Banco Santander S.A. Boosts Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Banco Santander S.A. raised its position in Equinix, Inc. (NASDAQ:EQIX) by 1,739.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,861 shares of the financial services provider’s stock after buying an additional 12,162 shares during the quarter. Banco Santander S.A.’s holdings in Equinix were worth $9,731,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its position in shares of Equinix by 16.2% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 696 shares of the financial services provider’s stock valued at $527,000 after purchasing an additional 97 shares during the period. Financial Advocates Investment Management lifted its position in shares of Equinix by 16.7% during the second quarter. Financial Advocates Investment Management now owns 642 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 92 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of Equinix by 28.4% in the second quarter. HB Wealth Management LLC now owns 1,382 shares of the financial services provider’s stock worth $1,046,000 after acquiring an additional 306 shares during the period. Kintegral Advisory LLC grew its position in shares of Equinix by 6.6% in the second quarter. Kintegral Advisory LLC now owns 4,557 shares of the financial services provider’s stock valued at $3,448,000 after purchasing an additional 282 shares in the last quarter. Finally, Worth Financial Advisory Group LLC bought a new stake in shares of Equinix during the 2nd quarter valued at $516,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

NASDAQ:EQIX traded up $5.04 during mid-day trading on Thursday, reaching $818.74. The stock had a trading volume of 310,380 shares, compared to its average volume of 552,278. The stock has a market capitalization of $77.70 billion, a P/E ratio of 82.12, a P/E/G ratio of 2.80 and a beta of 0.68. The firm has a 50 day moving average price of $790.49 and a two-hundred day moving average price of $795.25. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.10 and a current ratio of 1.10. Equinix, Inc. has a one year low of $677.80 and a one year high of $914.93.

Equinix (NASDAQ:EQIX) last announced 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 return on equity of 7.73% and a net margin of 11.32%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the firm posted $8.04 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts expect that Equinix, Inc. will post 31.23 earnings per share for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 21st will be paid a dividend of $4.26 per share. The ex-dividend date is Wednesday, August 21st. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.08%. Equinix’s dividend payout ratio (DPR) is currently 170.91%.

Analysts Set New Price Targets

A number of research firms have weighed in on EQIX. Mizuho assumed coverage on Equinix in a report on Thursday, July 11th. They set an “outperform” rating and a $873.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of Equinix in a report on Monday, July 1st. They set a “buy” rating and a $870.00 target price on the stock. TD Cowen raised their price target on shares of Equinix from $859.00 to $865.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Wells Fargo & Company upgraded shares of Equinix from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $825.00 to $875.00 in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada lowered their price objective on Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 28th. Six equities research 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $876.71.

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.