Compound Planning Inc. Has $1.39 Million Stock Holdings in Equinix, Inc. $EQIX

Compound Planning Inc. trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 61.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,780 shares of the financial services provider’s stock after selling 2,780 shares during the period. Compound Planning Inc.’s holdings in Equinix were worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Equinix during the 2nd quarter valued at about $892,431,000. JPMorgan Chase & Co. raised its position in Equinix by 25.8% during the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock valued at $2,252,094,000 after acquiring an additional 588,967 shares in the last quarter. Vanguard Group Inc. raised its position in Equinix by 1.7% during the second quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider’s stock valued at $10,443,758,000 after acquiring an additional 222,221 shares in the last quarter. State Street Corp lifted its stake in Equinix by 3.7% in the second quarter. State Street Corp now owns 6,249,780 shares of the financial services provider’s stock valued at $4,971,512,000 after acquiring an additional 220,981 shares during the last quarter. Finally, ABN AMRO Bank N.V. bought a new stake in Equinix in the second quarter worth approximately $172,581,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Equinix from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. HSBC set a $1,050.00 target price on Equinix and gave the company a “buy” rating in a report on Thursday, January 15th. Guggenheim upped their price target on Equinix from $933.00 to $985.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. raised their price objective on Equinix from $950.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Finally, Truist Financial boosted their target price on Equinix from $973.00 to $1,087.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,001.41.

Equinix Stock Performance

EQIX opened at $960.52 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.40. The stock’s 50 day moving average price is $823.68 and its two-hundred day moving average price is $798.58. The firm has a market capitalization of $94.37 billion, a P/E ratio of 69.86, a price-to-earnings-growth ratio of 1.89 and a beta of 1.06. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $992.90.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $8.91 earnings per share for the quarter, missing the consensus estimate of $9.07 by ($0.16). The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.46 billion. Equinix had a net margin of 14.65% and a return on equity of 9.60%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $7.92 earnings per share. On average, equities analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be given a $5.16 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $20.64 annualized dividend and a yield of 2.1%. This is a positive change from Equinix’s previous quarterly dividend of $4.69. Equinix’s dividend payout ratio (DPR) is 136.44%.

Insider Activity at Equinix

In other news, CFO Keith D. Taylor sold 2,051 shares of the company’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $804.17, for a total transaction of $1,649,352.67. Following the completion of the transaction, the chief financial officer owned 26,373 shares of the company’s stock, valued at approximately $21,208,375.41. This represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brandi Galvin Morandi sold 1,333 shares of Equinix stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $804.25, for a total value of $1,072,065.25. Following the sale, the insider directly owned 9,551 shares in the company, valued at approximately $7,681,391.75. This trade represents a 12.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 14,353 shares of company stock worth $11,283,043. Insiders own 0.27% of the company’s stock.

Equinix Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.