Commerzbank Aktiengesellschaft FI acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,836 shares of the financial services provider’s stock, valued at approximately $819,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its stake in Equinix by 2.9% during the second quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock worth $112,000 after buying an additional 7 shares during the period. San Francisco Sentry Investment Group CA purchased a new stake in Equinix during the second quarter worth approximately $127,000. Amica Retiree Medical Trust purchased a new stake in Equinix during the third quarter worth approximately $188,000. Commerce Bank purchased a new stake in Equinix during the third quarter worth approximately $203,000. Finally, Bienville Capital Management LLC acquired a new position in shares of Equinix during the second quarter worth $213,000. Institutional investors own 94.34% of the company’s stock.

Equinix, Inc. (NASDAQ:EQIX) opened at $452.39 on Friday. The stock has a market cap of $35,223.94, a PE ratio of 25.32, a P/E/G ratio of 1.81 and a beta of 0.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.11 and a quick ratio of 2.11. Equinix, Inc. has a 12-month low of $343.55 and a 12-month high of $495.35.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $2.24. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Equinix had a net margin of 5.58% and a return on equity of 5.59%. Equinix’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.95 EPS. equities analysts forecast that Equinix, Inc. will post 16.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 15th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, November 14th. Equinix’s payout ratio is 264.03%.

In other Equinix news, insider Michael Earl Campbell sold 200 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $463.61, for a total transaction of $92,722.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher B. Paisley sold 593 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $484.99, for a total transaction of $287,599.07. The disclosure for this sale can be found here. Insiders sold a total of 5,993 shares of company stock valued at $2,770,635 over the last three months. 0.58% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on EQIX shares. Citigroup boosted their target price on shares of Equinix from $518.00 to $530.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Nomura upped their price target on shares of Equinix from $490.00 to $510.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Berenberg Bank started coverage on shares of Equinix in a report on Tuesday, September 26th. They issued a “buy” rating and a $550.00 price target on the stock. Deutsche Bank started coverage on shares of Equinix in a report on Tuesday, October 24th. They issued a “buy” rating and a $550.00 price target on the stock. Finally, Zacks Investment Research raised shares of Equinix from a “hold” rating to a “buy” rating and set a $547.00 price target on the stock in a report on Monday, November 6th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $500.74.

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Equinix Company Profile

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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