Equinix, Inc. (REIT) (NASDAQ:EQIX) Shares Acquired by Appleton Partners Inc. MA

Appleton Partners Inc. MA increased its stake in Equinix, Inc. (REIT) (NASDAQ:EQIX) by 3.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,331 shares of the financial services provider’s stock after buying an additional 249 shares during the quarter. Appleton Partners Inc. MA’s holdings in Equinix were worth $6,583,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Toronto Dominion Bank grew its stake in shares of Equinix by 0.4% in the second quarter. Toronto Dominion Bank now owns 67,357 shares of the financial services provider’s stock valued at $54,061,000 after buying an additional 259 shares in the last quarter. Welch & Forbes LLC grew its stake in shares of Equinix by 4.7% in the third quarter. Welch & Forbes LLC now owns 4,718 shares of the financial services provider’s stock valued at $3,727,000 after buying an additional 212 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Equinix by 3.0% in the second quarter. IFP Advisors Inc now owns 2,283 shares of the financial services provider’s stock valued at $1,839,000 after buying an additional 66 shares in the last quarter. Magnolia Capital Advisors LLC grew its stake in Equinix by 6.0% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 567 shares of the financial services provider’s stock valued at $455,000 after purchasing an additional 32 shares in the last quarter. Finally, Independent Advisor Alliance grew its stake in Equinix by 9.7% during the 2nd quarter. Independent Advisor Alliance now owns 408 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 93.88% of the company’s stock.

In other news, CFO Keith D. Taylor sold 1,000 shares of Equinix stock in a transaction on Thursday, November 18th. The stock was sold at an average price of $799.99, for a total transaction of $799,990.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Irving F. Lyons III sold 8,250 shares of Equinix stock in a transaction on Monday, August 30th. The shares were sold at an average price of $839.34, for a total value of $6,924,555.00. The disclosure for this sale can be found here. Insiders sold a total of 19,917 shares of company stock worth $16,891,303 in the last three months. Company insiders own 13.20% of the company’s stock.

A number of equities research analysts have weighed in on EQIX shares. Credit Suisse Group raised their price objective on Equinix from $731.00 to $732.00 and gave the company a “neutral” rating in a research note on Thursday, November 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on Equinix from $920.00 to $880.00 and set a “buy” rating for the company in a research note on Tuesday, November 9th. Raymond James raised their price objective on Equinix from $915.00 to $950.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 4th. Truist Securities raised their price objective on Equinix from $900.00 to $925.00 and gave the company a “buy” rating in a research note on Thursday, July 29th. Finally, Royal Bank of Canada decreased their target price on Equinix from $885.00 to $850.00 and set an “outperform” rating for the company in a research report on Monday, November 15th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Equinix presently has a consensus rating of “Buy” and a consensus price target of $886.12.

Equinix stock traded up $18.23 during mid-day trading on Thursday, hitting $797.59. 325,575 shares of the company’s stock traded hands, compared to its average volume of 537,588. Equinix, Inc. has a one year low of $586.73 and a one year high of $885.26. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.28. The firm has a 50 day moving average price of $801.47 and a 200 day moving average price of $803.88. The company has a market cap of $71.82 billion, a PE ratio of 167.91, a price-to-earnings-growth ratio of 3.84 and a beta of 0.34.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, November 3rd. The financial services provider reported $1.68 EPS for the quarter, missing the Zacks’ consensus estimate of $5.97 by ($4.29). Equinix had a return on equity of 6.01% and a net margin of 6.59%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the firm posted $6.48 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts expect that Equinix, Inc. will post 24.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Stockholders of record on Wednesday, November 17th will be paid a $2.87 dividend. This represents a $11.48 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Tuesday, November 16th. Equinix’s dividend payout ratio is presently 241.68%.

Equinix Profile

Equinix, Inc engages in the provision of collocation space and develops data centre solutions. The firm offers secure key management, consulting, network virtualization, customer support, and managed services. It operates through the following geographical segments: Americas, Europe, Middle East & Africa and Asia-Pacific.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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