Sequoia Financial Advisors LLC Purchases 354 Shares of Equinix, Inc. (NASDAQ:EQIX)

Sequoia Financial Advisors LLC grew its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 21.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,025 shares of the financial services provider’s stock after buying an additional 354 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Equinix were worth $1,798,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of EQIX. Sunbelt Securities Inc. raised its holdings in shares of Equinix by 7,355.6% in the first quarter. Sunbelt Securities Inc. now owns 671 shares of the financial services provider’s stock valued at $553,000 after buying an additional 662 shares during the last quarter. OneAscent Wealth Management LLC lifted its position in shares of Equinix by 31.8% during the first quarter. OneAscent Wealth Management LLC now owns 464 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 112 shares in the last quarter. OneAscent Financial Services LLC lifted its position in shares of Equinix by 19.8% during the first quarter. OneAscent Financial Services LLC now owns 703 shares of the financial services provider’s stock worth $580,000 after purchasing an additional 116 shares in the last quarter. Vicus Capital bought a new stake in shares of Equinix during the first quarter valued at approximately $210,000. Finally, Founders Financial Securities LLC increased its holdings in shares of Equinix by 6.4% in the first quarter. Founders Financial Securities LLC now owns 677 shares of the financial services provider’s stock valued at $559,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Transactions at Equinix

In related news, EVP Jonathan Lin sold 93 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.99, for a total value of $76,352.07. Following the completion of the transaction, the executive vice president now directly owns 7,141 shares of the company’s stock, valued at approximately $5,862,689.59. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Brandi Galvin Morandi sold 864 shares of the business’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 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan Lin sold 93 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.99, for a total transaction of $76,352.07. Following the completion of the transaction, the executive vice president now directly owns 7,141 shares of the company’s stock, valued at approximately $5,862,689.59. This trade represents a 0.00 % decrease in their position. 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 quarter. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

EQIX opened at $895.76 on Friday. The stock has a market cap of $85.01 billion, a P/E ratio of 89.85, a P/E/G ratio of 2.13 and a beta of 0.71. Equinix, Inc. has a 12 month low of $677.80 and a 12 month high of $914.93. 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 company has a fifty day simple moving average of $858.53 and a 200 day simple moving average of $799.63.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results 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). Equinix had a return on equity of 8.46% and a net margin of 12.24%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the business earned $8.04 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts expect that Equinix, Inc. will post 31.01 EPS 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 issued a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Wednesday, August 21st. Equinix’s dividend payout ratio (DPR) is presently 170.91%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EQIX. Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Mizuho raised their price target on Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. TD Cowen raised their target price on shares of Equinix from $859.00 to $865.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Wells Fargo & Company lifted their price target on shares of Equinix from $875.00 to $975.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $918.40.

Equinix 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.