10,117 Shares in Equinix, Inc. (NASDAQ:EQIX) Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC bought a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,117 shares of the financial services provider's stock, valued at approximately $8,980,000.

Several other hedge funds also recently modified their holdings of EQIX. Norden Group LLC acquired a new stake in shares of Equinix during the first quarter worth about $216,000. Private Advisor Group LLC lifted its stake in shares of Equinix by 5.6% during the 1st quarter. Private Advisor Group LLC now owns 931 shares of the financial services provider's stock worth $769,000 after buying an additional 49 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Equinix in the 1st quarter valued at $804,000. Larson Financial Group LLC increased its position in Equinix by 214.3% during the first quarter. Larson Financial Group LLC now owns 66 shares of the financial services provider's stock worth $54,000 after acquiring an additional 45 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Equinix by 16.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,826 shares of the financial services provider's stock valued at $8,935,000 after buying an additional 1,501 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BMO Capital Markets increased their price target on Equinix from $975.00 to $1,020.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on Equinix from $950.00 to $975.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. TD Cowen lifted their price target on Equinix from $865.00 to $984.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Truist Financial boosted their price target on shares of Equinix from $915.00 to $935.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Finally, The Goldman Sachs Group increased their target price on shares of Equinix from $870.00 to $980.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $944.63.

Insider Buying and Selling at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 863 shares of the business's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $915.00, for a total transaction of $789,645.00. Following the completion of the sale, the insider now owns 8,231 shares of the company's stock, valued at approximately $7,531,365. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Brandi Galvin Morandi sold 863 shares of Equinix stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $915.00, for a total value of $789,645.00. Following the sale, the insider now directly owns 8,231 shares in the company, valued at $7,531,365. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Simon Miller sold 569 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer now directly owns 5,554 shares in the company, valued at $4,559,334.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,632 shares of company stock worth $10,633,777. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Up 1.7 %

Shares of NASDAQ:EQIX traded up $15.48 during trading on Friday, hitting $923.22. The company's stock had a trading volume of 297,865 shares, compared to its average volume of 527,304. The company has a market capitalization of $89.08 billion, a PE ratio of 81.85, a P/E/G ratio of 2.15 and a beta of 0.71. The business has a 50 day moving average price of $874.46 and a two-hundred day moving average price of $809.55. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $943.02. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $3.16 EPS for the quarter, missing the consensus estimate of $7.88 by ($4.72). Equinix had a return on equity of 8.34% and a net margin of 12.29%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the firm earned $8.04 EPS. The company's quarterly revenue was up 6.9% on a year-over-year basis. As a group, 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 will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be issued a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix's dividend payout ratio (DPR) is 153.65%.

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.