Gladstone Institutional Advisory LLC bought a brand new stake in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) within the third quarter, in response to the corporate in its most up-to-date disclosure with the SEC. The institutional investor bought 265 shares of the monetary providers supplier’s inventory, valued at roughly $235,000.
A number of different institutional traders and hedge funds have additionally purchased and offered shares of EQIX. Vanguard Group Inc. elevated its place in shares of Equinix by 1.9% in the course of the first quarter. Vanguard Group Inc. now owns 12,503,989 shares of the monetary providers supplier’s inventory valued at $10,319,917,000 after shopping for a further 238,815 shares in the course of the interval. Principal Monetary Group Inc. grew its holdings in shares of Equinix by 14.5% in the course of the 2nd quarter. Principal Monetary Group Inc. now owns 1,888,191 shares of the monetary providers supplier’s inventory price $1,428,606,000 after buying a further 238,883 shares in the course of the interval. Value T Rowe Associates Inc. MD raised its place in shares of Equinix by 3.6% within the 1st quarter. Value T Rowe Associates Inc. MD now owns 1,391,567 shares of the monetary providers supplier’s inventory price $1,148,504,000 after buying a further 47,795 shares within the final quarter. Dimensional Fund Advisors LP lifted its stake in shares of Equinix by 1.5% within the 2nd quarter. Dimensional Fund Advisors LP now owns 1,333,992 shares of the monetary providers supplier’s inventory valued at $1,009,293,000 after buying a further 19,844 shares in the course of the interval. Lastly, Centersquare Funding Administration LLC boosted its place in shares of Equinix by 13.5% in the course of the first quarter. Centersquare Funding Administration LLC now owns 943,056 shares of the monetary providers supplier’s inventory valued at $778,332,000 after buying a further 112,194 shares within the final quarter. Hedge funds and different institutional traders personal 94.94% of the corporate’s inventory.
Wall Road Analysts Forecast Development
A number of analysis companies just lately commented on EQIX. Hsbc World Res raised shares of Equinix from a “maintain” ranking to a “strong-buy” ranking in a analysis observe on Friday, October 4th. Truist Monetary boosted their value goal on Equinix from $915.00 to $935.00 and gave the inventory a “purchase” ranking in a analysis report on Wednesday, August twenty first. JPMorgan Chase & Co. raised their value goal on Equinix from $950.00 to $975.00 and gave the corporate an “obese” ranking in a analysis report on Tuesday, October 1st. Wells Fargo & Firm boosted their goal value on Equinix from $875.00 to $975.00 and gave the inventory an “obese” ranking in a report on Thursday, October seventeenth. Lastly, Evercore ISI raised their value goal on Equinix from $945.00 to $975.00 and gave the corporate an “outperform” ranking in a report on Wednesday, October twenty third. 5 analysts have rated the inventory with a maintain ranking, fourteen have issued a purchase ranking and one has assigned a powerful purchase ranking to the corporate’s inventory. In response to MarketBeat.com, Equinix presently has a mean ranking of “Reasonable Purchase” and a consensus value goal of $944.63.
Examine Out Our Newest Inventory Report on Equinix
Insider Shopping for and Promoting
In different Equinix information, insider Brandi Galvin Morandi offered 864 shares of the enterprise’s inventory in a transaction on Tuesday, September tenth. The shares have been offered at a mean value of $850.00, for a complete transaction of $734,400.00. Following the transaction, the insider now owns 9,094 shares within the firm, valued at $7,729,900. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the SEC, which is obtainable at this hyperlink. In associated information, insider Michael Earl Campbell offered 600 shares of the enterprise’s inventory in a transaction on Friday, September sixth. The inventory was offered at a mean value of $816.73, for a complete transaction of $490,038.00. Following the completion of the transaction, the insider now owns 14,800 shares within the firm, valued at $12,087,604. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which is obtainable by way of this hyperlink. Additionally, insider Brandi Galvin Morandi offered 864 shares of the inventory in a transaction on Tuesday, September tenth. The inventory was offered 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 roughly $7,729,900. The commerce was a 0.00 % lower of their place. The disclosure for this sale could be discovered right here. Insiders offered a complete of 12,632 shares of firm inventory price $10,633,777 during the last three months. 0.27% of the inventory is owned by insiders.
Equinix Value Efficiency
EQIX inventory opened at $895.92 on Tuesday. The corporate has a fifty day easy shifting common of $871.10 and a two-hundred day easy shifting common of $807.85. Equinix, Inc. has a 52 week low of $684.14 and a 52 week excessive of $943.02. The corporate has a fast ratio of 1.22, a present ratio of 1.16 and a debt-to-equity ratio of 1.12. The agency has a market capitalization of $86.45 billion, a P/E ratio of 80.79, a price-to-earnings-growth ratio of two.18 and a beta of 0.71.
Equinix (NASDAQ:EQIX – Get Free Report) final launched its quarterly earnings outcomes on Wednesday, August seventh. The monetary providers supplier reported $3.16 EPS for the quarter, lacking the consensus estimate of $7.88 by ($4.72). Equinix had a return on fairness of 8.34% and a web margin of 12.29%. The corporate had income of $2.16 billion in the course of the quarter, in comparison with analysts’ expectations of $2.16 billion. Throughout the identical quarter within the prior 12 months, the enterprise posted $8.04 EPS. The corporate’s income was up 6.9% on a year-over-year foundation. Analysts anticipate that Equinix, Inc. will publish 31.01 earnings per share for the present fiscal 12 months.
Equinix Dividend Announcement
The enterprise additionally just lately declared a quarterly dividend, which will likely be paid on Wednesday, December eleventh. Buyers of report on Wednesday, November thirteenth will likely be issued a dividend of $4.26 per share. The ex-dividend date is Wednesday, November thirteenth. This represents a $17.04 annualized dividend and a yield of 1.90%. Equinix’s payout ratio is presently 153.65%.
Equinix Firm Profile
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 proper locations, companions and potentialities to scale with agility, velocity the launch of digital providers, ship world-class experiences and multiply their worth, whereas supporting their sustainability targets.
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