Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. lowered its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,928 shares of the financial services provider’s stock after selling 128 shares during the period. Goelzer Investment Management Inc.’s holdings in Equinix were worth $3,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EQIX. CNB Bank increased its stake in Equinix by 172.7% during the first quarter. CNB Bank now owns 30 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 19 shares during the last quarter. LRI Investments LLC purchased a new stake in Equinix in the 1st quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Equinix in the second quarter valued at about $30,000. Rise Advisors LLC purchased a new position in Equinix during the first quarter worth about $39,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Equinix during the second quarter valued at about $36,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EQIX shares. Cfra restated a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. HSBC upgraded Equinix from a “hold” rating to a “buy” rating and raised their price target for the stock from $865.00 to $1,000.00 in a research report on Friday. Mizuho lifted their price objective on Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. The Goldman Sachs Group increased their target price on Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, TD Cowen raised their target price on Equinix from $859.00 to $865.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $903.80.

Insider Buying and Selling

In related news, insider Brandi Galvin Morandi sold 864 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total value of $734,400.00. Following the completion of the sale, the insider now directly owns 9,094 shares of the company’s stock, valued at $7,729,900. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Equinix news, EVP Scott Crenshaw sold 1,107 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $815.60, for a total transaction of $902,869.20. Following the transaction, the executive vice president now directly owns 4 shares of the company’s stock, valued at approximately $3,262.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brandi Galvin Morandi sold 864 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total transaction of $734,400.00. Following the completion of the sale, the insider now directly owns 9,094 shares of the company’s stock, valued at $7,729,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,043 shares of company stock worth $8,282,119 in the last ninety days. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Up 0.1 %

Equinix stock traded up $0.66 during midday trading on Friday, reaching $876.88. The company’s stock had a trading volume of 236,751 shares, compared to its average volume of 539,451. The company has a market cap of $83.22 billion, a P/E ratio of 87.95, a P/E/G ratio of 2.15 and a beta of 0.71. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.26. The business has a 50-day simple moving average of $838.25 and a 200-day simple moving average of $793.17. Equinix, Inc. has a fifty-two week low of $677.80 and a fifty-two week high of $914.93.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share for the quarter, missing the consensus estimate of $7.88 by ($4.72). The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Equinix had a return on equity of 8.46% and a net margin of 12.24%. Equinix’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.04 EPS. On average, research analysts expect that Equinix, Inc. will post 31.01 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st were given a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, August 21st. Equinix’s dividend payout ratio (DPR) is 170.91%.

Equinix Company 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.