Magnetar Monetary LLC bought a brand new place in Equinix, Inc. (NASDAQ:EQIX – Free Report) within the second quarter, in line with the corporate in its most up-to-date submitting with the Securities and Alternate Fee (SEC). The fund bought 1,518 shares of the monetary providers supplier’s inventory, valued at roughly $1,149,000.
Different institutional traders and hedge funds additionally lately added to or diminished their stakes within the firm. Vanguard Group Inc. raised its holdings in shares of Equinix by 1.9% within the 1st quarter. Vanguard Group Inc. now owns 12,503,989 shares of the monetary providers supplier’s inventory valued at $10,319,917,000 after buying an extra 238,815 shares within the final quarter. Cohen & Steers Inc. lifted its holdings in Equinix by 0.5% through the 4th quarter. Cohen & Steers Inc. now owns 2,591,270 shares of the monetary providers supplier’s inventory value $2,087,096,000 after shopping for an extra 13,988 shares over the last quarter. Principal Monetary Group Inc. lifted its holdings in Equinix by 14.5% through the 2nd quarter. Principal Monetary Group Inc. now owns 1,888,191 shares of the monetary providers supplier’s inventory value $1,428,606,000 after shopping for an extra 238,883 shares over the last quarter. Value T Rowe Associates Inc. MD boosted its place in shares of Equinix by 3.6% through the 1st quarter. Value T Rowe Associates Inc. MD now owns 1,391,567 shares of the monetary providers supplier’s inventory value $1,148,504,000 after buying an extra 47,795 shares within the final quarter. Lastly, Dimensional Fund Advisors LP raised its place in shares of Equinix by 1.5% through the 2nd quarter. Dimensional Fund Advisors LP now owns 1,333,992 shares of the monetary providers supplier’s inventory value $1,009,293,000 after buying an extra 19,844 shares within the final quarter. Institutional traders and hedge funds personal 94.94% of the corporate’s inventory.
Analysts Set New Value Targets
EQIX has been the subject of a number of latest analyst stories. Truist Monetary elevated their value goal on shares of Equinix from $915.00 to $935.00 and gave the corporate a “purchase” ranking in a analysis notice on Wednesday, August twenty first. Deutsche Financial institution Aktiengesellschaft lifted their value goal on shares of Equinix from $880.00 to $910.00 and gave the inventory a “purchase” ranking in a analysis notice on Tuesday, August thirteenth. TD Cowen upped their value goal on shares of Equinix from $859.00 to $865.00 and gave the corporate a “purchase” ranking in a analysis notice on Thursday, August eighth. Royal Financial institution of Canada minimize their goal value on Equinix from $950.00 to $922.00 and set an “outperform” ranking on the inventory in a analysis report on Tuesday, Might twenty eighth. Lastly, Wells Fargo & Firm raised Equinix from an “equal weight” ranking to an “chubby” ranking and upped their goal value for the corporate from $825.00 to $875.00 in a analysis report on Tuesday, July twenty third. Six analysts have rated the inventory with a maintain ranking and eleven have issued a purchase ranking to the corporate’s inventory. In accordance with MarketBeat.com, the inventory presently has a mean ranking of “Average Purchase” and a mean goal value of $883.71.
View Our Newest Evaluation on EQIX
Equinix Value Efficiency
Equinix inventory opened at $881.92 on Tuesday. The corporate has a debt-to-equity ratio of 1.26, a present ratio of 1.22 and a fast ratio of 1.22. The enterprise has a 50 day easy shifting common of $821.97 and a 200-day easy shifting common of $791.59. Equinix, Inc. has a 12 month low of $677.80 and a 12 month excessive of $914.93. The inventory has a market capitalization of $83.70 billion, a PE ratio of 88.46, a price-to-earnings-growth ratio of two.11 and a beta of 0.71.
Equinix (NASDAQ:EQIX – Get Free Report) final introduced its quarterly earnings information on Wednesday, August seventh. The monetary providers supplier reported $3.16 EPS for the quarter, lacking analysts’ consensus estimates of $7.88 by ($4.72). The agency had income of $2.16 billion for the quarter, in comparison with analysts’ expectations of $2.16 billion. Equinix had a return on fairness of 8.46% and a web margin of 12.24%. The agency’s quarterly income was up 6.9% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the earlier 12 months, the corporate posted $8.04 EPS. Equities analysts predict that Equinix, Inc. will publish 31.01 earnings per share for the present 12 months.
Equinix Publicizes Dividend
The agency additionally lately disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of report on Wednesday, August twenty first have been issued a $4.26 dividend. This represents a $17.04 dividend on an annualized foundation and a yield of 1.93%. The ex-dividend date of this dividend was Wednesday, August twenty first. Equinix’s dividend payout ratio is presently 170.91%.
Insiders Place Their Bets
In associated information, insider Brandi Galvin Morandi bought 864 shares of Equinix inventory in a transaction that occurred on Tuesday, September tenth. The inventory was bought at a mean value of $850.00, for a complete worth of $734,400.00. Following the sale, the insider now instantly owns 9,094 shares within the firm, valued at $7,729,900. The transaction was disclosed in a doc filed with the SEC, which may be accessed via this hyperlink. In associated information, insider Brandi Galvin Morandi bought 864 shares of the agency’s inventory in a transaction dated Tuesday, September tenth. The shares have been bought at a mean value of $850.00, for a complete worth of $734,400.00. Following the completion of the sale, the insider now owns 9,094 shares within the firm, valued at $7,729,900. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which may be accessed via the SEC web site. Additionally, CAO Simon Miller bought 569 shares of the corporate’s inventory in a transaction dated Wednesday, September 4th. The inventory was bought at a mean value of $820.91, for a complete transaction of $467,097.79. Following the transaction, the chief accounting officer now owns 5,554 shares within the firm, valued at $4,559,334.14. The disclosure for this sale may be discovered right here. Within the final 90 days, insiders have bought 10,043 shares of firm inventory value $8,282,119. Firm insiders personal 0.27% of the corporate’s inventory.
About Equinix
Equinix (Nasdaq: EQIX) is the world’s digital infrastructure firm . Digital leaders harness Equinix’s trusted platform to convey collectively and interconnect foundational infrastructure at software program velocity. Equinix permits organizations to entry all the best locations, companions and prospects to scale with agility, velocity the launch of digital providers, ship world-class experiences and multiply their worth, whereas supporting their sustainability objectives.
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