Equinix, Inc. (NASDAQ:EQIX) Position Decreased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its stake in Equinix, Inc. (NASDAQ:EQIX) by 17.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 565,652 shares of the financial services provider’s stock after selling 120,300 shares during the period. Equinix accounts for approximately 2.3% of Daiwa Securities Group Inc.’s holdings, making the stock its 10th largest position. Daiwa Securities Group Inc. owned about 0.60% of Equinix worth $427,972,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of EQIX. Goelzer Investment Management Inc. raised its stake in Equinix by 0.3% during the 4th quarter. Goelzer Investment Management Inc. now owns 4,177 shares of the financial services provider’s stock worth $3,364,000 after acquiring an additional 13 shares during the period. Cypress Capital Group lifted 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 valued at $435,000 after buying an additional 13 shares in the last quarter. MRA Advisory Group boosted its holdings in Equinix by 3.2% in the 2nd quarter. MRA Advisory Group now owns 419 shares of the financial services provider’s stock worth $317,000 after buying an additional 13 shares during the period. Lindbrook Capital LLC increased its stake in Equinix by 3.0% in the 1st quarter. Lindbrook Capital LLC now owns 487 shares of the financial services provider’s stock worth $402,000 after buying an additional 14 shares in the last quarter. Finally, Banco Santander S.A. raised its holdings in Equinix by 2.0% during the first 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. 94.94% of the stock is owned by institutional investors.

Equinix Trading Up 1.7 %

Shares of NASDAQ EQIX opened at $831.80 on Tuesday. The stock has a market capitalization of $78.97 billion, a P/E ratio of 83.43, a PEG ratio of 1.99 and a beta of 0.71. Equinix, Inc. has a 1-year low of $677.80 and a 1-year high of $914.93. The business’s 50 day moving average is $802.19 and its two-hundred day moving average is $793.22. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.22 and a quick ratio of 1.22.

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 the consensus estimate of $7.88 by ($4.72). The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Equinix had a net margin of 12.24% and a return on equity of 8.46%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.04 EPS. As a group, research analysts expect that Equinix, Inc. will post 31.01 EPS for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 21st will be issued 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 presently 170.91%.

Wall Street Analyst Weigh In

EQIX has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on Equinix from $915.00 to $935.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Barclays increased their price objective on shares of Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Mizuho started coverage on shares of Equinix in a report on Thursday, July 11th. They issued an “outperform” rating and a $873.00 target price on the stock. Royal Bank of Canada cut their target price on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a research note on Tuesday, May 28th. Finally, TD Cowen boosted their price target on shares of Equinix from $859.00 to $865.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $876.71.

Insider Buying and Selling

In related news, insider Michael Earl Campbell sold 600 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $816.73, for a total value of $490,038.00. Following the sale, the insider now directly owns 14,800 shares of the company’s stock, valued at approximately $12,087,604. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Michael Earl Campbell sold 600 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $816.73, for a total transaction of $490,038.00. Following the transaction, the insider now owns 14,800 shares of the company’s stock, valued at $12,087,604. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Scott Crenshaw sold 1,107 shares of the firm’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 sale, the executive vice president now directly owns 4 shares of the company’s stock, valued at $3,262.40. The disclosure for this sale can be found here. In the last ninety days, insiders 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.