Deutsche Bank AG Has $785.87 Million Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Key Points

• Deutsche Bank AG increased its stake in Equinix, Inc. by 5.1% during the first quarter, holding 963,839 shares worth approximately $785.9 million.
• Equinix reported a Q2 EPS of $9.91, surpassing analysts' expectations of $3.49, with revenue reaching $2.26 billion, indicating a growth of 4.5% from the previous year.
• The company declared a quarterly dividend of $4.69, translating to an annual yield of 2.4%, with a payout ratio of 183.74%.

Deutsche Bank AG grew its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 5.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 963,839 shares of the financial services provider's stock after buying an additional 46,490 shares during the quarter. Deutsche Bank AG owned 0.99% of Equinix worth $785,866,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EQIX. Legacy Financial Advisors Inc. grew its stake in shares of Equinix by 3.2% in the 4th quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider's stock valued at $340,000 after buying an additional 11 shares during the period. Cornerstone Planning Group LLC grew its stake in shares of Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after acquiring an additional 12 shares in the last quarter. Signaturefd LLC grew its stake in shares of Equinix by 0.8% in the first quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock worth $1,182,000 after acquiring an additional 12 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of Equinix by 5.1% in the first quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock worth $202,000 after acquiring an additional 12 shares in the last quarter. Finally, Griffin Asset Management Inc. lifted its position in shares of Equinix by 0.7% during the 1st quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider's stock worth $1,444,000 after purchasing an additional 13 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EQIX. Guggenheim began coverage on shares of Equinix in a research report on Thursday, July 10th. They set a "buy" rating and a $933.00 price objective for the company. Barclays dropped their price objective on shares of Equinix from $837.00 to $798.00 and set an "equal weight" rating on the stock in a research note on Friday, July 11th. Wells Fargo & Company dropped their price target on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research note on Thursday, June 26th. JPMorgan Chase & Co. boosted their price target on shares of Equinix from $935.00 to $940.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, The Goldman Sachs Group decreased their price objective on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a report on Wednesday, July 2nd. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and five have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $959.86.

Insider Activity at Equinix

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $869.41, for a total transaction of $86,941.00. Following the sale, the director directly owned 17,569 shares in the company, valued at approximately $15,274,664.29. This trade represents a 0.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Adaire Fox-Martin sold 2,949 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the sale, the chief executive officer owned 9,615 shares in the company, valued at $8,508,409.65. This trade represents a 23.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Equinix Price Performance

Shares of EQIX traded down $3.14 during trading hours on Friday, hitting $776.20. The stock had a trading volume of 252,816 shares, compared to its average volume of 539,724. The company's fifty day moving average is $820.97 and its two-hundred day moving average is $848.37. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The stock has a market capitalization of $75.96 billion, a price-to-earnings ratio of 76.02, a P/E/G ratio of 1.40 and a beta of 0.90.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping analysts' consensus estimates of $3.49 by $6.42. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The company's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.22 EPS. On average, analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be paid a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix's dividend payout ratio (DPR) is presently 183.74%.

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.