Quilter Plc Buys 10,548 Shares of Equinix, Inc. (NASDAQ:EQIX)

Quilter Plc lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 22.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,920 shares of the financial services provider's stock after purchasing an additional 10,548 shares during the period. Quilter Plc owned about 0.06% of Equinix worth $43,822,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Equinix by 1.9% in the first quarter. Vanguard Group Inc. now owns 12,503,989 shares of the financial services provider's stock valued at $10,319,917,000 after buying an additional 238,815 shares during the last quarter. Cohen & Steers Inc. grew its holdings in shares of Equinix by 0.5% during the fourth quarter. Cohen & Steers Inc. now owns 2,591,270 shares of the financial services provider's stock valued at $2,087,096,000 after purchasing an additional 13,988 shares during the last quarter. Norges Bank bought a new position in shares of Equinix during the fourth quarter valued at approximately $1,574,132,000. Principal Financial Group Inc. grew its holdings in shares of Equinix by 14.5% during the second quarter. Principal Financial Group Inc. now owns 1,888,191 shares of the financial services provider's stock valued at $1,428,606,000 after purchasing an additional 238,883 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Equinix by 3.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,391,567 shares of the financial services provider's stock valued at $1,148,504,000 after purchasing an additional 47,795 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Up 0.3 %

NASDAQ:EQIX traded up $2.73 during trading hours on Friday, reaching $871.54. The company had a trading volume of 282,044 shares, compared to its average volume of 547,132. 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 firm has a market cap of $82.74 billion, a price-to-earnings ratio of 87.42, a P/E/G ratio of 2.11 and a beta of 0.71. The business's 50-day simple moving average is $811.47 and its two-hundred day simple moving average is $792.85. Equinix, Inc. has a twelve month low of $677.80 and a twelve month high of $914.93.

Equinix (NASDAQ:EQIX - Get Free Report) last released 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). Equinix had a net margin of 12.24% and a return on equity of 8.46%. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the business posted $8.04 earnings per share. The firm's quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that Equinix, Inc. will post 31.01 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 21st will be paid a $4.26 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $17.04 annualized dividend and a dividend yield of 1.96%. Equinix's payout ratio is 170.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Royal Bank of Canada lowered their target price on Equinix from $950.00 to $922.00 and set an "outperform" rating for the company in a report on Tuesday, May 28th. TD Cowen upped their target price on Equinix from $859.00 to $865.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Wells Fargo & Company raised Equinix from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $825.00 to $875.00 in a report on Tuesday, July 23rd. Barclays increased their price objective on Equinix from $669.00 to $671.00 and gave the stock an "equal weight" rating in a report on Thursday, May 30th. Finally, Deutsche Bank Aktiengesellschaft increased 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. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $883.71.

Insider Transactions at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 864 shares of Equinix stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total transaction of $734,400.00. Following the completion of the sale, the insider now directly owns 9,094 shares in the company, valued at $7,729,900. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other 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 completion of the sale, the insider now directly owns 9,094 shares in the company, valued at approximately $7,729,900. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jonathan Lin sold 93 shares of the 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 sale, the executive vice president now directly owns 7,141 shares of the company's stock, valued at approximately $5,862,689.59. The disclosure for this sale can be found here. Insiders sold 10,043 shares of company stock worth $8,282,119 over the last quarter. Corporate insiders own 0.27% of the company's stock.

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.