EverSource Wealth Advisors LLC Sells 103 Shares of Equinix, Inc. (NASDAQ:EQIX)

EverSource Wealth Advisors LLC cut its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 31.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 221 shares of the financial services provider’s stock after selling 103 shares during the period. EverSource Wealth Advisors LLC’s holdings in Equinix were worth $175,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new position in shares of Equinix in the 2nd quarter valued at $67,000. Fidelis Capital Partners LLC grew its stake in Equinix by 11.4% in the second quarter. Fidelis Capital Partners LLC now owns 1,141 shares of the financial services provider’s stock valued at $890,000 after purchasing an additional 117 shares during the last quarter. Frank Rimerman Advisors LLC raised its holdings in Equinix by 61,400.0% in the second quarter. Frank Rimerman Advisors LLC now owns 1,845 shares of the financial services provider’s stock worth $1,396,000 after purchasing an additional 1,842 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Equinix by 22.2% during the second quarter. ProShare Advisors LLC now owns 19,143 shares of the financial services provider’s stock valued at $14,484,000 after buying an additional 3,478 shares during the last quarter. Finally, Profund Advisors LLC boosted its holdings in shares of Equinix by 3.8% in the 2nd quarter. Profund Advisors LLC now owns 1,513 shares of the financial services provider’s stock valued at $1,145,000 after buying an additional 55 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Price Performance

Shares of EQIX opened at $890.01 on Thursday. The company has a market capitalization of $84.47 billion, a P/E ratio of 89.27, a P/E/G ratio of 2.15 and a beta of 0.71. The business’s 50-day moving average is $823.47 and its two-hundred day moving average is $791.43. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.22 and a current ratio of 1.22. Equinix, Inc. has a fifty-two week low of $677.80 and a fifty-two week high of $914.93.

Equinix (NASDAQ:EQIX) last announced 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). Equinix had a net margin of 12.24% and a return on equity of 8.46%. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the prior year, the business posted $8.04 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. Research analysts predict that Equinix, Inc. will post 31.01 earnings per share for the current year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st were given a dividend of $4.26 per share. The ex-dividend date was Wednesday, August 21st. This represents a $17.04 annualized dividend and a yield of 1.91%. Equinix’s dividend payout ratio is presently 170.91%.

Analyst Upgrades and Downgrades

EQIX has been the subject of several recent analyst reports. TD Cowen boosted their price objective 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. Barclays upped their price target on Equinix from $669.00 to $671.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. The Goldman Sachs Group began coverage on Equinix in a research report on Monday, July 1st. They issued a “buy” rating and a $870.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their target price on Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, Cfra reissued a “hold” rating on shares of Equinix in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $883.71.

Insider Buying and Selling at Equinix

In other news, insider Meredith Williamson sold 576 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total transaction of $474,733.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Equinix news, insider Meredith Williamson sold 576 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is accessible through this link. Also, insider Michael Earl Campbell sold 600 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $816.73, for a total value of $490,038.00. Following the completion of the sale, the insider now directly owns 14,800 shares in the company, valued at $12,087,604. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,043 shares of company stock valued at $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.