Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Tredje AP fonden

Tredje AP fonden lessened its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,229 shares of the financial services provider’s stock after selling 1,200 shares during the quarter. Tredje AP fonden’s holdings in Equinix were worth $19,845,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of EQIX. Gryphon Financial Partners LLC purchased a new stake in Equinix during the 4th quarter valued at about $581,000. Great Lakes Advisors LLC grew its position in shares of Equinix by 43.4% in the fourth quarter. Great Lakes Advisors LLC now owns 3,173 shares of the financial services provider’s stock valued at $2,556,000 after purchasing an additional 960 shares in the last quarter. Financial Advocates Investment Management increased its holdings in shares of Equinix by 3.7% in the fourth quarter. Financial Advocates Investment Management now owns 476 shares of the financial services provider’s stock valued at $383,000 after purchasing an additional 17 shares during the last quarter. Brown Advisory Inc. acquired a new position in Equinix during the fourth quarter worth $288,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Equinix in the 4th quarter valued at $481,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of EQIX opened at $864.33 on Wednesday. The stock has a 50-day simple moving average of $815.81 and a 200-day simple moving average of $792.51. 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 1 year low of $677.80 and a 1 year high of $914.93. The stock has a market capitalization of $82.03 billion, a PE ratio of 86.69, a PEG ratio of 2.11 and a beta of 0.71.

Equinix (NASDAQ:EQIX) last posted its quarterly 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). Equinix had a return on equity of 8.46% and a net margin of 12.24%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the firm earned $8.04 EPS. The company’s revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Equinix, Inc. will post 31.01 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors 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 1.97%. Equinix’s payout ratio is currently 170.91%.

Insider Buying and Selling

In related news, EVP Scott Crenshaw sold 1,107 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $815.60, for a total transaction of $902,869.20. Following the completion of the transaction, the executive vice president now owns 4 shares in the company, valued at $3,262.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Scott Crenshaw sold 1,107 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $815.60, for a total transaction of $902,869.20. Following the completion of the transaction, the executive vice president now owns 4 shares in the company, valued at $3,262.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Brandi Galvin Morandi sold 864 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total transaction of $734,400.00. Following the transaction, the insider now owns 9,094 shares of the company’s stock, valued at approximately $7,729,900. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,043 shares of company stock worth $8,282,119. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EQIX. Truist Financial boosted their price target on shares of Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Wells Fargo & Company raised shares of Equinix from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $825.00 to $875.00 in a research note on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Royal Bank of Canada lowered their price objective on Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a research report on Tuesday, May 28th. Finally, TD Cowen lifted their target price on Equinix from $859.00 to $865.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and a consensus target price of $883.71.

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.