Equinix, Inc. $EQIX Position Lifted by Uhlmann Price Securities LLC

Key Points

• Uhlmann Price Securities increased its Equinix stake by 258.3% in the third quarter, adding 1,369 shares to hold 1,899 shares valued at about $1.92 million.
• Analyst sentiment was broadly positive: MarketBeat reported a “Moderate Buy” consensus and an average price target of $1,234.13.
• Equinix reported quarterly EPS of $4.93, above the $4.11 consensus estimate, while revenue reached $2.57 billion, up 11% year over year.

Uhlmann Price Securities LLC grew its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 258.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,899 shares of the financial services provider's stock after purchasing an additional 1,369 shares during the period. Uhlmann Price Securities LLC's holdings in Equinix were worth $1,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Equinix during the second quarter worth approximately $11,930,074,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Equinix by 26,831.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider's stock valued at $1,291,648,000 after buying an additional 1,234,521 shares in the last quarter. Legal & General Group Plc purchased a new stake in Equinix in the 2nd quarter valued at $1,181,260,000. Canada Pension Plan Investment Board purchased a new stake in Equinix in the 2nd quarter valued at $1,163,662,000. Finally, Deutsche Bank AG acquired a new stake in shares of Equinix in the 2nd quarter worth $1,118,930,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Guggenheim reiterated a "buy" rating and set a $1,235.00 price target on shares of Equinix in a report on Tuesday, October 20th. Cantor Fitzgerald reissued an "overweight" rating and issued a $1,211.00 price objective on shares of Equinix in a report on Thursday, October 29th. Raymond James Financial restated a "strong-buy" rating and set a $1,250.00 price objective on shares of Equinix in a research report on Thursday, October 29th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,250.00 target price on shares of Equinix in a research note on Monday, November 2nd. Finally, UBS Group lifted their target price on shares of Equinix from $1,210.00 to $1,265.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Equinix has an average rating of "Moderate Buy" and an average target price of $1,234.13.

Equinix Stock Performance

NASDAQ EQIX opened at $1,012.71 on Friday. The stock has a market cap of $99.92 billion, a PE ratio of 60.82, a P/E/G ratio of 1.42 and a beta of 0.98. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.59. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The stock has a fifty day simple moving average of $1,016.72 and a 200-day simple moving average of $1,013.32.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $4.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.11 by $0.82. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Equinix had a return on equity of 11.49% and a net margin of 16.38%. The company's quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned $9.83 EPS. Equities analysts anticipate that Equinix, Inc. will post 39.01 earnings per share for the current year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, November 18th will be paid a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 18th. Equinix's dividend payout ratio (DPR) is 123.96%.

Insider Buying and Selling at Equinix

In other Equinix news, insider Michael Paladin sold 307 shares of Equinix stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the completion of the sale, the insider directly owned 2,450 shares in the company, valued at $2,535,774.50. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher Paisley sold 125 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the completion of the sale, the director directly owned 13,734 shares in the company, valued at $15,156,567.72. This trade represents a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 770 shares of company stock worth $807,077 over the last three months. Insiders own 0.27% of the company's stock.

About Equinix

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