Centaurus Financial Inc. Sells 152 Shares of Equinix, Inc. (NASDAQ:EQIX)

Centaurus Financial Inc. reduced its stake in shares of Equinix, Inc. (NASDAQ:EQIX – Get Rating) by 17.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 738 shares of the financial services provider’s stock after selling 152 shares during the period. Centaurus Financial Inc.’s holdings in Equinix were worth $420,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EQIX. CoreCap Advisors LLC bought a new position in Equinix during the second quarter valued at about $25,000. Guardian Wealth Advisors LLC acquired a new stake in shares of Equinix in the third quarter valued at about $32,000. Castleview Partners LLC grew its position in shares of Equinix by 63,515.9% in the second quarter. Castleview Partners LLC now owns 40,078 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 40,015 shares during the last quarter. Advanced Research Investment Solutions LLC acquired a new stake in shares of Equinix in the third quarter valued at about $67,000. Finally, Core Alternative Capital grew its position in shares of Equinix by 44.4% in the third quarter. Core Alternative Capital now owns 130 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 40 shares during the last quarter. 92.80% of the stock is currently owned by institutional investors.

Equinix Stock Performance

NASDAQ:EQIX opened at $690.85 on Friday. Equinix, Inc. has a 1 year low of $494.89 and a 1 year high of $776.35. The firm has a 50 day moving average of $710.66 and a 200-day moving average of $652.87. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $64.10 billion, a P/E ratio of 89.95, a price-to-earnings-growth ratio of 2.30 and a beta of 0.61.

Equinix (NASDAQ:EQIX – Get Rating) last posted its earnings results on Wednesday, February 15th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.90 by ($4.51). Equinix had a net margin of 9.70% and a return on equity of 6.37%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $6.22 EPS. The business’s revenue was up 9.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Equinix, Inc. will post 27.53 EPS for the current fiscal year.

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Tuesday, March 7th will be paid a $3.41 dividend. The ex-dividend date of this dividend is Monday, March 6th. This represents a $13.64 dividend on an annualized basis and a dividend yield of 1.97%. This is a boost from Equinix’s previous quarterly dividend of $3.10. Equinix’s payout ratio is 177.60%.

Insider Activity

In other news, EVP Jonathan Lin sold 233 shares of Equinix stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $715.12, for a total value of $166,622.96. Following the completion of the transaction, the executive vice president now owns 6,015 shares in the company, valued at $4,301,446.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Simon Miller sold 380 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $671.43, for a total value of $255,143.40. Following the completion of the transaction, the chief accounting officer now owns 5,078 shares in the company, valued at approximately $3,409,521.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Lin sold 233 shares of the business’s stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $715.12, for a total transaction of $166,622.96. Following the completion of the transaction, the executive vice president now owns 6,015 shares of the company’s stock, valued at approximately $4,301,446.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,971 shares of company stock worth $14,666,488. Insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their price target on Equinix from $740.00 to $755.00 and gave the company a “market perform” rating in a research report on Thursday, February 16th. Credit Suisse Group lowered their price target on Equinix from $762.00 to $753.00 and set a “neutral” rating on the stock in a research report on Thursday, February 16th. Exane BNP Paribas initiated coverage on Equinix in a research report on Wednesday, December 14th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on Equinix from $725.00 to $760.00 and gave the stock a “buy” rating in a research report on Wednesday, February 22nd. Finally, TD Securities lifted their target price on Equinix from $750.00 to $800.00 and gave the stock a “hold” rating in a research report on Thursday, February 16th. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $779.28.

Equinix Profile

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Equinix, Inc engages in the provision of collocation space and develops data center solutions. The firm offers secure key management, consulting, network virtualization, customer support, and managed services. It operates through the following geographical segments: Americas, Europe, Middle East & Africa and Asia-Pacific.