Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. decreased its position in Equinix, Inc. (NASDAQ:EQIX) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,695 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Equinix were worth $21,710,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ieq Capital LLC raised its stake in Equinix by 4.8% in the 2nd quarter. Ieq Capital LLC now owns 3,667 shares of the financial services provider’s stock valued at $2,774,000 after purchasing an additional 169 shares during the last quarter. Brighton Jones LLC acquired a new position in Equinix in the 2nd quarter valued at about $202,000. Intech Investment Management LLC raised its stake in Equinix by 340.0% in the 2nd quarter. Intech Investment Management LLC now owns 7,190 shares of the financial services provider’s stock valued at $5,440,000 after purchasing an additional 5,556 shares during the last quarter. Foresight Group Ltd Liability Partnership raised its stake in Equinix by 54.3% in the 2nd quarter. Foresight Group Ltd Liability Partnership now owns 31,067 shares of the financial services provider’s stock valued at $23,505,000 after purchasing an additional 10,934 shares during the last quarter. Finally, Kentucky Retirement Systems raised its stake in Equinix by 0.3% in the 2nd quarter. Kentucky Retirement Systems now owns 7,152 shares of the financial services provider’s stock valued at $5,411,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Performance

Equinix stock opened at $870.99 on Friday. The stock’s 50 day moving average price is $818.98 and its 200 day moving average price is $793.53. The firm has a market capitalization of $82.66 billion, a PE ratio of 87.36, a price-to-earnings-growth ratio of 2.11 and a beta of 0.71. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.22 and a current ratio of 1.22. Equinix, Inc. has a one year low of $677.80 and a one year high of $914.93.

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

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st were given a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Wednesday, August 21st. Equinix’s payout ratio is 170.91%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Royal Bank of Canada lowered their price target on Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a report on Tuesday, May 28th. Barclays lifted their price target on Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. The Goldman Sachs Group assumed coverage on Equinix in a report on Monday, July 1st. They issued a “buy” rating and a $870.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price target on Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Finally, Mizuho lifted their price target on Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $883.71.

Insider Buying and Selling at Equinix

In other Equinix news, EVP Scott Crenshaw sold 1,107 shares of the company’s stock in a transaction that occurred on 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Equinix news, EVP Scott Crenshaw sold 1,107 shares of the company’s stock in a transaction that occurred on 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Simon Miller sold 569 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total value of $467,097.79. Following the sale, 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. Insiders have sold a total of 10,043 shares of company stock valued at $8,282,119 in the last three months. Corporate insiders own 0.27% of the company’s stock.

Equinix Company 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.