Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Swedbank AB

Swedbank AB trimmed its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 321,660 shares of the financial services provider’s stock after selling 14,948 shares during the quarter. Swedbank AB’s holdings in Equinix were worth $285,515,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Syon Capital LLC boosted its position in shares of Equinix by 9.1% in the 4th quarter. Syon Capital LLC now owns 517 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 43 shares during the period. Fisher Asset Management LLC acquired a new position in Equinix in the 4th quarter worth approximately $381,000. ICA Group Wealth Management LLC purchased a new position in Equinix during the 4th quarter worth approximately $81,000. HighPoint Advisor Group LLC purchased a new stake in shares of Equinix in the fourth quarter valued at $471,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Equinix during the fourth quarter valued at $13,428,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 864 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 owns 9,094 shares in the company, valued at approximately $7,729,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Brandi Galvin Morandi sold 864 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total transaction of $734,400.00. Following the completion of the transaction, the insider now directly owns 9,094 shares of the company’s stock, valued at approximately $7,729,900. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Meredith Williamson sold 576 shares of Equinix stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total transaction of $474,733.44. The disclosure for this sale can be found here. Insiders sold a total of 10,043 shares of company stock valued at $8,282,119 in the last ninety days. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on EQIX. The Goldman Sachs Group raised their price objective on Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. HSBC upgraded shares of Equinix from a “hold” rating to a “buy” rating and increased their target price for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. lifted their price objective on Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, Mizuho raised their price target on Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $907.21.

Equinix Stock Performance

EQIX stock traded up $14.06 during mid-day trading on Tuesday, reaching $880.08. 304,973 shares of the stock traded hands, compared to its average volume of 531,153. The firm has a market capitalization of $83.52 billion, a PE ratio of 88.11, a P/E/G ratio of 2.13 and a beta of 0.71. The business has a 50-day moving average of $848.37 and a two-hundred day moving average of $795.27. Equinix, Inc. has a 52 week low of $677.80 and a 52 week high of $914.93. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.26.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share for the quarter, missing the consensus estimate of $7.88 by ($4.72). The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Equinix had a net margin of 12.24% and a return on equity of 8.46%. Equinix’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.04 EPS. As a group, equities analysts predict that Equinix, Inc. will post 31.01 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st were issued a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, August 21st. Equinix’s dividend payout ratio (DPR) is presently 170.91%.

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.