Equinix, Inc. $EQIX Stock Holdings Boosted by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC raised its position in Equinix, Inc. (NASDAQ:EQIX) by 258.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,899 shares of the financial services provider’s stock after acquiring an additional 1,369 shares during the quarter. Uhlmann Price Securities LLC’s holdings in Equinix were worth $1,921,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Avion Wealth lifted its position in shares of Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 11 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of Equinix by 166.7% in the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 15 shares during the period. Trust Co. of Vermont purchased a new position in shares of Equinix in the second quarter valued at approximately $34,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Equinix in the first quarter valued at approximately $39,000. Finally, Signature Equity Partners LLC grew its holdings in shares of Equinix by 193.3% in the third quarter. Signature Equity Partners LLC now owns 44 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 29 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on EQIX. Scotiabank restated a “sector perform” rating and issued a $1,208.00 price target on shares of Equinix in a research note on Thursday, July 30th. TD Cowen increased their price objective on Equinix from $1,166.00 to $1,210.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $1,340.00 target price (up from $1,300.00) on shares of Equinix in a report on Thursday, July 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,211.00 target price on shares of Equinix in a report on Thursday, October 29th. Finally, Weiss Ratings raised Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,234.13.

Insider Activity at Equinix

In other Equinix news, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the completion of the sale, the insider directly owned 4,077 shares of the company’s stock, valued at $4,384,813.50. The trade was a 3.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was 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 approximately $15,156,567.72. This represents a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 770 shares of company stock valued at $807,077 over the last quarter. 0.27% of the stock is owned by insiders.

Equinix Trading Up 1.5%

Shares of NASDAQ:EQIX opened at $1,012.71 on Friday. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The company’s 50 day moving average is $1,016.72 and its two-hundred day moving average is $1,013.32. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.59. The company has a market cap of $99.92 billion, a PE ratio of 60.82, a P/E/G ratio of 1.42 and a beta of 0.98.

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

Equinix Announces Dividend

The firm 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 $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 18th. Equinix’s dividend payout ratio is 123.96%.

Equinix Profile