Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC lifted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 53.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 400 shares of the financial services provider’s stock after buying an additional 139 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Equinix were worth $303,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of EQIX. Vanguard Group Inc. lifted its holdings in Equinix by 1.9% in the first quarter. Vanguard Group Inc. now owns 12,503,989 shares of the financial services provider’s stock worth $10,319,917,000 after acquiring an additional 238,815 shares during the last quarter. Cohen & Steers Inc. boosted its position in Equinix by 0.5% during the 4th quarter. Cohen & Steers Inc. now owns 2,591,270 shares of the financial services provider’s stock valued at $2,087,096,000 after purchasing an additional 13,988 shares during the period. Norges Bank bought a new position in Equinix during the 4th quarter worth $1,574,132,000. Principal Financial Group Inc. increased its position in Equinix by 14.5% in the second quarter. Principal Financial Group Inc. now owns 1,888,191 shares of the financial services provider’s stock worth $1,428,606,000 after buying an additional 238,883 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Equinix by 3.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,391,567 shares of the financial services provider’s stock worth $1,148,504,000 after buying an additional 47,795 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Down 0.5 %

EQIX stock opened at $817.96 on Friday. The firm has a market cap of $77.63 billion, a PE ratio of 82.04, a P/E/G ratio of 2.03 and a beta of 0.68. Equinix, Inc. has a 12 month low of $677.80 and a 12 month high of $914.93. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a 50 day simple moving average of $800.75 and a 200 day simple moving average of $794.48.

Equinix (NASDAQ:EQIX) last posted 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 company 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%. Equinix’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $8.04 EPS. Equities research analysts forecast that Equinix, Inc. will post 31.04 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st will be given a $4.26 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.08%. Equinix’s dividend payout ratio (DPR) is 170.91%.

Insider Buying and Selling

In other news, CAO Simon Miller sold 569 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 5,554 shares in the company, valued at $4,559,334.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Meredith Williamson sold 576 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total transaction of $474,733.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Simon Miller sold 569 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 7,472 shares of company stock valued at $6,154,812. 0.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EQIX has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. The Goldman Sachs Group began coverage on Equinix in a report on Monday, July 1st. They set a “buy” rating and a $870.00 price target on the stock. Mizuho began coverage on Equinix in a report on Thursday, July 11th. They issued an “outperform” rating and a $873.00 price objective for the company. Barclays lifted their target price on Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Finally, Truist Financial raised their price target on Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $876.71.

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.