Sapient Capital LLC Invests $252,000 in Equinix, Inc. (NASDAQ:EQIX)

Sapient Capital LLC purchased a new stake in Equinix, Inc. (NASDAQ:EQIX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 284 shares of the financial services provider’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQIX. CNB Bank boosted its position in shares of Equinix by 172.7% in the first quarter. CNB Bank now owns 30 shares of the financial services provider’s stock worth $25,000 after buying an additional 19 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Equinix during the 2nd quarter worth about $30,000. LRI Investments LLC purchased a new position in Equinix during the 1st quarter valued at about $31,000. Meeder Asset Management Inc. acquired a new position in shares of Equinix in the 2nd quarter valued at about $36,000. Finally, Sugarloaf Wealth Management LLC lifted its position in shares of Equinix by 100.0% in the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on EQIX. Wells Fargo & Company upgraded shares of Equinix from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $825.00 to $875.00 in a research note on Tuesday, July 23rd. Cfra reissued a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. Evercore ISI raised Equinix to a “strong-buy” rating in a research report on Wednesday, October 2nd. Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Finally, Truist Financial increased their price objective on Equinix from $915.00 to $935.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Five 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 stock. According to data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and a consensus price target of $907.21.

Insider Transactions at Equinix

In related news, insider Meredith Williamson sold 576 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total value of $474,733.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Meredith Williamson sold 576 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $824.19, for a total value of $474,733.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brandi Galvin Morandi sold 864 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total value of $734,400.00. Following the completion of the transaction, the insider now directly owns 9,094 shares of the company’s stock, valued at approximately $7,729,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,043 shares of company stock worth $8,282,119. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Down 0.6 %

EQIX stock opened at $866.02 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.22 and a quick ratio of 1.22. The company has a 50-day moving average of $848.37 and a two-hundred day moving average of $795.27. The stock has a market capitalization of $82.19 billion, a price-to-earnings ratio of 86.86, a price-to-earnings-growth ratio of 2.13 and a beta of 0.71. Equinix, Inc. has a 52-week low of $677.80 and a 52-week high of $914.93.

Equinix (NASDAQ:EQIX) last announced its 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). Equinix had a net margin of 12.24% and a return on equity of 8.46%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the company earned $8.04 EPS. Equinix’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Equinix, Inc. will post 31.01 EPS for the current year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st were given a $4.26 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $17.04 annualized dividend and a yield of 1.97%. Equinix’s dividend payout ratio is 170.91%.

About Equinix

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.