Verde Capital Management Acquires 216 Shares of Equinix, Inc. (NASDAQ:EQIX)

Verde Capital Management boosted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 12.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,972 shares of the financial services provider’s stock after purchasing an additional 216 shares during the quarter. Verde Capital Management’s holdings in Equinix were worth $1,750,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC acquired a new position in shares of Equinix during the fourth quarter valued at about $381,000. Ballentine Partners LLC boosted its holdings in Equinix by 7.3% in the first quarter. Ballentine Partners LLC now owns 1,002 shares of the financial services provider’s stock worth $827,000 after acquiring an additional 68 shares in the last quarter. True North Advisors LLC acquired a new stake in Equinix in the first quarter valued at approximately $285,000. CHICAGO TRUST Co NA increased its holdings in shares of Equinix by 13.7% during the first quarter. CHICAGO TRUST Co NA now owns 290 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 35 shares in the last quarter. Finally, Global Assets Advisory LLC acquired a new position in shares of Equinix during the first quarter worth approximately $15,187,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on EQIX shares. HSBC upgraded shares of Equinix from a “hold” rating to a “buy” rating and boosted their price target for the company from $865.00 to $1,000.00 in a research note on Friday, October 4th. The Goldman Sachs Group raised their price target on shares of Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Evercore ISI raised Equinix to a “strong-buy” rating in a report on Wednesday, October 2nd. Cfra restated a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. upped their price target on Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $914.36.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $895.20 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.26. The stock has a fifty day simple moving average of $855.35 and a two-hundred day simple moving average of $797.57. Equinix, Inc. has a 1-year low of $677.80 and a 1-year high of $914.93. The firm has a market cap of $84.96 billion, a price-to-earnings ratio of 89.79, a price-to-earnings-growth ratio of 2.13 and a beta of 0.71.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share for the quarter, missing the consensus estimate of $7.88 by ($4.72). The firm 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 8.46% and a net margin of 12.24%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.04 EPS. Analysts anticipate that Equinix, Inc. will post 31.01 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st were issued a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 1.90%. The ex-dividend date was Wednesday, August 21st. Equinix’s dividend payout ratio (DPR) is presently 170.91%.

Insider Activity at Equinix

In other news, insider Meredith Williamson sold 576 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $824.19, for a total value of $474,733.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Meredith Williamson sold 576 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $824.19, for a total transaction of $474,733.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Earl Campbell sold 600 shares of Equinix stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $816.73, for a total value of $490,038.00. Following the transaction, the insider now directly owns 14,800 shares of the company’s stock, valued at $12,087,604. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,043 shares of company stock worth $8,282,119. Corporate insiders own 0.27% of the company’s stock.

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.