Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Great Diamond Partners LLC

Great Diamond Partners LLC cut its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 25.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 303 shares of the financial services provider’s stock after selling 103 shares during the quarter. Great Diamond Partners LLC’s holdings in Equinix were worth $269,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Adell Harriman & Carpenter Inc. boosted its holdings in Equinix by 1.9% in the third quarter. Adell Harriman & Carpenter Inc. now owns 19,933 shares of the financial services provider’s stock valued at $17,694,000 after purchasing an additional 378 shares during the period. Fidelis Capital Partners LLC grew its position in shares of Equinix by 28.0% during the third quarter. Fidelis Capital Partners LLC now owns 1,461 shares of the financial services provider’s stock worth $1,302,000 after buying an additional 320 shares in the last quarter. Integrated Advisors Network LLC increased its stake in shares of Equinix by 0.4% during the third quarter. Integrated Advisors Network LLC now owns 6,956 shares of the financial services provider’s stock worth $6,175,000 after buying an additional 25 shares during the period. Fortitude Family Office LLC raised its holdings in Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares in the last quarter. Finally, abrdn plc grew its holdings in Equinix by 10.4% during the 3rd quarter. abrdn plc now owns 311,625 shares of the financial services provider’s stock worth $276,778,000 after acquiring an additional 29,231 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of Equinix from $875.00 to $975.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. 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. Cfra reiterated a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. increased their price target on shares of Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $927.67.

Insider Buying and Selling

In other Equinix news, insider Brandi Galvin Morandi sold 863 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $915.00, for a total transaction of $789,645.00. Following the transaction, the insider now owns 8,231 shares in the company, valued at approximately $7,531,365. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Equinix news, insider Brandi Galvin Morandi sold 863 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $915.00, for a total transaction of $789,645.00. Following the sale, the insider now directly owns 8,231 shares in the company, valued at approximately $7,531,365. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Simon Miller sold 569 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 5,554 shares in the company, valued at approximately $4,559,334.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,906 shares of company stock valued at $9,071,764 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Up 0.5 %

EQIX opened at $910.22 on Thursday. The business has a 50 day moving average price of $866.57 and a two-hundred day moving average price of $804.08. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $943.02. The company has a market cap of $86.39 billion, a PE ratio of 91.30, a P/E/G ratio of 2.11 and a beta of 0.71. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.26.

Equinix (NASDAQ:EQIX) last issued its quarterly 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). Equinix had a return on equity of 8.46% and a net margin of 12.24%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the business earned $8.04 earnings per share. Equinix’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, research analysts anticipate that Equinix, Inc. will post 31.01 EPS for the current year.

Equinix Announces Dividend

The company 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. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.87%. Equinix’s dividend payout ratio (DPR) is 170.91%.

Equinix 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.