Commerzbank Aktiengesellschaft FI Buys 1,672 Shares of Equinix, Inc. (NASDAQ:EQIX)

Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 107.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,233 shares of the financial services provider's stock after acquiring an additional 1,672 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Equinix were worth $2,636,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Legacy Financial Advisors Inc. lifted its position in shares of Equinix by 3.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider's stock valued at $340,000 after purchasing an additional 11 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Equinix by 40.0% during the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 12 shares in the last quarter. Signaturefd LLC lifted its position in shares of Equinix by 0.8% during the first quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock valued at $1,182,000 after purchasing an additional 12 shares in the last quarter. First Financial Bankshares Inc lifted its position in shares of Equinix by 0.5% during the fourth quarter. First Financial Bankshares Inc now owns 2,470 shares of the financial services provider's stock valued at $2,329,000 after purchasing an additional 13 shares in the last quarter. Finally, Nemes Rush Group LLC lifted its position in shares of Equinix by 18.3% during the fourth quarter. Nemes Rush Group LLC now owns 84 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 13 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on EQIX. Bank of America lowered their price objective on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Citigroup lifted their price objective on Equinix from $970.00 to $990.00 and gave the company a "buy" rating in a research note on Monday, May 5th. The Goldman Sachs Group dropped their price objective on Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a research note on Wednesday, July 2nd. Barclays dropped their price objective on Equinix from $837.00 to $798.00 and set an "equal weight" rating for the company in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of Equinix from $975.00 to $935.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, Equinix has an average rating of "Buy" and an average target price of $957.05.

Equinix Trading Up 0.3%

EQIX traded up $2.21 during trading on Friday, hitting $777.78. 626,099 shares of the stock traded hands, compared to its average volume of 564,869. The firm has a market capitalization of $76.08 billion, a P/E ratio of 80.85, a price-to-earnings-growth ratio of 1.30 and a beta of 0.93. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a 50-day moving average of $847.91 and a 200 day moving average of $864.45. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, topping the consensus estimate of $9.01 by $0.66. Equinix had a net margin of 10.48% and a return on equity of 6.96%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the business earned $8.86 EPS. The company's revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st were paid a $4.69 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $18.76 annualized dividend and a dividend yield of 2.41%. Equinix's payout ratio is 195.01%.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 100 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $869.41, for a total value of $86,941.00. Following the completion of the transaction, the director directly owned 17,569 shares in the company, valued at $15,274,664.29. This trade represents a 0.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kurt Pletcher sold 127 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total transaction of $111,467.90. Following the sale, the insider owned 1,842 shares of the company's stock, valued at approximately $1,616,723.40. This represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,176 shares of company stock worth $2,808,008 in the last three months. 0.27% of the stock is owned by corporate insiders.

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.