Equinix, Inc. $EQIX Shares Acquired by Candriam S.C.A.

Candriam S.C.A. boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 15.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,993 shares of the financial services provider’s stock after acquiring an additional 6,236 shares during the period. Candriam S.C.A.’s holdings in Equinix were worth $46,696,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Uhlmann Price Securities LLC lifted its position in Equinix by 258.3% during the 3rd quarter. Uhlmann Price Securities LLC now owns 1,899 shares of the financial services provider’s stock valued at $1,921,000 after purchasing an additional 1,369 shares during the period. Ethic Inc. boosted its stake in shares of Equinix by 4.1% in the 3rd quarter. Ethic Inc. now owns 11,865 shares of the financial services provider’s stock valued at $12,003,000 after purchasing an additional 468 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Equinix by 31.5% in the 3rd quarter. Pictet Asset Management Holding SA now owns 313,578 shares of the financial services provider’s stock valued at $317,219,000 after purchasing an additional 75,135 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Equinix by 13.5% during the 3rd quarter. Parallel Advisors LLC now owns 2,877 shares of the financial services provider’s stock worth $2,910,000 after buying an additional 343 shares during the period. Finally, Alps Advisors Inc. grew its position in shares of Equinix by 4.1% during the 3rd quarter. Alps Advisors Inc. now owns 6,998 shares of the financial services provider’s stock worth $7,079,000 after buying an additional 277 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Performance

Shares of EQIX stock opened at $1,012.71 on Friday. The stock has a market cap of $99.92 billion, a PE ratio of 60.82, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. The stock has a 50-day moving average of $1,016.72 and a 200-day moving average of $1,013.32. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.29 and a quick ratio of 1.29. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $4.93 earnings per share for the quarter, topping the consensus estimate of $4.11 by $0.82. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Equinix had a net margin of 16.38% and a return on equity of 11.49%. Equinix’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $9.83 EPS. As a group, sell-side analysts expect that Equinix, Inc. will post 39.01 earnings per share for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, November 18th will be issued a $5.16 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $20.64 annualized dividend and a yield of 2.0%. Equinix’s dividend payout ratio (DPR) is 123.96%.

Insider Transactions at Equinix

In other news, Director Christopher Paisley sold 125 shares of Equinix stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the transaction, the director directly owned 13,734 shares of the company’s stock, valued at $15,156,567.72. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the completion of the transaction, the insider directly owned 2,450 shares of the company’s stock, valued at $2,535,774.50. This trade represents a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 770 shares of company stock valued at $807,077 over the last three months. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EQIX. Rothschild & Co Redburn assumed coverage on shares of Equinix in a research note on Monday, September 21st. They set a “buy” rating and a $1,261.00 price target for the company. Sanford C. Bernstein increased their price objective on shares of Equinix from $1,222.00 to $1,270.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Guggenheim reaffirmed a “buy” rating and issued a $1,235.00 price objective on shares of Equinix in a research note on Tuesday, October 20th. The Goldman Sachs Group lifted their target price on shares of Equinix from $1,015.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Finally, Mizuho set a $1,275.00 target price on shares of Equinix in a research report on Thursday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,234.13.

Equinix Company Profile