Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. decreased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,987 shares of the financial services provider’s stock after selling 53 shares during the period. Weatherly Asset Management L. P.’s holdings in Equinix were worth $4,427,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EQIX. Norden Group LLC acquired a new position in Equinix during the 1st quarter valued at about $3,087,000. Private Advisor Group LLC grew its stake in shares of Equinix by 5.6% in the 1st quarter. Private Advisor Group LLC now owns 931 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 49 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Equinix by 15.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,530 shares of the financial services provider’s stock worth $29,324,000 after purchasing an additional 4,664 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Equinix by 4.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,816 shares of the financial services provider’s stock worth $8,102,000 after purchasing an additional 414 shares during the last quarter. Finally, PDS Planning Inc grew its stake in shares of Equinix by 3.8% in the 1st quarter. PDS Planning Inc now owns 521 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. TD Cowen upped their price target on shares of Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research report on Thursday. Hsbc Global Res upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Cfra reissued a “hold” rating on shares of Equinix in a research note on Tuesday, September 24th. Finally, BMO Capital Markets raised their target price on Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average target price of $944.63.

Equinix Stock Down 2.2 %

Shares of EQIX stock opened at $888.30 on Friday. The stock’s 50 day simple moving average is $869.56 and its 200 day simple moving average is $805.80. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.22 and a current ratio of 1.22. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $943.02. The company has a market capitalization of $84.34 billion, a price-to-earnings ratio of 80.10, a PEG ratio of 2.19 and a beta of 0.71.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data 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 net margin of 12.29% and a return on equity of 8.55%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business posted $8.04 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, research analysts predict that Equinix, Inc. will post 31.01 EPS for the current year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be issued a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is currently 153.65%.

Insider Buying and Selling at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 863 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $915.00, for a total value of $789,645.00. Following the sale, the insider now owns 8,231 shares of the company’s stock, valued at $7,531,365. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Michael Earl Campbell sold 600 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $816.73, for a total transaction of $490,038.00. Following the sale, the insider now directly owns 14,800 shares in the company, valued at approximately $12,087,604. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brandi Galvin Morandi sold 863 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $915.00, for a total value of $789,645.00. Following the sale, the insider now owns 8,231 shares in the company, valued at approximately $7,531,365. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,906 shares of company stock valued at $9,071,764 in the last 90 days. 0.27% of the stock is currently owned by insiders.

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.