Veracity Capital LLC Invests $206,000 in Equinix, Inc. (NASDAQ:EQIX)

Veracity Capital LLC bought a new stake in Equinix, Inc. (NASDAQ:EQIX) in the third quarter, HoldingsChannel reports. The fund bought 232 shares of the financial services provider’s stock, valued at approximately $206,000.

Several other hedge funds have also modified their holdings of the stock. Verde Capital Management boosted its holdings in Equinix by 12.3% in the 3rd quarter. Verde Capital Management now owns 1,972 shares of the financial services provider’s stock worth $1,750,000 after acquiring an additional 216 shares during the period. Slow Capital Inc. lifted its position in shares of Equinix by 2.3% during the third quarter. Slow Capital Inc. now owns 4,584 shares of the financial services provider’s stock worth $4,069,000 after purchasing an additional 102 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Equinix by 350.8% in the third quarter. Blue Trust Inc. now owns 2,069 shares of the financial services provider’s stock valued at $1,837,000 after purchasing an additional 1,610 shares during the period. Vert Asset Management LLC grew its holdings in Equinix by 1.5% during the 3rd quarter. Vert Asset Management LLC now owns 23,319 shares of the financial services provider’s stock valued at $20,699,000 after purchasing an additional 343 shares in the last quarter. Finally, Stratos Investment Management LLC purchased a new stake in Equinix during the 3rd quarter worth $214,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Wells Fargo & Company increased their price target on Equinix from $875.00 to $975.00 and gave the company an “overweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted 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. JPMorgan Chase & Co. lifted their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Finally, HSBC raised shares of Equinix from a “hold” rating to a “buy” rating and increased their price target for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $914.36.

Insider Buying and Selling

In other Equinix news, Chairman Charles J. Meyers sold 6,234 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the transaction, the chairman now owns 7,680 shares of the company’s stock, valued at approximately $6,328,089.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Equinix news, Chairman Charles J. Meyers sold 6,234 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the completion of the transaction, the chairman now directly owns 7,680 shares of the company’s stock, valued at approximately $6,328,089.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Simon Miller sold 569 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total value of $467,097.79. Following the completion of the sale, the chief accounting officer now directly owns 5,554 shares in the company, valued at $4,559,334.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,043 shares of company stock valued at $8,282,119 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Up 0.7 %

EQIX stock opened at $895.20 on Monday. The stock has a market cap of $84.96 billion, a PE ratio of 89.79, a price-to-earnings-growth ratio of 2.13 and a beta of 0.71. The firm’s 50-day simple moving average is $855.35 and its 200 day simple moving average is $797.63. Equinix, Inc. has a fifty-two week low of $677.80 and a fifty-two week high of $914.93. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.26.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the firm posted $8.04 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts predict that Equinix, Inc. will post 31.01 EPS for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st were paid a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Wednesday, August 21st. Equinix’s dividend payout ratio is currently 170.91%.

About Equinix

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.