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

Tredje AP fonden lessened its stake in Equinix, Inc. (NASDAQ:EQIX) by 4.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 26,229 shares of the financial services provider’s stock after selling 1,200 shares during the period. Tredje AP fonden’s holdings in Equinix were worth $19,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. CNB Bank raised its holdings in shares of Equinix by 172.7% in the first 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 last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Equinix in the second quarter valued at about $30,000. LRI Investments LLC purchased a new stake in shares of Equinix in the first quarter valued at about $31,000. Meeder Asset Management Inc. purchased a new stake in shares of Equinix in the second quarter valued at about $36,000. Finally, Rise Advisors LLC purchased a new stake in shares of Equinix in the first quarter valued at about $39,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity at Equinix

In other Equinix news, EVP Scott Crenshaw sold 1,107 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $815.60, for a total transaction of $902,869.20. Following the sale, the executive vice president now directly owns 4 shares of the company’s stock, valued at approximately $3,262.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Simon Miller sold 569 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total transaction of $467,097.79. Following the sale, the chief accounting officer now owns 5,554 shares in the company, valued at $4,559,334.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott Crenshaw sold 1,107 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $815.60, for a total value of $902,869.20. Following the completion of the sale, the executive vice president now directly owns 4 shares in the company, valued at $3,262.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,043 shares of company stock valued at $8,282,119. 0.27% of the stock is owned by insiders.

Equinix Stock Performance

Shares of EQIX opened at $864.33 on Wednesday. Equinix, Inc. has a 12-month low of $677.80 and a 12-month high of $914.93. The stock has a market cap of $82.03 billion, a P/E ratio of 86.69, a PEG ratio of 2.11 and a beta of 0.71. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average of $815.81 and a two-hundred day moving average of $792.51.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share (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 return on equity of 8.46% and a net margin of 12.24%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.04 earnings per share. As a group, research analysts predict that Equinix, Inc. will post 31.01 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st will be given a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, August 21st. Equinix’s dividend payout ratio is presently 170.91%.

Analysts Set New Price Targets

A number of brokerages have recently commented on EQIX. Wells Fargo & Company raised shares of Equinix from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $825.00 to $875.00 in a report on Tuesday, July 23rd. The Goldman Sachs Group initiated coverage on Equinix in a research report on Monday, July 1st. They set a “buy” rating and a $870.00 target price on the stock. Mizuho increased their target price on Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Deutsche Bank Aktiengesellschaft lifted their price target on Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, Truist Financial raised their target price on Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $883.71.

Equinix 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.