First Trust Direct Indexing L.P. Buys 438 Shares of Equinix, Inc. (NASDAQ:EQIX)

First Trust Direct Indexing L.P. boosted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 12.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,058 shares of the financial services provider’s stock after acquiring an additional 438 shares during the period. First Trust Direct Indexing L.P.’s holdings in Equinix were worth $3,602,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. BDF Gestion bought a new stake in Equinix in the 2nd quarter valued at $2,659,000. Bessemer Group Inc. raised its stake in Equinix by 159.4% in the 1st quarter. Bessemer Group Inc. now owns 2,246 shares of the financial services provider’s stock valued at $1,854,000 after acquiring an additional 1,380 shares during the period. GSA Capital Partners LLP acquired a new position in Equinix in the 1st quarter valued at $804,000. E. Ohman J or Asset Management AB grew its holdings in Equinix by 3.0% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider’s stock valued at $33,215,000 after buying an additional 1,103 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. grew its holdings in Equinix by 25.9% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 369,437 shares of the financial services provider’s stock valued at $279,516,000 after buying an additional 75,888 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

Shares of EQIX traded up $5.60 during trading hours on Wednesday, reaching $911.51. The stock had a trading volume of 83,719 shares, compared to its average volume of 526,451. The company’s 50-day moving average is $864.73 and its two-hundred day moving average is $803.33. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $943.02. The stock has a market capitalization of $86.51 billion, a PE ratio of 90.86, a PEG ratio of 2.11 and a beta of 0.71. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.22 and a current ratio of 1.22.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.88 by ($4.72). Equinix had a net margin of 12.24% and a return on equity of 8.46%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business posted $8.04 EPS. Equinix’s revenue was up 6.9% on a year-over-year basis. Research analysts expect that Equinix, Inc. will post 31.01 EPS for the current year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st were given a $4.26 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.87%. Equinix’s dividend payout ratio (DPR) is presently 170.91%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EQIX. Truist Financial upped their price objective on Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. The Goldman Sachs Group upped their price objective on Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Wells Fargo & Company upped their price objective on Equinix from $875.00 to $975.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft increased their target price on Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. raised their price target on Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Five investment 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 stock. According to MarketBeat.com, Equinix currently has an average rating of “Moderate Buy” and a consensus price target of $927.67.

Insider Buying and Selling at Equinix

In related news, CAO Simon Miller sold 569 shares of Equinix stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total value of $467,097.79. Following the transaction, the chief accounting officer now directly owns 5,554 shares of the company’s stock, valued at $4,559,334.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Brandi Galvin Morandi sold 863 shares of Equinix stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $915.00, for a total value of $789,645.00. Following the transaction, the insider now directly owns 8,231 shares of the company’s stock, valued at $7,531,365. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Simon Miller sold 569 shares of Equinix stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total value of $467,097.79. Following the completion of the transaction, the chief accounting officer now directly owns 5,554 shares in the company, valued at approximately $4,559,334.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,906 shares of company stock worth $9,071,764. Insiders own 0.27% of the company’s stock.

Equinix Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.