Equinix, Inc. $EQIX Shares Purchased by Bank of Montreal Can

Bank of Montreal Can boosted its stake in Equinix, Inc. (NASDAQ:EQIXFree Report) by 42.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,333 shares of the financial services provider’s stock after buying an additional 42,618 shares during the period. Bank of Montreal Can owned approximately 0.14% of Equinix worth $111,481,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Equinix during the 2nd quarter worth approximately $892,431,000. JPMorgan Chase & Co. grew its stake in shares of Equinix by 25.8% in 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 buying an additional 588,967 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Equinix by 1.7% in 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 buying an additional 222,221 shares in the last quarter. State Street Corp raised its holdings in shares of Equinix by 3.7% in the 2nd quarter. State Street Corp now owns 6,249,780 shares of the financial services provider’s stock valued at $4,971,512,000 after buying an additional 220,981 shares during the period. Finally, ABN AMRO Bank N.V. purchased a new stake in shares of Equinix in the 2nd quarter valued at $172,581,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

More Equinix News

Here are the key news stories impacting Equinix this week:

Analyst Ratings Changes

EQIX has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $915.00 target price on Equinix in a report on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research note on Thursday, January 22nd. Citigroup reissued a “buy” rating on shares of Equinix in a research report on Thursday, February 12th. Stifel Nicolaus set a $1,075.00 price objective on shares of Equinix in a report on Thursday, February 12th. Finally, HSBC set a $1,050.00 target price on shares of Equinix and gave the stock a “buy” rating in a research note on Thursday, January 15th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,006.91.

View Our Latest Stock Analysis on Equinix

Insider Activity at Equinix

In related news, insider Brandi Galvin Morandi sold 1,333 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $804.25, for a total transaction of $1,072,065.25. Following the completion of the transaction, the insider owned 9,551 shares in the company, valued at approximately $7,681,391.75. The trade was a 12.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Adaire Fox-Martin sold 2,670 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $804.08, for a total transaction of $2,146,893.60. Following the transaction, the chief executive officer owned 14,857 shares of the company’s stock, valued at approximately $11,946,216.56. The trade was a 15.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,602 shares of company stock worth $11,369,645 over the last ninety days. 0.27% of the stock is currently owned by insiders.

Equinix Price Performance

EQIX stock opened at $973.43 on Thursday. The business’s 50-day moving average is $863.56 and its two-hundred day moving average is $811.24. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $95.64 billion, a P/E ratio of 70.79, a P/E/G ratio of 2.46 and a beta of 1.04. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $992.90.

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

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $5.16 per share. This is a boost from Equinix’s previous quarterly dividend of $4.69. The ex-dividend date is Wednesday, February 25th. This represents a $20.64 annualized dividend and a yield of 2.1%. Equinix’s dividend payout ratio (DPR) is presently 150.11%.

Equinix Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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