Equinix, Inc. $EQIX Position Lowered by Natixis Advisors LLC

Natixis Advisors LLC trimmed its position in Equinix, Inc. (NASDAQ:EQIX) by 7.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,671 shares of the financial services provider’s stock after selling 4,081 shares during the period. Natixis Advisors LLC’s holdings in Equinix were worth $37,338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EQIX. Ameriflex Group Inc. lifted its holdings in Equinix by 433.3% during the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after buying an additional 26 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Equinix in the 2nd quarter worth approximately $26,000. Abound Wealth Management increased its holdings in shares of Equinix by 209.1% in the 3rd quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 23 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Equinix during the 2nd quarter valued at approximately $28,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Equinix during the 3rd quarter valued at approximately $37,000. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Adaire Fox-Martin sold 2,670 shares of Equinix stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $804.08, for a total transaction of $2,146,893.60. Following the sale, the chief executive officer owned 14,857 shares of the company’s stock, valued at approximately $11,946,216.56. The trade was a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jonathan Lin sold 888 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $801.78, for a total value of $711,980.64. Following the transaction, the insider owned 9,390 shares of the company’s stock, valued at approximately $7,528,714.20. This represents a 8.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,602 shares of company stock valued at $11,369,645 in the last ninety days. Insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group lifted their price objective on shares of Equinix from $950.00 to $1,010.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. raised their price target on shares of Equinix from $950.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Barclays reaffirmed a “positive” rating and issued a $870.00 price target on shares of Equinix in a report on Tuesday, January 13th. Zacks Research cut shares of Equinix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Jefferies Financial Group lifted their target price on Equinix from $950.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,006.91.

Equinix Stock Performance

EQIX stock opened at $944.91 on Tuesday. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $992.90. The stock has a market capitalization of $92.84 billion, a price-to-earnings ratio of 68.72, a PEG ratio of 2.41 and a beta of 1.04. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s fifty day moving average is $855.68 and its two-hundred day moving average is $808.90.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $8.91 EPS for the quarter, missing the consensus estimate of $9.07 by ($0.16). Equinix had a return on equity of 9.60% and a net margin of 14.65%.The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the company posted $7.92 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. On average, research analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be given a $5.16 dividend. This is a positive change from Equinix’s previous quarterly dividend of $4.69. The ex-dividend date is Wednesday, February 25th. This represents a $20.64 annualized dividend and a yield of 2.2%. Equinix’s payout ratio is currently 150.11%.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.