Equinix, Inc. $EQIX Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,671 shares of the financial services provider’s stock after selling 4,081 shares during the quarter. Natixis Advisors LLC’s holdings in Equinix were worth $37,338,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Quent Capital LLC grew its position in Equinix by 4.2% in the 3rd quarter. Quent Capital LLC now owns 298 shares of the financial services provider’s stock valued at $233,000 after buying an additional 12 shares in the last quarter. Flputnam Investment Management Co. raised its position in shares of Equinix by 1.0% during the 3rd quarter. Flputnam Investment Management Co. now owns 1,295 shares of the financial services provider’s stock worth $1,014,000 after buying an additional 13 shares in the last quarter. Paragon Private Wealth Management LLC lifted its stake in shares of Equinix by 2.7% in the 3rd quarter. Paragon Private Wealth Management LLC now owns 495 shares of the financial services provider’s stock worth $388,000 after acquiring an additional 13 shares during the period. Cornerstone Planning Group LLC boosted its holdings in shares of Equinix by 40.6% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 13 shares in the last quarter. Finally, AE Wealth Management LLC increased its stake in shares of Equinix by 5.6% during the second quarter. AE Wealth Management LLC now owns 262 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 14 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Up 0.8%

NASDAQ EQIX opened at $944.91 on Tuesday. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $992.90. The company has a market capitalization of $92.84 billion, a P/E ratio of 68.72, a PEG ratio of 2.41 and a beta of 1.04. The company’s 50 day simple moving average is $855.68 and its 200 day simple moving average is $808.90. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.32 and a quick ratio of 1.32.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, February 11th. The financial services provider reported $8.91 earnings per share for the quarter, missing analysts’ consensus estimates of $9.07 by ($0.16). The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.46 billion. Equinix had a return on equity of 9.60% and a net margin of 14.65%.The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.92 earnings per share. Equities research analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders 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 dividend yield of 2.2%. This is a boost from Equinix’s previous quarterly dividend of $4.69. Equinix’s dividend payout ratio is 150.11%.

Insider Buying and Selling at Equinix

In related news, EVP Raouf Abdel sold 927 shares of Equinix stock in a transaction on Friday, January 16th. The stock was sold at an average price of $801.78, for a total value of $743,250.06. Following the transaction, the executive vice president directly owned 7,337 shares in the company, valued at $5,882,659.86. The trade was a 11.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Adaire Fox-Martin sold 2,670 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $804.08, for a total value of $2,146,893.60. Following the sale, the chief executive officer directly owned 14,857 shares in the company, valued at $11,946,216.56. This trade represents a 15.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 13,602 shares of company stock worth $11,369,645. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. TD Cowen reissued a “buy” rating on shares of Equinix in a report on Thursday, February 12th. Truist Financial increased their price target on Equinix from $973.00 to $1,087.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. BMO Capital Markets lifted their price target on Equinix from $925.00 to $1,050.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Scotiabank reissued an “outperform” rating on shares of Equinix in a research note on Thursday, February 12th. Finally, Citigroup restated a “buy” rating on shares of Equinix in a report on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,006.91.

About Equinix

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.