately $43,000. Nachman Norwood & Parrott Inc bought a new position in shares of Equinix during the 3rd quarter worth approximately $46,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Equinix by 24.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 67 shares of the financial services provider’s stock valued at $47,000 after buying an additional 13 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.
In related news, insider Michael Earl Campbell sold 1,133 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $796.75, for a total value of $902,717.75. Also, Director Christopher B. Paisley sold 200 shares of the firm’s stock in a transaction on Monday, November 16th. The stock was sold at an average price of $762.57, for a total value of $152,514.00. The disclosure for this sale can be found here. Insiders sold 15,555 shares of company stock worth $12,223,358 in the last 90 days. 0.51% of the stock is owned by company insiders.
EQIX opened at $728.12 on Friday. Equinix, Inc. has a fifty-two week low of $477.87 and a fifty-two week high of $839.77. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.55 and a current ratio of 1.07. The company has a market capitalization of $64.88 billion, a P/E ratio of 142.77, a P/E/G ratio of 2.62 and a beta of 0.39. The stock has a fifty day moving average of $779.63 and a 200-day moving average of $739.91.
Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, October 28th. The financial services provider reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.45 by ($4.71). Equinix had a return on equity of 4.62% and a net margin of 7.58%. On average, equities research analysts predict that Equinix, Inc. will post 21.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Wednesday, November 18th will be given a $2.66 dividend. This represents a $10.64 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, November 17th. Equinix’s payout ratio is currently 46.65%.
Several equities research analysts have recently commented on EQIX shares. JPMorgan Chase & Co. increased their price objective on Equinix from $725.00 to $861.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Credit Suisse Group increased their price objective on Equinix from $782.00 to $818.00 and gave the company an “outperform” rating in a report on Thursday, October 29th. Oppenheimer increased their price objective on Equinix from $730.00 to $820.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Royal Bank of Canada cut their price objective on Equinix from $845.00 to $825.00 and set an “outperform” rating for the company in a report on Tuesday, November 3rd. Finally, BMO Capital Markets increased their price objective on Equinix from $825.00 to $830.00 and gave the company an “outperform” rating in a report on Thursday, October 29th. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $804.68.
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.
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