Czech National Bank Grows Stake in Equinix, Inc. (NASDAQ:EQIX)

Czech National Bank boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 6.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,341 shares of the financial services provider’s stock after buying an additional 1,256 shares during the quarter. Czech National Bank’s holdings in Equinix were worth $17,168,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. CNB Bank raised 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 acquiring an additional 19 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Equinix during the 2nd quarter worth approximately $30,000. LRI Investments LLC purchased a new stake in shares of Equinix during the 1st quarter valued at approximately $31,000. Meeder Asset Management Inc. purchased a new position in Equinix in the second quarter worth approximately $36,000. Finally, Rise Advisors LLC acquired a new stake in Equinix during the first quarter worth $39,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Stock Performance

EQIX traded up $0.66 during trading on Friday, hitting $876.88. 236,751 shares of the stock were exchanged, compared to its average volume of 539,451. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $83.22 billion, a P/E ratio of 87.95, a PEG ratio of 2.15 and a beta of 0.71. The stock has a fifty day moving average price of $838.25 and a two-hundred day moving average price of $793.17. Equinix, Inc. has a 1-year low of $677.80 and a 1-year high of $914.93.

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). Equinix had a return on equity of 8.46% and a net margin of 12.24%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the business posted $8.04 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts predict that Equinix, Inc. will post 31.01 earnings per share for the current year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 21st were paid a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, August 21st. Equinix’s dividend payout ratio (DPR) is presently 170.91%.

Wall Street Analyst Weigh In

EQIX has been the topic of several research analyst reports. Cfra restated a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. HSBC raised shares of Equinix from a “hold” rating to a “buy” rating and increased their price objective for the stock from $865.00 to $1,000.00 in a research report on Friday. TD Cowen upped their price target on Equinix from $859.00 to $865.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. The Goldman Sachs Group lifted their price objective on Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. 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 research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $903.80.

Insider Buying and Selling

In related news, insider Brandi Galvin Morandi sold 864 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Brandi Galvin Morandi sold 864 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 9,094 shares of the company’s stock, valued at $7,729,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jonathan Lin sold 93 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $820.99, for a total transaction of $76,352.07. Following the completion of the sale, the executive vice president now owns 7,141 shares of the company’s stock, valued at $5,862,689.59. This trade represents a 0.00 % decrease in their position. 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 three months. 0.27% of the stock is currently owned by company insiders.

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.