Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Moody National Bank Trust Division

Moody National Bank Trust Division lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX – Get Rating) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,116 shares of the financial services provider’s stock after acquiring an additional 65 shares during the period. Moody National Bank Trust Division’s holdings in Equinix were worth $731,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its stake in shares of Equinix by 10.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 171 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 16 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Equinix by 1.2% in the second quarter. Greenleaf Trust now owns 1,301 shares of the financial services provider’s stock valued at $855,000 after buying an additional 16 shares in the last quarter. Connectus Wealth LLC increased its holdings in shares of Equinix by 1.2% in the third quarter. Connectus Wealth LLC now owns 1,584 shares of the financial services provider’s stock valued at $901,000 after buying an additional 19 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Equinix by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,148 shares of the financial services provider’s stock worth $653,000 after acquiring an additional 19 shares in the last quarter. Finally, PFG Advisors grew its holdings in shares of Equinix by 1.3% in the 3rd quarter. PFG Advisors now owns 1,592 shares of the financial services provider’s stock worth $906,000 after acquiring an additional 21 shares during the last quarter. 92.80% of the stock is currently owned by institutional investors.

Equinix Stock Performance

Shares of NASDAQ EQIX opened at $690.85 on Friday. Equinix, Inc. has a one year low of $494.89 and a one year high of $776.35. The business’s 50-day moving average price is $710.66 and its two-hundred day moving average price is $652.87. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market capitalization of $64.10 billion, a P/E ratio of 89.95, a price-to-earnings-growth ratio of 2.33 and a beta of 0.61.

Equinix (NASDAQ:EQIX – Get Rating) last announced its quarterly earnings results on Wednesday, February 15th. The financial services provider reported $1.39 EPS for the quarter, missing the consensus estimate of $5.90 by ($4.51). The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.86 billion. Equinix had a net margin of 9.70% and a return on equity of 6.37%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.22 EPS. Analysts anticipate that Equinix, Inc. will post 27.53 earnings per share for the current fiscal year.

Equinix Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 22nd. Investors of record on Tuesday, March 7th will be paid a $3.41 dividend. This represents a $13.64 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Monday, March 6th. This is a positive change from Equinix’s previous quarterly dividend of $3.10. Equinix’s payout ratio is presently 177.60%.

Insider Buying and Selling

In other Equinix news, insider Karl Strohmeyer sold 56 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $665.03, for a total transaction of $37,241.68. Following the transaction, the insider now directly owns 23,247 shares in the company, valued at $15,459,952.41. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Simon Miller sold 408 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $690.04, for a total transaction of $281,536.32. Following the completion of the sale, the chief accounting officer now directly owns 5,078 shares of the company’s stock, valued at approximately $3,504,023.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Karl Strohmeyer sold 56 shares of the firm’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $665.03, for a total transaction of $37,241.68. Following the completion of the transaction, the insider now owns 23,247 shares in the company, valued at $15,459,952.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,971 shares of company stock worth $14,666,488. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Stifel Nicolaus upped their target price on Equinix from $800.00 to $820.00 in a report on Thursday, February 16th. BMO Capital Markets lifted their target price on shares of Equinix from $740.00 to $755.00 and gave the stock a “market perform” rating in a research report on Thursday, February 16th. Citigroup boosted their price target on shares of Equinix from $750.00 to $825.00 and gave the company a “buy” rating in a report on Friday, February 17th. Cowen upgraded shares of Equinix from a “market perform” rating to an “outperform” rating and set a $811.00 price objective on the stock in a research report on Tuesday, December 13th. Finally, StockNews.com initiated coverage on shares of Equinix in a research note on Thursday. They set a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $779.28.

Equinix Company Profile

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Equinix, Inc engages in the provision of collocation space and develops data center solutions. The firm offers secure key management, consulting, network virtualization, customer support, and managed services. It operates through the following geographical segments: Americas, Europe, Middle East & Africa and Asia-Pacific.