Equinix, Inc. $EQIX Stock Sold by Machina Capital S.A.S.

Machina Capital S.A.S. trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 47.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,940 shares of the financial services provider’s stock after selling 2,703 shares during the period. Machina Capital S.A.S.’s holdings in Equinix were worth $2,974,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EQIX. BlackRock Inc. acquired a new stake in Equinix in the second quarter valued at $11,930,074,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Equinix by 26,831.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock valued at $1,291,648,000 after acquiring an additional 1,234,521 shares during the period. Legal & General Group Plc bought a new position in shares of Equinix in the 2nd quarter valued at about $1,181,260,000. Canada Pension Plan Investment Board bought a new position in shares of Equinix in the 2nd quarter valued at about $1,163,662,000. Finally, Deutsche Bank AG acquired a new position in shares of Equinix during the 2nd quarter worth about $1,118,930,000. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total value of $137,947.50. Following the transaction, the director directly owned 13,734 shares of the company’s stock, valued at $15,156,567.72. This represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the sale, the insider owned 2,450 shares of the company’s stock, valued at $2,535,774.50. This trade represents a 11.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 968 shares of company stock valued at $1,007,885. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised their target price on shares of Equinix from $1,300.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Thursday, October 29th. Barclays lifted their price target on Equinix from $1,130.00 to $1,135.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 8th. Stifel Nicolaus boosted their price target on Equinix from $1,250.00 to $1,265.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, BTIG Research boosted their price target on Equinix from $1,210.00 to $1,240.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Equinix has an average rating of “Moderate Buy” and a consensus price target of $1,234.13.

Equinix Trading Up 1.7%

Shares of Equinix stock opened at $1,068.06 on Thursday. The business has a fifty day simple moving average of $1,017.79 and a two-hundred day simple moving average of $1,017.28. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68. The company has a market capitalization of $105.39 billion, a price-to-earnings ratio of 64.15, a P/E/G ratio of 1.47 and a beta of 0.98. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.29 and a quick ratio of 1.29.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $4.93 EPS for the quarter, beating the consensus estimate of $4.11 by $0.82. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Equinix had a net margin of 16.38% and a return on equity of 11.49%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $9.83 earnings per share. Research analysts forecast that Equinix, Inc. will post 39.01 EPS for the current year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Wednesday, November 18th will be issued a dividend of $5.16 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix’s payout ratio is presently 123.96%.

Equinix Profile

Equinix, Inc. is a global digital infrastructure company that operates data centers where businesses can house their computing and networking equipment. Its colocation services support organizations seeking secure, reliable facilities for their IT systems. The company also provides interconnection services that enable customers to connect with cloud providers, networks, business partners and one another. Its Equinix Fabric platform offers software-defined connectivity, while its xScale facilities are designed to serve large-scale cloud and technology companies.