277 Shares in Equinix, Inc. (NASDAQ:EQIX) Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC purchased a new stake in Equinix, Inc. (NASDAQ:EQIX) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 277 shares of the financial services provider’s stock, valued at approximately $247,000.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in shares of Equinix by 3.6% during the third quarter. Farther Finance Advisors LLC now owns 862 shares of the financial services provider’s stock valued at $765,000 after acquiring an additional 30 shares during the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in shares of Equinix during the third quarter worth approximately $235,000. Oak Ridge Investments LLC raised its stake in Equinix by 8.2% in the 3rd quarter. Oak Ridge Investments LLC now owns 7,066 shares of the financial services provider’s stock valued at $6,272,000 after purchasing an additional 535 shares during the last quarter. US Bancorp DE lifted its holdings in Equinix by 58.0% in the 3rd quarter. US Bancorp DE now owns 42,869 shares of the financial services provider’s stock valued at $38,053,000 after purchasing an additional 15,734 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its stake in Equinix by 33.0% during the 3rd quarter. Financial Advocates Investment Management now owns 854 shares of the financial services provider’s stock worth $758,000 after purchasing an additional 212 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Equinix

In other Equinix news, Chairman Charles J. Meyers sold 6,234 shares of Equinix stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the completion of the sale, the chairman now directly owns 7,680 shares of the company’s stock, valued at $6,328,089.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Equinix news, Chairman Charles J. Meyers sold 6,234 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total value of $5,136,628.98. Following the transaction, the chairman now directly owns 7,680 shares in the company, valued at $6,328,089.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brandi Galvin Morandi sold 864 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total transaction of $734,400.00. Following the sale, the insider now owns 9,094 shares of the company’s stock, valued at $7,729,900. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,632 shares of company stock valued at $10,633,777. Insiders own 0.27% of the company’s stock.

Equinix Stock Performance

Shares of EQIX stock opened at $908.99 on Wednesday. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $943.02. The firm has a 50 day moving average of $872.92 and a two-hundred day moving average of $808.98. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $87.71 billion, a PE ratio of 81.96, a P/E/G ratio of 2.14 and a beta of 0.71.

Equinix (NASDAQ:EQIX) last released its 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 company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. Equinix had a return on equity of 8.34% and a net margin of 12.29%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.04 earnings per share. On average, research analysts predict that Equinix, Inc. will post 31.01 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be paid a dividend of $4.26 per share. The ex-dividend date is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.87%. Equinix’s payout ratio is 153.65%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EQIX shares. Wells Fargo & Company increased their target price on shares of Equinix from $875.00 to $975.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. BMO Capital Markets boosted their target price on shares of Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. raised their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Cfra reaffirmed a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. Finally, TD Cowen increased their price objective on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and an average target price of $944.63.

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.