Presima Securities ULC Has $50.55 Million Holdings in Equinix, Inc. (NASDAQ:EQIX)

Presima Securities ULC boosted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 1.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 56,945 shares of the financial services provider’s stock after purchasing an additional 840 shares during the quarter. Equinix makes up 11.1% of Presima Securities ULC’s portfolio, making the stock its largest position. Presima Securities ULC’s holdings in Equinix were worth $50,546,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. CNB Bank lifted its holdings in Equinix by 172.7% in the 1st quarter. CNB Bank now owns 30 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 19 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Equinix in the second quarter worth $30,000. LRI Investments LLC bought a new position in shares of Equinix during the first quarter worth $31,000. Meeder Asset Management Inc. bought a new position in shares of Equinix during the second quarter worth $36,000. Finally, Sugarloaf Wealth Management LLC grew its stake in Equinix by 100.0% during the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 20 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Activity at Equinix

In other Equinix news, insider Meredith Williamson sold 576 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $824.19, for a total value of $474,733.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Equinix news, insider Meredith Williamson sold 576 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total value of $474,733.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Brandi Galvin Morandi sold 864 shares of Equinix stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 10,043 shares of company stock worth $8,282,119 in the last quarter. 0.27% of the stock is owned by company insiders.

Equinix Price Performance

Equinix stock opened at $880.20 on Thursday. Equinix, Inc. has a 12-month low of $677.80 and a 12-month high of $914.93. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average price of $852.23 and a 200-day moving average price of $796.23. The firm has a market capitalization of $83.54 billion, a PE ratio of 88.28, a price-to-earnings-growth ratio of 2.13 and a beta of 0.71.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share for the quarter, missing analysts’ consensus estimates of $7.88 by ($4.72). Equinix had a return on equity of 8.46% and a net margin of 12.24%. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the company earned $8.04 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research analysts forecast that Equinix, Inc. will post 31.01 EPS for the current year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st were issued a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Wednesday, August 21st. Equinix’s payout ratio is currently 170.91%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. TD Cowen boosted their price target on shares of Equinix from $859.00 to $865.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. boosted their target price on Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Cfra restated a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Finally, The Goldman Sachs Group increased their target price on Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $907.21.

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.