First Trust Direct Indexing L.P. Has $3.60 Million Stock Position in Equinix, Inc. (NASDAQ:EQIX)

First Trust Direct Indexing L.P. lifted its stake in Equinix, Inc. (NASDAQ:EQIX) by 12.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Valeo Financial Advisors LLC boosted its stake in Equinix by 2.3% during the first quarter. Valeo Financial Advisors LLC now owns 2,710 shares of the financial services provider’s stock worth $2,237,000 after buying an additional 60 shares in the last quarter. Norden Group LLC bought a new position in shares of Equinix during the first quarter valued at $3,087,000. Tran Capital Management L.P. lifted its holdings in shares of Equinix by 85.4% during the first quarter. Tran Capital Management L.P. now owns 40,191 shares of the financial services provider’s stock valued at $33,171,000 after acquiring an additional 18,515 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Equinix by 4.5% during the first quarter. HB Wealth Management LLC now owns 1,076 shares of the financial services provider’s stock valued at $888,000 after acquiring an additional 46 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of Equinix by 5.6% during the first quarter. Private Advisor Group LLC now owns 931 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity at Equinix

In related news, CAO Simon Miller sold 569 shares of the business’s 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Equinix news, CAO Simon Miller sold 569 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total transaction of $467,097.79. Following the completion of the transaction, the chief accounting officer now owns 5,554 shares of the company’s stock, valued at $4,559,334.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brandi Galvin Morandi sold 864 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total value of $734,400.00. Following the transaction, the insider now directly owns 9,094 shares of the company’s stock, valued at approximately $7,729,900. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,906 shares of company stock worth $9,071,764. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

EQIX has been the subject of a number of analyst reports. Evercore ISI lifted their price objective on Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. HSBC raised Equinix from a “hold” rating to a “buy” rating and lifted their price objective for the company from $865.00 to $1,000.00 in a report on Friday, October 4th. Finally, Wells Fargo & Company lifted their price target on Equinix from $875.00 to $975.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $927.67.

Equinix Trading Up 0.6 %

Shares of Equinix stock traded up $5.60 during trading on Wednesday, hitting $911.51. 83,719 shares of the company were exchanged, compared to its average volume of 526,451. The firm has a market capitalization of $86.51 billion, a P/E ratio of 90.86, a price-to-earnings-growth ratio of 2.11 and a beta of 0.71. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $943.02. The firm’s fifty day moving average price is $864.73 and its 200 day moving average price is $803.33. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.22 and a quick ratio of 1.22.

Equinix (NASDAQ:EQIX) last posted its 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 return on equity of 8.46% and a net margin of 12.24%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the firm posted $8.04 earnings per share. Equinix’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts expect that Equinix, Inc. will post 31.01 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors 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 annualized dividend and a dividend yield of 1.87%. Equinix’s dividend payout ratio is presently 170.91%.

About Equinix

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.