Heartland Bank & Trust Co Purchases 32 Shares of Equinix, Inc. (NASDAQ:EQIX)

Heartland Bank & Trust Co lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 10.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 350 shares of the financial services provider’s stock after purchasing an additional 32 shares during the quarter. Heartland Bank & Trust Co’s holdings in Equinix were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in EQIX. Brighton Jones LLC boosted its position in shares of Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 73 shares in the last quarter. Bank Pictet & Cie Europe AG bought a new stake in shares of Equinix during the fourth quarter valued at approximately $2,027,000. Kestra Investment Management LLC bought a new stake in shares of Equinix during the fourth quarter valued at approximately $31,000. Private Advisor Group LLC boosted its position in shares of Equinix by 7.7% during the fourth quarter. Private Advisor Group LLC now owns 3,221 shares of the financial services provider’s stock valued at $3,037,000 after purchasing an additional 229 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Equinix by 10.3% during the fourth quarter. Concurrent Investment Advisors LLC now owns 1,468 shares of the financial services provider’s stock valued at $1,384,000 after purchasing an additional 137 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Equinix Trading Down 0.4%

Shares of NASDAQ:EQIX opened at $882.88 on Monday. The company has a market cap of $86.36 billion, a P/E ratio of 91.78, a PEG ratio of 1.15 and a beta of 0.97. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.65 and a quick ratio of 1.65. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The stock’s fifty day moving average price is $862.84 and its 200-day moving average price is $884.88.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.01 by $0.66. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.23 billion. Equinix had a return on equity of 6.96% and a net margin of 10.48%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $8.86 earnings per share. Sell-side analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st were given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Wednesday, May 21st. Equinix’s dividend payout ratio (DPR) is presently 195.01%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EQIX shares. Wolfe Research lowered Equinix from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 9th. Truist Financial dropped their target price on Equinix from $990.00 to $986.00 and set a “buy” rating on the stock in a report on Monday, May 12th. Cowen reissued a “buy” rating on shares of Equinix in a report on Thursday, May 1st. Mizuho dropped their target price on Equinix from $1,094.00 to $1,053.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. Finally, Cfra Research raised Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, March 28th. Three investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and six have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $1,004.80.

Insider Activity at Equinix

In related news, insider Kurt Pletcher sold 127 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $877.70, for a total transaction of $111,467.90. Following the completion of the sale, the insider now owns 1,842 shares in the company, valued at approximately $1,616,723.40. This represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adaire Fox-Martin sold 2,949 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total value of $2,609,599.59. Following the sale, the chief executive officer now owns 9,615 shares of the company’s stock, valued at approximately $8,508,409.65. This trade represents a 23.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,176 shares of company stock worth $2,808,008. 0.27% of the stock is owned by insiders.

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.