Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Sugarloaf Wealth Management LLC

Sugarloaf Wealth Management LLC boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 100.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40 shares of the financial services provider’s stock after acquiring an additional 20 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Equinix were worth $36,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EQIX. Cypress Capital Group raised its position in shares of Equinix by 2.3% in the 2nd quarter. Cypress Capital Group now owns 575 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 13 shares in the last quarter. MRA Advisory Group raised its position in shares of Equinix by 3.2% in the 2nd quarter. MRA Advisory Group now owns 419 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 13 shares in the last quarter. Banco Santander S.A. raised its position in shares of Equinix by 2.0% in the 1st quarter. Banco Santander S.A. now owns 699 shares of the financial services provider’s stock valued at $577,000 after purchasing an additional 14 shares in the last quarter. Abbrea Capital LLC raised its position in shares of Equinix by 5.5% during the 2nd quarter. Abbrea Capital LLC now owns 270 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 14 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Equinix by 30.0% during the 1st quarter. UMB Bank n.a. now owns 65 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of NASDAQ EQIX opened at $872.51 on Wednesday. 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 firm has a market cap of $82.81 billion, a price-to-earnings ratio of 87.51, a P/E/G ratio of 2.15 and a beta of 0.71. The business’s 50-day simple moving average is $840.12 and its 200-day simple moving average 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 released its earnings results on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.88 by ($4.72). The business had revenue of $2.16 billion during 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 business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $8.04 EPS. As a group, equities research analysts expect that Equinix, Inc. will post 31.01 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st were issued a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Wednesday, August 21st. Equinix’s dividend payout ratio (DPR) is currently 170.91%.

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 stock was sold at an average price of $850.00, for a total transaction of $734,400.00. Following the sale, the insider now owns 9,094 shares of the company’s stock, valued at approximately $7,729,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Brandi Galvin Morandi sold 864 shares of Equinix stock in a transaction that occurred 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 sale, the insider now owns 9,094 shares of the company’s stock, valued at approximately $7,729,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Earl Campbell sold 600 shares of Equinix stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $816.73, for a total value of $490,038.00. Following the sale, 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. Insiders have sold 10,043 shares of company stock valued at $8,282,119 in the last 90 days. 0.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EQIX. Wells Fargo & Company raised Equinix from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $825.00 to $875.00 in a research report on Tuesday, July 23rd. Evercore ISI raised Equinix to a “strong-buy” rating in a research report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft increased their target price on Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Finally, The Goldman Sachs Group increased their target price on Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $903.80.

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.