Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA grew its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,890 shares of the financial services provider’s stock after acquiring an additional 16 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Equinix were worth $10,554,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of EQIX. CNB Bank boosted its stake in Equinix by 172.7% during the 1st quarter. CNB Bank now owns 30 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 19 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Equinix during the second quarter worth approximately $30,000. LRI Investments LLC bought a new position in Equinix in the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. acquired a new stake in Equinix in the 2nd quarter valued at approximately $36,000. Finally, Sugarloaf Wealth Management LLC raised its stake in Equinix by 100.0% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 20 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other Equinix news, Chairman Charles J. Meyers sold 6,234 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total value of $5,136,628.98. Following the transaction, the chairman now owns 7,680 shares in the company, valued at $6,328,089.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Simon Miller sold 569 shares of Equinix stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total value of $467,097.79. Following the completion of the sale, the chief accounting officer now owns 5,554 shares of the company’s stock, valued at approximately $4,559,334.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Charles J. Meyers sold 6,234 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total value of $5,136,628.98. Following the transaction, the chairman now owns 7,680 shares in the company, valued at approximately $6,328,089.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,043 shares of company stock valued at $8,282,119 in the last quarter. Company insiders own 0.27% of the company’s stock.

Equinix Stock Up 2.1 %

EQIX stock opened at $914.33 on Friday. The company’s 50 day simple moving average is $859.85 and its 200-day simple moving average is $800.30. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $943.02. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $86.78 billion, a P/E ratio of 91.71, a P/E/G ratio of 2.13 and a beta of 0.71.

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

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st were given a $4.26 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $17.04 dividend on an annualized basis and a yield of 1.86%. Equinix’s payout ratio is 170.91%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EQIX shares. Cfra reissued a “hold” rating on shares of Equinix in a research note on Tuesday, September 24th. HSBC upgraded shares of Equinix from a “hold” rating to a “buy” rating and increased their target price for the company from $865.00 to $1,000.00 in a research report on Friday, October 4th. Hsbc Global Res upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. The Goldman Sachs Group increased their price objective on shares of Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Evercore ISI boosted their target price on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and a consensus target price of $918.40.

About Equinix

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.