Equinix, Inc. $EQIX Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC reduced its stake in Equinix, Inc. (NASDAQ:EQIX) by 7.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,126 shares of the financial services provider’s stock after selling 1,301 shares during the period. Equinix makes up about 0.5% of New Age Alpha Advisors LLC’s holdings, making the stock its 28th largest holding. New Age Alpha Advisors LLC’s holdings in Equinix were worth $12,631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of EQIX. Campbell & CO Investment Adviser LLC raised its holdings in shares of Equinix by 21.1% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 384 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 67 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Equinix by 1.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 544,462 shares of the financial services provider’s stock valued at $426,444,000 after buying an additional 7,409 shares during the last quarter. Chilton Capital Management LLC increased its holdings in Equinix by 5.1% in the third quarter. Chilton Capital Management LLC now owns 36,908 shares of the financial services provider’s stock valued at $28,908,000 after buying an additional 1,805 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Equinix by 25.8% in the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock valued at $2,252,094,000 after buying an additional 588,967 shares in the last quarter. Finally, Foresight Group Ltd Liability Partnership lifted its holdings in Equinix by 10.0% during the 3rd quarter. Foresight Group Ltd Liability Partnership now owns 26,139 shares of the financial services provider’s stock worth $20,425,000 after buying an additional 2,378 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Equinix

In related news, insider Brandi Galvin Morandi sold 1,333 shares of Equinix stock in a transaction on Friday, January 16th. The shares were sold at an average price of $804.25, for a total value of $1,072,065.25. Following the transaction, the insider directly owned 9,551 shares in the company, valued at $7,681,391.75. This trade represents a 12.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Raouf Abdel sold 927 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $801.78, for a total transaction of $743,250.06. Following the completion of the transaction, the executive vice president directly owned 7,337 shares in the company, valued at $5,882,659.86. This represents a 11.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,353 shares of company stock worth $11,283,043 in the last ninety days. Company insiders own 0.27% of the company’s stock.

Equinix Stock Up 2.8%

Shares of NASDAQ:EQIX opened at $974.26 on Friday. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $992.90. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market cap of $95.72 billion, a P/E ratio of 70.86, a P/E/G ratio of 2.50 and a beta of 1.06. The firm has a fifty day moving average price of $832.07 and a 200 day moving average price of $801.08.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $8.91 EPS for the quarter, missing analysts’ consensus estimates of $9.07 by ($0.16). Equinix had a net margin of 14.65% and a return on equity of 9.60%. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the firm posted $7.92 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Sell-side analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $5.16 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $20.64 annualized dividend and a yield of 2.1%. This is a boost from Equinix’s previous quarterly dividend of $4.69. Equinix’s dividend payout ratio (DPR) is currently 150.11%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EQIX. Guggenheim raised their target price on Equinix from $933.00 to $985.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating and issued a $1,075.00 price target on shares of Equinix in a research note on Friday, February 13th. UBS Group boosted their price objective on shares of Equinix from $950.00 to $1,010.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. increased their target price on shares of Equinix from $950.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, TD Cowen reiterated a “buy” rating on shares of Equinix in a research note on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Equinix has a consensus rating of “Moderate Buy” and an average target price of $1,001.41.

Equinix Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.