Webster Bank N. A. Boosts Stake in Equinix, Inc. (NASDAQ:EQIX)

Webster Bank N. A. grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 112.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51 shares of the financial services provider’s stock after buying an additional 27 shares during the quarter. Webster Bank N. A.’s holdings in Equinix were worth $45,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Global Assets Advisory LLC purchased a new position in Equinix in the 1st quarter worth $15,187,000. Banque Cantonale Vaudoise raised its holdings in Equinix by 48.0% in the first quarter. Banque Cantonale Vaudoise now owns 6,578 shares of the financial services provider’s stock worth $5,430,000 after buying an additional 2,133 shares during the last quarter. BDF Gestion purchased a new position in Equinix in the second quarter worth about $2,659,000. Bessemer Group Inc. raised its holdings in Equinix by 159.4% in the first quarter. Bessemer Group Inc. now owns 2,246 shares of the financial services provider’s stock worth $1,854,000 after buying an additional 1,380 shares during the last quarter. Finally, Brookmont Capital Management purchased a new position in Equinix in the first quarter worth about $2,894,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on EQIX shares. Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Evercore ISI raised shares of Equinix to a “strong-buy” rating in a report on Wednesday, October 2nd. TD Cowen boosted their price objective on shares of Equinix from $859.00 to $865.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Mizuho boosted their price objective on shares of Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $907.21.

Equinix Trading Up 0.1 %

NASDAQ:EQIX opened at $871.56 on Monday. Equinix, Inc. has a 52 week low of $677.80 and a 52 week high of $914.93. The firm has a 50 day moving average of $846.41 and a 200 day moving average of $794.98. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $82.72 billion, a price-to-earnings ratio of 87.42, a PEG ratio of 2.13 and a beta of 0.71.

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

Equinix Announces Dividend

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

Insiders Place Their Bets

In related news, insider Brandi Galvin Morandi sold 864 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 9,094 shares of the company’s stock, valued at $7,729,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Simon Miller sold 569 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total transaction of $467,097.79. Following the completion of the transaction, the chief accounting officer now owns 5,554 shares of the company’s stock, valued at $4,559,334.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brandi Galvin Morandi sold 864 shares of the firm’s stock in a transaction 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,043 shares of company stock valued at $8,282,119. 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.