Bronfman E.L. Rothschild L.P. raised its holdings in Equinix Inc (NASDAQ:EQIX) by 25.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 713 shares of the financial services provider’s stock after buying an additional 145 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Equinix were worth $309,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Bridgeworth LLC acquired a new stake in Equinix in the second quarter valued at $100,000. Quantbot Technologies LP acquired a new stake in Equinix in the third quarter valued at $196,000. We Are One Seven LLC acquired a new stake in Equinix in the third quarter valued at $204,000. First Allied Advisory Services Inc. acquired a new stake in Equinix in the second quarter valued at $206,000. Finally, Greenleaf Trust acquired a new stake in Equinix in the third quarter valued at $226,000. Institutional investors own 99.50% of the company’s stock.

Shares of EQIX stock opened at $392.72 on Friday. The stock has a market cap of $30.96 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 1.29 and a beta of 0.75. Equinix Inc has a 1 year low of $370.79 and a 1 year high of $462.43. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.24 and a current ratio of 1.24.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Thursday, November 1st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.47 by ($2.92). The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Equinix had a return on equity of 7.70% and a net margin of 6.46%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.63 EPS. Analysts predict that Equinix Inc will post 18.45 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 14th will be issued a dividend of $2.28 per share. This represents a $9.12 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Tuesday, November 13th. Equinix’s dividend payout ratio is currently 49.22%.

In related news, insider Michael Earl Campbell sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $395.00, for a total transaction of $592,500.00. Following the transaction, the insider now owns 1,388 shares of the company’s stock, valued at $548,260. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Yau Tat Lee sold 2,792 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $382.86, for a total value of $1,068,945.12. Following the transaction, the insider now directly owns 2,182 shares in the company, valued at approximately $835,400.52. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

A number of analysts have weighed in on the company. ValuEngine cut Equinix from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. Citigroup cut their price target on Equinix from $506.00 to $481.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Credit Suisse Group set a $500.00 price target on Equinix and gave the company a “buy” rating in a research note on Friday, November 2nd. BidaskClub cut Equinix from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. Finally, BMO Capital Markets dropped their price objective on Equinix from $521.00 to $511.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Three analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Equinix has an average rating of “Buy” and an average price target of $501.28.

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Equinix Profile

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.

Further Reading: Different Types of Derivatives

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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