Quantbot Technologies LP Purchases 11,999 Shares of Equinix, Inc. (NASDAQ:EQIX)

Quantbot Technologies LP raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 1,159.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 13,034 shares of the financial services provider’s stock after acquiring an additional 11,999 shares during the period. Equinix makes up 0.5% of Quantbot Technologies LP’s investment portfolio, making the stock its 22nd largest position. Quantbot Technologies LP’s holdings in Equinix were worth $9,862,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EQIX. CNB Bank increased its position in shares of Equinix by 172.7% during the first quarter. CNB Bank now owns 30 shares of the financial services provider’s stock valued at $25,000 after buying an additional 19 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Equinix in the 2nd quarter worth about $30,000. LRI Investments LLC purchased a new stake in shares of Equinix in the 1st quarter valued at about $31,000. Meeder Asset Management Inc. bought a new stake in shares of Equinix during the 2nd quarter valued at about $36,000. Finally, Rise Advisors LLC purchased a new position in shares of Equinix during the first quarter worth about $39,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EQIX shares. Wells Fargo & Company raised shares of Equinix from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $825.00 to $875.00 in a research note on Tuesday, July 23rd. Royal Bank of Canada cut their target price on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a research report on Tuesday, May 28th. Mizuho raised their price target on Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective 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 raised their price objective on Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Equinix has an average rating of “Moderate Buy” and a consensus target price of $883.71.

Equinix Trading Up 0.3 %

Shares of EQIX opened at $871.54 on Monday. The firm has a fifty day simple moving average of $811.47 and a two-hundred day simple moving average of $792.85. Equinix, Inc. has a twelve month low of $677.80 and a twelve month high of $914.93. The stock has a market capitalization of $82.74 billion, a P/E ratio of 87.42, a PEG 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 posted its 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 business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Equinix had a return on equity of 8.46% and a net margin of 12.24%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $8.04 earnings per share. On average, research analysts anticipate that Equinix, Inc. will post 31.01 EPS for the current year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st will be issued a dividend of $4.26 per share. The ex-dividend date is Wednesday, August 21st. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.96%. Equinix’s dividend payout ratio is presently 170.91%.

Insider Buying and Selling

In other Equinix news, insider Brandi Galvin Morandi sold 864 shares of the business’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 approximately $7,729,900. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Equinix news, insider Brandi Galvin Morandi sold 864 shares of the company’s 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 transaction, the insider now owns 9,094 shares in the company, valued at approximately $7,729,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Meredith Williamson sold 576 shares of the firm’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 value of $474,733.44. The disclosure for this sale can be found here. Insiders sold 10,043 shares of company stock valued at $8,282,119 over the last quarter. 0.27% of the stock is 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.