Candriam S.C.A. Acquires 6,236 Shares of Equinix, Inc. $EQIX

Candriam S.C.A. boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 15.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 45,993 shares of the financial services provider’s stock after buying an additional 6,236 shares during the period. Candriam S.C.A.’s holdings in Equinix were worth $46,696,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. BTIG Research upped their price target on shares of Equinix from $1,210.00 to $1,240.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. JPMorgan Chase & Co. raised their target price on Equinix from $1,300.00 to $1,350.00 and gave the company an “overweight” rating in a report on Thursday, October 29th. Royal Bank Of Canada lifted their price target on Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Scotiabank reissued a “sector perform” rating and set a $1,208.00 price target on shares of Equinix in a report on Thursday, July 30th. Finally, UBS Group increased their price objective on shares of Equinix from $1,210.00 to $1,265.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and an average target price of $1,234.13.

Equinix Trading Up 1.5%

NASDAQ EQIX opened at $1,012.71 on Friday. The company has a market cap of $99.92 billion, a price-to-earnings ratio of 60.82, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.59. The business’s fifty day moving average is $1,016.72 and its 200 day moving average is $1,013.32.

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

Equinix Announces Dividend

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

Insider Transactions at Equinix

In other news, insider Kurt Pletcher sold 135 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total value of $145,192.50. Following the completion of the transaction, the insider owned 4,077 shares of the company’s stock, valued at $4,384,813.50. This represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher Paisley sold 125 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 13,734 shares of the company’s stock, valued at approximately $15,156,567.72. This trade represents a 0.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 770 shares of company stock worth $807,077. Insiders own 0.27% of the company’s stock.

Equinix Profile