Border to Coast Pensions Partnership Ltd Has $59.74 Million Holdings in Equinix, Inc. (NASDAQ:EQIX)

Border to Coast Pensions Partnership Ltd decreased its position in Equinix, Inc. (NASDAQ:EQIX) by 21.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 67,498 shares of the financial services provider’s stock after selling 18,827 shares during the period. Equinix accounts for about 1.2% of Border to Coast Pensions Partnership Ltd’s portfolio, making the stock its 20th largest holding. Border to Coast Pensions Partnership Ltd’s holdings in Equinix were worth $59,739,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Global Assets Advisory LLC bought a new stake in Equinix in the 1st quarter valued at about $15,187,000. BDF Gestion purchased a new position in Equinix in the second quarter valued at approximately $2,659,000. Bessemer Group Inc. lifted its stake in Equinix by 159.4% in the first quarter. Bessemer Group Inc. now owns 2,246 shares of the financial services provider’s stock valued at $1,854,000 after purchasing an additional 1,380 shares during the last quarter. Brookmont Capital Management purchased a new position in Equinix in the first quarter valued at approximately $2,894,000. Finally, GSA Capital Partners LLP purchased a new position in Equinix in the first quarter valued at approximately $804,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Down 1.3 %

Shares of Equinix stock traded down $11.49 during trading hours on Monday, hitting $883.71. The company had a trading volume of 102,340 shares, compared to its average volume of 527,454. The company’s 50-day moving average is $855.35 and its two-hundred day moving average is $797.63. Equinix, Inc. has a twelve month low of $677.80 and a twelve month high of $914.93. The company has a market cap of $83.87 billion, a P/E ratio of 89.79, a price-to-earnings-growth ratio of 2.13 and a beta of 0.71. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.22 and a quick ratio of 1.22.

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

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st were issued a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Wednesday, August 21st. Equinix’s dividend payout ratio is presently 170.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EQIX shares. Truist Financial boosted their target price on shares of Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Mizuho boosted their target price on shares of Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. HSBC upgraded shares of Equinix from a “hold” rating to a “buy” rating and upped their price target for the company from $865.00 to $1,000.00 in a research report on Friday, October 4th. Finally, Evercore ISI raised shares of Equinix to a “strong-buy” rating in a research note on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $914.36.

Insiders Place Their Bets

In related news, insider Meredith Williamson sold 576 shares of Equinix stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this link. In related news, insider Meredith Williamson sold 576 shares of the stock in a transaction dated Wednesday, September 4th. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 864 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total value 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 trade represents a 0.00 % decrease in their ownership of the stock. 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 90 days. 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.