Catalina Capital Group LLC Sells 176 Shares of Equinix, Inc. (NASDAQ:EQIX)

Catalina Capital Group LLC decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 37.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 294 shares of the financial services provider’s stock after selling 176 shares during the quarter. Catalina Capital Group LLC’s holdings in Equinix were worth $222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CNB Bank raised its holdings in Equinix by 172.7% during the first quarter. CNB Bank now owns 30 shares of the financial services provider’s stock valued at $25,000 after buying an additional 19 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Equinix during the second quarter worth approximately $30,000. LRI Investments LLC acquired a new position in Equinix during the first quarter valued at approximately $31,000. Rise Advisors LLC acquired a new position in Equinix during the first quarter valued at approximately $39,000. Finally, Rational Advisors LLC acquired a new stake in shares of Equinix in the first quarter worth $53,000. Institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wells Fargo & Company upgraded shares of Equinix from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $825.00 to $875.00 in a research report on Tuesday, July 23rd. The Goldman Sachs Group started coverage on Equinix in a research report on Monday, July 1st. They issued a “buy” rating and a $870.00 price target on the stock. Barclays lifted their price target on shares of Equinix from $669.00 to $671.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. TD Cowen upped their price objective on shares of Equinix from $859.00 to $865.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Mizuho initiated coverage on Equinix in a report on Thursday, July 11th. They set an “outperform” rating and a $873.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average target price of $876.71.

Equinix Stock Up 1.1 %

Shares of NASDAQ EQIX traded up $9.01 during midday trading on Friday, reaching $827.96. The company’s stock had a trading volume of 532,749 shares, compared to its average volume of 559,265. Equinix, Inc. has a fifty-two week low of $677.80 and a fifty-two week high of $914.93. The stock has a 50 day simple moving average of $787.68 and a 200-day simple moving average of $796.30. The stock has a market capitalization of $78.58 billion, a price-to-earnings ratio of 83.05, a PEG ratio of 2.80 and a beta of 0.68. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.19.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $3.16 EPS for the quarter, missing the consensus estimate of $7.88 by ($4.72). The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Equinix had a return on equity of 7.73% and a net margin of 11.32%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $8.04 earnings per share. Equities research analysts predict that Equinix, Inc. will post 31.23 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st will be given a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, August 21st. Equinix’s dividend payout ratio (DPR) is 170.91%.

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.