1,810 Equinix, Inc. $EQIX Shares Sold by CenterBook Partners LP

CenterBook Partners LP reduced its stake in Equinix, Inc. (NASDAQ:EQIX) by 71.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 722 shares of the financial services provider’s stock after selling 1,810 shares during the period. CenterBook Partners LP’s holdings in Equinix were worth $730,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Calamos Advisors LLC grew its position in shares of Equinix by 2.1% in the 3rd quarter. Calamos Advisors LLC now owns 12,889 shares of the financial services provider’s stock valued at $13,038,000 after buying an additional 261 shares during the last quarter. Alta Advisers Ltd boosted its stake in Equinix by 77.4% in the third quarter. Alta Advisers Ltd now owns 706 shares of the financial services provider’s stock valued at $714,000 after acquiring an additional 308 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Equinix by 19.3% during the third quarter. Kestra Advisory Services LLC now owns 7,808 shares of the financial services provider’s stock worth $7,898,000 after purchasing an additional 1,261 shares during the last quarter. Claro Advisors Inc. purchased a new position in shares of Equinix during the third quarter worth about $200,000. Finally, Commonwealth Equity Services LLC increased its position in shares of Equinix by 67.8% during the third quarter. Commonwealth Equity Services LLC now owns 8,809 shares of the financial services provider’s stock worth $8,911,000 after purchasing an additional 3,560 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Stock Down 0.4%

Equinix stock opened at $1,050.00 on Wednesday. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The stock has a 50 day moving average of $1,016.98 and a two-hundred day moving average of $1,015.90. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $103.60 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 1.48 and a beta of 0.98.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, October 28th. The financial services provider reported $4.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.11 by $0.82. Equinix had a return on equity of 11.49% and a net margin of 16.38%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the company posted $9.83 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts expect that Equinix, Inc. will post 39.01 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, November 18th will be paid a $5.16 dividend. 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 payout ratio is currently 123.96%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EQIX. The Goldman Sachs Group upped their target price on Equinix from $1,015.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Royal Bank Of Canada lifted their price target on Equinix from $1,125.00 to $1,225.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Evercore reiterated an “outperform” rating and issued a $1,270.00 price objective (up from $1,240.00) on shares of Equinix in a research note on Tuesday, August 18th. Raymond James Financial reissued a “strong-buy” rating and issued a $1,250.00 price objective on shares of Equinix in a report on Thursday, October 29th. Finally, Weiss Ratings upgraded shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average target price of $1,234.13.

Insider Buying and Selling at Equinix

In other Equinix news, insider Kurt Pletcher sold 198 shares of the company’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $1,014.18, for a total transaction of $200,807.64. Following the completion of the transaction, the insider owned 3,879 shares in the company, valued at approximately $3,934,004.22. This represents a 4.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher Paisley sold 125 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was 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 owned 13,734 shares of the company’s stock, valued at $15,156,567.72. This trade represents a 0.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 968 shares of company stock valued at $1,007,885. 0.27% of the stock is owned by company insiders.

Equinix Company Profile

Equinix, Inc. is a global digital infrastructure company that operates data centers where businesses can house their computing and networking equipment. Its colocation services support organizations seeking secure, reliable facilities for their IT systems. The company also provides interconnection services that enable customers to connect with cloud providers, networks, business partners and one another. Its Equinix Fabric platform offers software-defined connectivity, while its xScale facilities are designed to serve large-scale cloud and technology companies.