Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,459 shares of the financial services provider’s stock after purchasing an additional 419 shares during the quarter. Blair William & Co. IL’s holdings in Equinix were worth $20,019,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC grew its stake in Equinix by 6.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,718 shares of the financial services provider’s stock worth $5,058,000 after purchasing an additional 388 shares in the last quarter. E Fund Management Co. Ltd. acquired a new position in Equinix during the 2nd quarter worth $265,000. Wealth Alliance grew its stake in Equinix by 3.3% during the 2nd quarter. Wealth Alliance now owns 944 shares of the financial services provider’s stock worth $714,000 after purchasing an additional 30 shares in the last quarter. Renaissance Technologies LLC grew its stake in Equinix by 81.9% during the 2nd quarter. Renaissance Technologies LLC now owns 30,870 shares of the financial services provider’s stock worth $23,356,000 after purchasing an additional 13,900 shares in the last quarter. Finally, One Capital Management LLC acquired a new position in Equinix during the 2nd quarter worth $571,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Down 0.4 %

Equinix stock opened at $860.95 on Thursday. Equinix, Inc. has a fifty-two week low of $677.80 and a fifty-two week high of $914.93. 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 company has a market capitalization of $81.71 billion, a P/E ratio of 86.35, a PEG ratio of 2.11 and a beta of 0.71. The stock has a 50-day simple moving average of $817.51 and a 200-day simple moving average of $792.99.

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

Equinix Dividend Announcement

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

Insider Buying and Selling at Equinix

In other Equinix news, Chairman Charles J. Meyers sold 6,234 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the completion of the sale, the chairman now directly owns 7,680 shares of the company’s stock, valued at approximately $6,328,089.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Equinix news, Chairman Charles J. Meyers sold 6,234 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the transaction, the chairman now owns 7,680 shares in the company, valued at approximately $6,328,089.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott Crenshaw sold 1,107 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $815.60, for a total value of $902,869.20. Following the transaction, the executive vice president now owns 4 shares in the company, valued at approximately $3,262.40. 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 in the last ninety days. Insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on EQIX shares. TD Cowen boosted their target price on Equinix from $859.00 to $865.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Wells Fargo & Company raised Equinix from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $825.00 to $875.00 in a report on Tuesday, July 23rd. The Goldman Sachs Group assumed coverage on Equinix in a report on Monday, July 1st. They set a “buy” rating and a $870.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price target on Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, Truist Financial lifted their price target on Equinix from $915.00 to $935.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $883.71.

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.