Choreo LLC Buys 1,809 Shares of Equinix, Inc. (NASDAQ:EQIX)

Choreo LLC increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 685.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,073 shares of the financial services provider’s stock after acquiring an additional 1,809 shares during the period. Choreo LLC’s holdings in Equinix were worth $1,575,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Cypress Capital Group raised its stake in shares of Equinix by 2.3% during the 2nd quarter. Cypress Capital Group now owns 575 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 13 shares in the last quarter. MRA Advisory Group lifted its stake in Equinix by 3.2% in the second quarter. MRA Advisory Group now owns 419 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 13 shares during the last quarter. Lindbrook Capital LLC grew its position in shares of Equinix by 3.0% in the 1st quarter. Lindbrook Capital LLC now owns 487 shares of the financial services provider’s stock valued at $402,000 after acquiring an additional 14 shares during the period. Banco Santander S.A. grew its position in shares of Equinix by 2.0% in the 1st quarter. Banco Santander S.A. now owns 699 shares of the financial services provider’s stock valued at $577,000 after acquiring an additional 14 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Equinix by 0.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,205 shares of the financial services provider’s stock worth $2,645,000 after purchasing an additional 15 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of Equinix from $859.00 to $865.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Barclays boosted their target price on Equinix from $669.00 to $671.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. Wells Fargo & Company raised 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 report on Tuesday, July 23rd. Finally, The Goldman Sachs Group started coverage on shares of Equinix in a research report on Monday, July 1st. They set a “buy” rating and a $870.00 price objective for the company. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Equinix has an average rating of “Moderate Buy” and a consensus target price of $876.71.

Insider Buying and Selling at Equinix

In related news, insider Brandi Galvin Morandi sold 864 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total transaction of $734,400.00. Following the sale, the insider now owns 9,094 shares in the company, valued at approximately $7,729,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Brandi Galvin Morandi sold 864 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total value of $734,400.00. Following the sale, the insider now directly owns 9,094 shares of the company’s stock, valued at $7,729,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott Crenshaw sold 1,107 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $815.60, for a total value of $902,869.20. Following the transaction, the executive vice president now directly owns 4 shares of the company’s stock, valued at approximately $3,262.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,043 shares of company stock valued at $8,282,119 in the last ninety days. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Up 0.3 %

NASDAQ EQIX opened at $867.70 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.26. The company has a market cap of $82.35 billion, a price-to-earnings ratio of 87.03, a PEG ratio of 1.99 and a beta of 0.71. The company has a 50 day moving average of $806.73 and a 200-day moving average of $793.62. Equinix, Inc. has a 1-year low of $677.80 and a 1-year high of $914.93.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data 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). The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. Equinix had a net margin of 12.24% and a return on equity of 8.46%. Equinix’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $8.04 earnings per share. On average, equities research analysts expect that Equinix, Inc. will post 31.01 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $4.26 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $17.04 dividend on an annualized basis and a yield of 1.96%. Equinix’s payout ratio is 170.91%.

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.