Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Caprock Group LLC

Caprock Group LLC lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 9.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,771 shares of the financial services provider’s stock after selling 178 shares during the quarter. Caprock Group LLC’s holdings in Equinix were worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Equinix by 1.9% during 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 purchasing an additional 238,815 shares in the last quarter. Cohen & Steers Inc. boosted its stake in shares of Equinix by 0.5% in the 4th quarter. Cohen & Steers Inc. now owns 2,591,270 shares of the financial services provider’s stock valued at $2,087,096,000 after buying an additional 13,988 shares during the period. Norges Bank acquired a new position in shares of Equinix during the fourth quarter worth about $1,574,132,000. Principal Financial Group Inc. increased its stake 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 worth $1,428,606,000 after buying an additional 238,883 shares during the period. Finally, Price T Rowe Associates Inc. MD raised 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 valued at $1,148,504,000 after acquiring an additional 47,795 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank of Canada lowered their price target on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a report on Tuesday, May 28th. Barclays increased their target price on Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Wells Fargo & Company upgraded Equinix from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $825.00 to $875.00 in a research note on Tuesday, July 23rd. The Goldman Sachs Group began coverage on Equinix in a research report on Monday, July 1st. They set a “buy” rating and a $870.00 price objective for the company. Finally, Mizuho began coverage on Equinix in a research report on Thursday, July 11th. They set an “outperform” rating and a $873.00 target price on the stock. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Equinix has an average rating of “Moderate Buy” and a consensus price target of $876.71.

Equinix Stock Up 1.7 %

EQIX stock opened at $831.80 on Tuesday. Equinix, Inc. has a 12 month low of $677.80 and a 12 month high of $914.93. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $78.97 billion, a price-to-earnings ratio of 83.43, a price-to-earnings-growth ratio of 1.99 and a beta of 0.71. The company has a fifty day moving average price of $802.19 and a 200 day moving average price of $793.22.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share for the quarter, missing the consensus estimate of $7.88 by ($4.72). Equinix had a return on equity of 8.46% and a net margin of 12.24%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the company posted $8.04 EPS. Equinix’s quarterly revenue was up 6.9% on a year-over-year basis. Sell-side analysts expect that Equinix, Inc. will post 31.01 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st will be paid a $4.26 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $17.04 annualized dividend and a dividend yield of 2.05%. Equinix’s dividend payout ratio (DPR) is currently 170.91%.

Insider Activity

In other Equinix news, insider Meredith Williamson sold 576 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total transaction of $474,733.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Equinix news, insider Meredith Williamson sold 576 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total transaction of $474,733.44. 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 company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total transaction of $467,097.79. Following the transaction, the chief accounting officer now directly owns 5,554 shares in the company, valued at $4,559,334.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,179 shares of company stock valued at $7,547,719. Company insiders own 0.27% of the company’s stock.

Equinix 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.