Middleton & Co. Inc. MA Purchases 16 Shares of Equinix, Inc. (NASDAQ:EQIX)

Middleton & Co. Inc. MA grew its holdings in Equinix, Inc. (NASDAQ:EQIX) by 0.1% during the 3rd quarter, HoldingsChannel reports. 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.

A number of other institutional investors have also made changes to their positions in EQIX. CNB Bank increased its holdings in shares of Equinix by 172.7% during the 1st quarter. CNB Bank now owns 30 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 19 shares during the period. LRI Investments LLC acquired a new stake in Equinix during the first quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Equinix during the second quarter valued at about $30,000. Sugarloaf Wealth Management LLC raised its holdings in Equinix by 100.0% in 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. Finally, Meeder Asset Management Inc. bought a new stake in shares of Equinix in the 2nd quarter worth approximately $36,000. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 864 shares of Equinix stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total transaction of $734,400.00. Following the completion of the sale, the insider now owns 9,094 shares in the company, valued at $7,729,900. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Brandi Galvin Morandi sold 864 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total value of $734,400.00. Following the transaction, the insider now directly owns 9,094 shares in the company, valued at $7,729,900. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Earl Campbell sold 600 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $816.73, for a total value of $490,038.00. Following the completion of the transaction, the insider now directly owns 14,800 shares in the company, valued at $12,087,604. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,043 shares of company stock worth $8,282,119. Company insiders own 0.27% of the company’s stock.

Equinix Price Performance

Shares of EQIX stock opened at $914.33 on Friday. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $943.02. 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 firm’s 50 day moving average is $859.85 and its 200-day moving average is $800.30. The firm has a market capitalization of $86.78 billion, a price-to-earnings ratio of 91.71, a PEG ratio of 2.13 and a beta of 0.71.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $3.16 EPS for the quarter, missing analysts’ consensus estimates of $7.88 by ($4.72). The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Equinix had a net margin of 12.24% and a return on equity of 8.46%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.04 earnings per share. Sell-side analysts forecast that Equinix, Inc. will post 31.01 EPS for the current fiscal year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st were issued a dividend of $4.26 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $17.04 annualized dividend and a yield of 1.86%. Equinix’s dividend payout ratio is currently 170.91%.

Analyst Ratings Changes

EQIX has been the subject of a number of recent research reports. Truist Financial upped their target price on Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Mizuho raised their price objective on shares of Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Cfra reissued a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. TD Cowen lifted their price objective on Equinix from $859.00 to $865.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $918.40.

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.