Czech National Bank Boosts Stake in Equinix, Inc. (NASDAQ:EQIX)

Czech National Bank grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,341 shares of the financial services provider’s stock after buying an additional 1,256 shares during the period. Czech National Bank’s holdings in Equinix were worth $17,168,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EQIX. Appleton Partners Inc. MA raised its holdings in shares of Equinix by 0.8% in the 3rd quarter. Appleton Partners Inc. MA now owns 15,456 shares of the financial services provider’s stock worth $13,719,000 after purchasing an additional 121 shares during the period. Mattson Financial Services LLC acquired a new stake in Equinix during the 2nd quarter valued at $1,195,000. Cavalry Management Group LLC purchased a new stake in Equinix during the 2nd quarter worth $199,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Equinix by 14.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 5,121 shares of the financial services provider’s stock valued at $3,875,000 after buying an additional 655 shares during the last quarter. Finally, Heritage Wealth Management Inc. acquired a new stake in shares of Equinix during the second quarter valued at about $547,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on EQIX shares. Evercore ISI raised Equinix to a “strong-buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. TD Cowen raised their price objective on shares of Equinix from $859.00 to $865.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Wells Fargo & Company upgraded shares of Equinix from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $825.00 to $875.00 in a research note on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $903.80.

Equinix Stock Performance

EQIX stock traded up $0.66 during trading on Friday, reaching $876.88. 236,751 shares of the company’s stock were exchanged, compared to its average volume of 539,451. Equinix, Inc. has a 1-year low of $677.80 and a 1-year high of $914.93. The firm has a market cap of $83.22 billion, a PE ratio of 87.95, a P/E/G ratio of 2.15 and a beta of 0.71. The company’s fifty day moving average price is $838.25 and its 200-day moving average price is $793.17. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.26.

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

Equinix Dividend Announcement

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

Insider Buying and Selling at Equinix

In other news, CAO Simon Miller sold 569 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now owns 5,554 shares in the company, valued at $4,559,334.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Equinix news, CAO Simon Miller sold 569 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $4,559,334.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brandi Galvin Morandi sold 864 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $7,729,900. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,043 shares of company stock valued at $8,282,119. 0.27% of the stock is owned by corporate insiders.

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.