Calamos Advisors LLC Has $10.28 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

Calamos Advisors LLC trimmed its holdings in Equinix, Inc. (NASDAQ:EQIX) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,583 shares of the financial services provider’s stock after selling 506 shares during the period. Calamos Advisors LLC’s holdings in Equinix were worth $10,277,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. CNB Bank increased its stake in Equinix by 172.7% in the first quarter. CNB Bank now owns 30 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 19 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Equinix during the second quarter worth $30,000. LRI Investments LLC bought a new stake in shares of Equinix during the first quarter worth $31,000. Rise Advisors LLC bought a new stake in shares of Equinix during the first quarter worth $39,000. Finally, Rational Advisors LLC bought a new stake in shares of Equinix during the first quarter worth $53,000. 94.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. TD Cowen boosted their target price on shares of Equinix from $859.00 to $865.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Wells Fargo & Company raised shares of Equinix from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $825.00 to $875.00 in a research note on Tuesday, July 23rd. The Goldman Sachs Group initiated coverage on shares of Equinix in a research note on Monday, July 1st. They set a “buy” rating and a $870.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, Barclays boosted their price objective on shares of Equinix from $669.00 to $671.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $876.71.

Equinix Price Performance

EQIX stock opened at $827.96 on Monday. The firm has a market cap of $78.58 billion, a price-to-earnings ratio of 83.05, a PEG ratio of 2.80 and a beta of 0.68. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 12-month low of $677.80 and a 12-month high of $914.93. The company’s fifty day simple moving average is $787.68 and its 200 day simple moving average is $795.65.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.88 by ($4.72). The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. Equinix had a net margin of 11.32% and a return on equity of 7.73%. Equinix’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.04 EPS. On average, analysts expect that Equinix, Inc. will post 31.23 earnings per share for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $4.26 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $17.04 annualized dividend and a dividend yield of 2.06%. Equinix’s dividend payout ratio is currently 170.91%.

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.