771 Shares in Equinix, Inc. (NASDAQ:EQIX) Bought by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC purchased a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 771 shares of the financial services provider’s stock, valued at approximately $583,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQIX. Bank of Nova Scotia lifted its position in shares of Equinix by 33.7% during the fourth quarter. Bank of Nova Scotia now owns 11,915 shares of the financial services provider’s stock worth $9,596,000 after purchasing an additional 3,003 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Equinix by 4.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 75,927 shares of the financial services provider’s stock valued at $61,151,000 after buying an additional 3,358 shares during the last quarter. NEOS Investment Management LLC grew its stake in shares of Equinix by 74.2% during the fourth quarter. NEOS Investment Management LLC now owns 1,324 shares of the financial services provider’s stock valued at $1,066,000 after acquiring an additional 564 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in shares of Equinix by 20.5% in the fourth quarter. Rafferty Asset Management LLC now owns 12,591 shares of the financial services provider’s stock worth $10,141,000 after acquiring an additional 2,142 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its holdings in Equinix by 4.8% in the fourth quarter. Peapack Gladstone Financial Corp now owns 13,412 shares of the financial services provider’s stock valued at $10,802,000 after purchasing an additional 613 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Equinix

In other Equinix news, insider Meredith Williamson sold 576 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $824.19, for a total value of $474,733.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Brandi Galvin Morandi sold 864 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total value of $734,400.00. Following the sale, the insider now directly owns 9,094 shares in the company, valued at approximately $7,729,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Meredith Williamson sold 576 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total transaction of $474,733.44. The disclosure for this sale can be found here. Insiders have sold 10,043 shares of company stock worth $8,282,119 over the last quarter. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EQIX has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of Equinix from $915.00 to $935.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Wells Fargo & Company upgraded Equinix from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $825.00 to $875.00 in a research note on Tuesday, July 23rd. Cfra reiterated a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft boosted their price target on Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Finally, Mizuho raised their price objective on Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $891.57.

Equinix Stock Up 0.6 %

Shares of Equinix stock opened at $887.63 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.22 and a quick ratio of 1.22. Equinix, Inc. has a 1-year low of $677.80 and a 1-year high of $914.93. The business’s fifty day moving average price is $830.58 and its two-hundred day moving average price is $791.58. The company has a market capitalization of $84.24 billion, a P/E ratio of 89.03, a PEG ratio of 2.15 and a beta of 0.71.

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

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 21st were issued a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Wednesday, August 21st. Equinix’s dividend payout ratio (DPR) is presently 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.