Equinix Inc (NASDAQ:EQIX) Position Increased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC increased its position in Equinix Inc (NASDAQ:EQIX) by 19.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,598 shares of the financial services provider’s stock after purchasing an additional 591 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Equinix were worth $2,076,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Vestmark Advisory Solutions Inc. boosted its stake in shares of Equinix by 22.4% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 1,282 shares of the financial services provider’s stock valued at $739,000 after buying an additional 235 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Equinix by 57.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,196 shares of the financial services provider’s stock valued at $690,000 after buying an additional 438 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Equinix by 1,250.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 270 shares of the financial services provider’s stock valued at $156,000 after buying an additional 250 shares during the period. Brasada Capital Management LP boosted its stake in shares of Equinix by 43.2% during the 3rd quarter. Brasada Capital Management LP now owns 3,207 shares of the financial services provider’s stock valued at $1,850,000 after buying an additional 967 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Equinix by 89.4% during the 3rd quarter. First Trust Advisors LP now owns 69,680 shares of the financial services provider’s stock valued at $40,191,000 after buying an additional 32,888 shares during the period. 98.59% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on EQIX. JPMorgan Chase & Co. lifted their target price on shares of Equinix from $524.00 to $580.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Raymond James lifted their target price on shares of Equinix from $560.00 to $625.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 31st. BMO Capital Markets lifted their target price on shares of Equinix to $610.00 and gave the company a “positive” rating in a research note on Thursday, October 31st. BidaskClub lowered shares of Equinix from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $620.00 target price (up previously from $545.00) on shares of Equinix in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Equinix has an average rating of “Buy” and an average price target of $567.90.

In related news, Director Christopher B. Paisley sold 200 shares of Equinix stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $551.24, for a total value of $110,248.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Karl Strohmeyer sold 1,896 shares of Equinix stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $551.54, for a total transaction of $1,045,719.84. Following the completion of the transaction, the insider now owns 1,895 shares in the company, valued at approximately $1,045,168.30. The disclosure for this sale can be found here. Insiders sold a total of 5,462 shares of company stock worth $3,041,825 in the last quarter. Insiders own 0.49% of the company’s stock.

Shares of Equinix stock traded up $6.13 during midday trading on Monday, reaching $536.44. 22,042 shares of the company’s stock traded hands, compared to its average volume of 445,454. The company has a market cap of $42.63 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 1.91 and a beta of 0.69. The company’s 50 day simple moving average is $567.25 and its 200 day simple moving average is $525.12. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.59 and a current ratio of 1.55. Equinix Inc has a 52 week low of $335.29 and a 52 week high of $609.97.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $4.96 by ($3.55). The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. Equinix had a net margin of 9.03% and a return on equity of 5.94%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.55 EPS. As a group, equities research analysts predict that Equinix Inc will post 20.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 20th will be issued a $2.46 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $9.84 annualized dividend and a yield of 1.83%. Equinix’s dividend payout ratio (DPR) is presently 47.56%.

About Equinix

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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