Equinix, Inc. (NASDAQ:EQIX) Shares Bought by National Pension Service

by · The Cerbat Gem

National Pension Service increased its position in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 239,985 shares of the financial services provider’s stock after buying an additional 18,501 shares during the quarter. National Pension Service owned about 0.25% of Equinix worth $213,018,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EQIX. Intact Investment Management Inc. lifted its holdings in Equinix by 45.2% in the 3rd quarter. Intact Investment Management Inc. now owns 4,820 shares of the financial services provider’s stock valued at $4,278,000 after acquiring an additional 1,500 shares during the last quarter. Blue Square Asset Management LLC raised its holdings in shares of Equinix by 3.1% in the 3rd quarter. Blue Square Asset Management LLC now owns 2,223 shares of the financial services provider’s stock worth $1,973,000 after purchasing an additional 66 shares in the last quarter. Van ECK Associates Corp lifted its stake in Equinix by 9.2% during the third quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider’s stock valued at $18,099,000 after purchasing an additional 1,716 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Equinix during the third quarter worth approximately $8,980,000. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Equinix in the third quarter valued at $247,000. Institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

EQIX has been the subject of several analyst reports. Cfra reaffirmed a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. The Goldman Sachs Group boosted their price target on shares of Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Barclays raised their price objective on shares of Equinix from $671.00 to $810.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. TD Cowen raised their price objective on shares of Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Evercore ISI raised their price objective on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $944.63.

View Our Latest Stock Report on EQIX

Insider Activity at Equinix

In related news, Chairman Charles J. Meyers sold 6,234 shares of Equinix stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total value of $5,136,628.98. Following the completion of the sale, the chairman now owns 7,680 shares of the company’s stock, valued at approximately $6,328,089.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Brandi Galvin Morandi sold 864 shares of Equinix stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total value of $734,400.00. Following the transaction, the insider now owns 9,094 shares in the company, valued at $7,729,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Charles J. Meyers sold 6,234 shares of Equinix stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the completion of the transaction, the chairman now owns 7,680 shares in the company, valued at $6,328,089.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,906 shares of company stock valued at $9,071,764. Insiders own 0.27% of the company’s stock.

Equinix Trading Up 0.5 %

Shares of NASDAQ:EQIX opened at $892.36 on Monday. The firm has a fifty day moving average of $869.56 and a two-hundred day moving average of $806.75. The firm has a market capitalization of $86.10 billion, a P/E ratio of 80.10, a price-to-earnings-growth ratio of 2.18 and a beta of 0.71. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $943.02. The company has a quick ratio of 1.22, a current ratio of 1.16 and a debt-to-equity ratio of 1.12.

Equinix (NASDAQ:EQIX – Get Free Report) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.88 by ($4.72). Equinix had a net margin of 12.29% and a return on equity of 8.34%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the business earned $8.04 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that Equinix, Inc. will post 31.01 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be paid a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Wednesday, November 13th. Equinix’s payout ratio is presently 153.65%.

About Equinix

(Free Report)

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.

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