Equinix, Inc. (NASDAQ:EQIX) Insider Sells $789,645.00 in Stock

Equinix, Inc. (NASDAQ:EQIX) insider Brandi Galvin Morandi sold 863 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $915.00, for a total transaction of $789,645.00. Following the completion of the transaction, the insider now directly owns 8,231 shares in the company, valued at $7,531,365. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Brandi Galvin Morandi also recently made the following trade(s):

• On Tuesday, September 10th, Brandi Galvin Morandi sold 864 shares of Equinix stock. The stock was sold at an average price of $850.00, for a total value of $734,400.00.

Equinix Stock Performance

EQIX traded down $1.71 during midday trading on Monday, reaching $912.62. The company’s stock had a trading volume of 447,427 shares, compared to its average volume of 528,541. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $943.02. The stock has a market cap of $86.61 billion, a P/E ratio of 91.54, a PEG ratio of 2.11 and a beta of 0.71. The company has a fifty day simple moving average of $861.56 and a 200 day simple moving average of $801.35. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.26.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, August 7th. The financial services provider reported $3.16 EPS for the quarter, missing the consensus estimate of $7.88 by ($4.72). The company had revenue of $2.16 billion for the quarter, compared to analyst estimates 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 earnings per share. Research analysts expect that Equinix, Inc. will post 31.01 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st were paid a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Wednesday, August 21st. Equinix’s payout ratio is 170.91%.

Institutional Investors Weigh In On Equinix

Large investors have recently bought and sold shares of the company. CNB Bank grew its holdings in shares of Equinix by 172.7% in the 1st quarter. CNB Bank now owns 30 shares of the financial services provider’s stock valued at $25,000 after buying an additional 19 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Equinix during the 2nd quarter worth approximately $30,000. LRI Investments LLC bought a new position in shares of Equinix during the 1st quarter worth approximately $31,000. GHP Investment Advisors Inc. raised its holdings in shares of Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its position in shares of Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Equinix from $875.00 to $975.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Barclays boosted their target price on shares of Equinix from $671.00 to $810.00 and gave the stock an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. increased their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Evercore ISI lifted their price objective on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their target price on shares of Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Equinix currently has an average rating of “Moderate Buy” and an average target price of $927.67.

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.