CWM Advisors LLC lifted its stake in Equinix Inc (NASDAQ:EQIX) by 16.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,475 shares of the financial services provider’s stock after acquiring an additional 357 shares during the period. Equinix makes up about 0.5% of CWM Advisors LLC’s holdings, making the stock its 29th largest holding. CWM Advisors LLC’s holdings in Equinix were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Comerica Securities Inc. increased its holdings in shares of Equinix by 51.1% in the 4th quarter. Comerica Securities Inc. now owns 1,958 shares of the financial services provider’s stock valued at $690,000 after purchasing an additional 662 shares during the period. Geode Capital Management LLC increased its holdings in Equinix by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 973,381 shares of the financial services provider’s stock worth $342,531,000 after buying an additional 65,128 shares during the last quarter. Two Sigma Advisers LP acquired a new position in Equinix in the fourth quarter worth approximately $564,000. Actinver Wealth Management Inc. acquired a new position in Equinix in the fourth quarter worth approximately $349,000. Finally, Altfest L J & Co. Inc. increased its holdings in Equinix by 160.0% in the first quarter. Altfest L J & Co. Inc. now owns 4,524 shares of the financial services provider’s stock worth $625,000 after buying an additional 2,784 shares during the last quarter. 97.83% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on EQIX shares. Credit Suisse Group set a $556.00 price objective on Equinix and gave the stock a “buy” rating in a report on Thursday, July 11th. Argus started coverage on Equinix in a report on Monday, June 3rd. They issued a “buy” rating and a $550.00 price objective on the stock. BMO Capital Markets restated a “buy” rating and issued a $520.00 price objective on shares of Equinix in a report on Tuesday, July 2nd. Zacks Investment Research upgraded Equinix from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, UBS Group increased their price objective on Equinix from $510.00 to $560.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $527.21.
Shares of Equinix stock opened at $546.34 on Friday. The stock has a market capitalization of $44.34 billion, a P/E ratio of 26.41, a PEG ratio of 1.82 and a beta of 0.73. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.34. The stock has a 50 day moving average price of $517.22 and a two-hundred day moving average price of $472.87. Equinix Inc has a 12-month low of $335.29 and a 12-month high of $557.54.
Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.14 by ($3.45). Equinix had a return on equity of 6.29% and a net margin of 9.29%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the company earned $3.63 EPS. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts anticipate that Equinix Inc will post 20.7 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 21st will be given a $2.46 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $9.84 annualized dividend and a dividend yield of 1.80%. Equinix’s dividend payout ratio is 47.56%.
Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
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