Equinix, Inc. (NASDAQ:EQIX) Stock Holdings Boosted by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 1,986.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 18,782 shares of the financial services provider’s stock after acquiring an additional 17,882 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Equinix were worth $14,210,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Scientech Research LLC bought a new position in shares of Equinix during the second quarter worth about $1,845,000. Liberty Mutual Group Asset Management Inc. grew its position in shares of Equinix by 45.3% during the second quarter. Liberty Mutual Group Asset Management Inc. now owns 14,634 shares of the financial services provider’s stock worth $11,072,000 after acquiring an additional 4,560 shares during the last quarter. Lighthouse Investment Partners LLC grew its position in Equinix by 499.6% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 27,631 shares of the financial services provider’s stock valued at $20,906,000 after buying an additional 23,023 shares in the last quarter. Makena Capital Management LLC bought a new position in Equinix in the 2nd quarter valued at about $12,882,000. Finally, The Manufacturers Life Insurance Company grew its position in Equinix by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 66,486 shares of the financial services provider’s stock valued at $50,303,000 after buying an additional 432 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Equinix

In other news, CAO Simon Miller sold 569 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total value of $467,097.79. Following the completion of the sale, the chief accounting officer now directly owns 5,554 shares of the company’s stock, valued at $4,559,334.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Simon Miller sold 569 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total value of $467,097.79. Following the transaction, the chief accounting officer now owns 5,554 shares in the company, valued at $4,559,334.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott Crenshaw sold 1,107 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $815.60, for a total value of $902,869.20. Following the completion of the transaction, the executive vice president now owns 4 shares in the company, valued at approximately $3,262.40. The disclosure for this sale can be found here. Insiders sold 10,043 shares of company stock valued at $8,282,119 over the last three months. 0.27% of the stock is owned by corporate insiders.

Equinix Price Performance

EQIX stock opened at $882.69 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.26. Equinix, Inc. has a one year low of $677.80 and a one year high of $914.93. The firm has a market capitalization of $83.77 billion, a PE ratio of 88.53, a P/E/G ratio of 2.15 and a beta of 0.71. The firm has a 50-day moving average of $826.88 and a two-hundred day moving average of $792.72.

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

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders 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 1.93%. The ex-dividend date of this dividend was Wednesday, August 21st. Equinix’s dividend payout ratio (DPR) is 170.91%.

Analyst Ratings Changes

EQIX has been the subject of a number of recent analyst reports. TD Cowen increased their target price on shares of Equinix from $859.00 to $865.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Wells Fargo & Company upgraded shares of Equinix from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $825.00 to $875.00 in a research report on Tuesday, July 23rd. Truist Financial increased their target price on shares of Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Cfra reiterated a “hold” rating on shares of Equinix in a research report on Tuesday. Finally, The Goldman Sachs Group raised their price objective on shares of Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $891.57.

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.