Quantbot Technologies LP Raises Holdings in Equinix, Inc. (NASDAQ:EQIX)

Quantbot Technologies LP grew its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 1,159.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,034 shares of the financial services provider's stock after acquiring an additional 11,999 shares during the quarter. Equinix accounts for 0.5% of Quantbot Technologies LP's portfolio, making the stock its 22nd biggest holding. Quantbot Technologies LP's holdings in Equinix were worth $9,862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of EQIX. Vanguard Group Inc. increased its holdings in Equinix by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 12,503,989 shares of the financial services provider's stock worth $10,319,917,000 after buying an additional 238,815 shares in the last quarter. Cohen & Steers Inc. grew its stake in shares of Equinix by 0.5% in the fourth quarter. Cohen & Steers Inc. now owns 2,591,270 shares of the financial services provider's stock worth $2,087,096,000 after acquiring an additional 13,988 shares during the period. Principal Financial Group Inc. raised 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. Price T Rowe Associates Inc. MD boosted its holdings in Equinix by 3.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,391,567 shares of the financial services provider's stock worth $1,148,504,000 after purchasing an additional 47,795 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Equinix by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,333,992 shares of the financial services provider's stock worth $1,009,293,000 after purchasing an additional 19,844 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EQIX has been the topic of several research analyst reports. Barclays increased their price target on Equinix from $669.00 to $671.00 and gave the company an "equal weight" rating in a report on Thursday, May 30th. Mizuho upped their price target on shares of Equinix from $873.00 to $971.00 and gave the company an "outperform" rating in a research report on Thursday. Wells Fargo & Company raised shares of Equinix from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $825.00 to $875.00 in a report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Equinix from $880.00 to $910.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Finally, Truist Financial lifted their price target on shares of Equinix from $915.00 to $935.00 and gave the stock a "buy" rating in a research note on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Equinix has an average rating of "Moderate Buy" and a consensus price target of $883.71.

Equinix Stock Performance

Shares of NASDAQ EQIX traded up $5.03 during trading on Monday, reaching $876.57. 242,237 shares of the company traded hands, compared to its average volume of 545,419. The stock has a market cap of $83.19 billion, a P/E ratio of 87.42, a PEG ratio of 2.11 and a beta of 0.71. The firm's fifty day simple moving average is $811.47 and its 200 day simple moving average is $792.85. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.26. Equinix, Inc. has a 12-month low of $677.80 and a 12-month high of $914.93.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly 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). The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. Equinix had a net margin of 12.24% and a return on equity of 8.46%. The company's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.04 earnings per share. As a group, research analysts anticipate that Equinix, Inc. will post 31.01 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st will be given a dividend of $4.26 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $17.04 annualized dividend and a yield of 1.94%. Equinix's dividend payout ratio is presently 170.91%.

Insider Buying and Selling at Equinix

In other news, insider Meredith Williamson sold 576 shares of the firm's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $824.19, for a total transaction of $474,733.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Meredith Williamson sold 576 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $824.19, for a total transaction of $474,733.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Earl Campbell sold 600 shares of the business's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $816.73, for a total transaction of $490,038.00. Following the completion of the sale, the insider now owns 14,800 shares in the company, valued at $12,087,604. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,043 shares of company stock valued at $8,282,119. Corporate insiders own 0.27% of the company's stock.

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.