Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Abbrea Capital LLC

Abbrea Capital LLC boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 5.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 270 shares of the financial services provider’s stock after purchasing an additional 14 shares during the period. Abbrea Capital LLC’s holdings in Equinix were worth $204,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cypress Capital Group lifted its position in Equinix by 2.3% in the second quarter. Cypress Capital Group now owns 575 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 13 shares during the period. MRA Advisory Group lifted its position in Equinix by 3.2% in the second quarter. MRA Advisory Group now owns 419 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 13 shares during the period. Lindbrook Capital LLC lifted its position in Equinix by 3.0% in the first quarter. Lindbrook Capital LLC now owns 487 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 14 shares during the period. Banco Santander S.A. lifted its position in Equinix by 2.0% in the first quarter. Banco Santander S.A. now owns 699 shares of the financial services provider’s stock worth $577,000 after purchasing an additional 14 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Equinix by 0.5% in the first quarter. Assenagon Asset Management S.A. now owns 3,205 shares of the financial services provider’s stock worth $2,645,000 after purchasing an additional 15 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Trading Up 0.3 %

NASDAQ EQIX opened at $871.54 on Friday. Equinix, Inc. has a 1-year low of $677.80 and a 1-year high of $914.93. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $82.74 billion, a PE ratio of 87.42, a price-to-earnings-growth ratio of 2.11 and a beta of 0.71. The firm’s fifty day simple moving average is $811.47 and its 200-day simple moving average is $794.10.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share for the quarter, missing analysts’ consensus estimates of $7.88 by ($4.72). Equinix had a return on equity of 8.46% and a net margin of 12.24%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the company posted $8.04 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Equinix, Inc. will post 31.01 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 21st will be paid a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, August 21st. Equinix’s dividend payout ratio (DPR) is presently 170.91%.

Insider Transactions at Equinix

In related news, insider Brandi Galvin Morandi sold 864 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total value of $734,400.00. Following the completion of the sale, the insider now directly owns 9,094 shares in the company, valued at $7,729,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Brandi Galvin Morandi sold 864 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total value of $734,400.00. Following the completion of the sale, the insider now directly owns 9,094 shares in the company, valued at $7,729,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Charles J. Meyers sold 6,234 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the completion of the sale, the chairman now owns 7,680 shares of the company’s stock, valued at $6,328,089.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,043 shares of company stock valued at $8,282,119. 0.27% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on EQIX. Truist Financial upped their target price on Equinix from $915.00 to $935.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. TD Cowen upped their price target on Equinix from $859.00 to $865.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft upped their price target on Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. The Goldman Sachs Group initiated coverage on Equinix in a report on Monday, July 1st. They issued a “buy” rating and a $870.00 price target on the stock. Finally, Mizuho upped their price target on Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $883.71.

Equinix 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.