Middleton & Co. Inc. MA Sells 305 Shares of Equinix, Inc. (NASDAQ:EQIX)

Middleton & Co. Inc. MA cut its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,874 shares of the financial services provider’s stock after selling 305 shares during the period. Middleton & Co. Inc. MA’s holdings in Equinix were worth $8,984,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EQIX. Public Employees Retirement System of Ohio increased its holdings in Equinix by 0.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 182,683 shares of the financial services provider’s stock valued at $147,131,000 after buying an additional 1,159 shares during the period. Pinebridge Investments L.P. bought a new stake in Equinix in the fourth quarter valued at about $3,724,000. Global Assets Advisory LLC acquired a new position in Equinix in the first quarter worth about $15,187,000. Schroder Investment Management Group lifted its stake in Equinix by 0.6% during the fourth quarter. Schroder Investment Management Group now owns 241,950 shares of the financial services provider’s stock worth $194,864,000 after purchasing an additional 1,547 shares during the period. Finally, Banque Cantonale Vaudoise boosted its holdings in Equinix by 48.0% during the first quarter. Banque Cantonale Vaudoise now owns 6,578 shares of the financial services provider’s stock valued at $5,430,000 after purchasing an additional 2,133 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EQIX shares. Barclays increased their target price on Equinix from $669.00 to $671.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. Royal Bank of Canada cut their price objective on Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a report on Tuesday, May 28th. Wells Fargo & Company upgraded shares of Equinix from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $825.00 to $875.00 in a research note on Tuesday, July 23rd. The Goldman Sachs Group started coverage on shares of Equinix in a research report on Monday, July 1st. They set a “buy” rating and a $870.00 target price for the company. Finally, TD Cowen boosted their price target on shares of Equinix from $859.00 to $865.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and a consensus price target of $883.71.

Insider Buying and Selling

In other Equinix news, CAO Simon Miller sold 569 shares of Equinix stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total transaction of $467,097.79. Following the completion of the sale, the chief accounting officer now owns 5,554 shares of the company’s stock, valued at approximately $4,559,334.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Equinix news, CAO Simon Miller sold 569 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total value of $467,097.79. Following the transaction, the chief accounting officer now owns 5,554 shares of the company’s stock, valued at $4,559,334.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Charles J. Meyers sold 6,234 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total value of $5,136,628.98. Following the transaction, the chairman now owns 7,680 shares of the company’s stock, valued at $6,328,089.60. The disclosure for this sale can be found here. Insiders sold a total of 10,043 shares of company stock valued at $8,282,119 over the last ninety days. Insiders own 0.27% of the company’s stock.

Equinix Stock Down 0.4 %

NASDAQ:EQIX opened at $860.95 on Thursday. The company has a market cap of $81.71 billion, a price-to-earnings ratio of 86.35, a P/E/G ratio of 2.11 and a beta of 0.71. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s fifty day moving average price is $817.51 and its two-hundred day moving average price is $792.99. Equinix, Inc. has a 52-week low of $677.80 and a 52-week high of $914.93.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results 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 firm 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%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $8.04 EPS. On average, analysts anticipate that Equinix, Inc. will post 31.01 EPS for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 21st were given a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Wednesday, August 21st. Equinix’s dividend payout ratio is 170.91%.

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.