Valliance Asset Management Ltd Sells 2,800 Shares of Equinix, Inc. (NASDAQ:EQIX)

Valliance Asset Management Ltd lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 70.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,200 shares of the financial services provider’s stock after selling 2,800 shares during the period. Equinix makes up 1.4% of Valliance Asset Management Ltd’s investment portfolio, making the stock its 10th biggest holding. Valliance Asset Management Ltd’s holdings in Equinix were worth $908,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Goelzer Investment Management Inc. raised its holdings in shares of Equinix by 0.3% during the fourth quarter. Goelzer Investment Management Inc. now owns 4,177 shares of the financial services provider’s stock valued at $3,364,000 after purchasing an additional 13 shares during the period. Cypress Capital Group raised its holdings in shares of Equinix by 2.3% during the second quarter. Cypress Capital Group now owns 575 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 13 shares during the period. MRA Advisory Group raised its holdings in shares of Equinix by 3.2% during the second quarter. MRA Advisory Group now owns 419 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 13 shares during the period. Lindbrook Capital LLC raised its holdings in shares of Equinix by 3.0% in the 1st quarter. Lindbrook Capital LLC now owns 487 shares of the financial services provider’s stock worth $402,000 after acquiring an additional 14 shares during the last quarter. Finally, Banco Santander S.A. raised its holdings in shares of Equinix by 2.0% in the 1st quarter. Banco Santander S.A. now owns 699 shares of the financial services provider’s stock worth $577,000 after acquiring an additional 14 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Down 0.5 %

Equinix stock opened at $817.96 on Monday. The firm has a 50 day moving average price of $800.75 and a 200-day moving average price of $793.56. The company has a market capitalization of $77.66 billion, a P/E ratio of 82.04, a P/E/G ratio of 1.99 and a beta of 0.71. Equinix, Inc. has a twelve month low of $677.80 and a twelve month high of $914.93. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.26.

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

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st will be issued a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, August 21st. Equinix’s dividend payout ratio (DPR) is presently 170.91%.

Analysts Set New Price Targets

EQIX has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of Equinix in a report on Monday, July 1st. They issued a “buy” rating and a $870.00 target price on the stock. Wells Fargo & Company upgraded shares of Equinix from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $825.00 to $875.00 in a report on Tuesday, July 23rd. TD Cowen upped their target price on shares of Equinix from $859.00 to $865.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Mizuho began coverage on shares of Equinix in a research report on Thursday, July 11th. They issued an “outperform” rating and a $873.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $876.71.

Insider Buying and Selling

In related news, insider Meredith Williamson sold 576 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total value of $474,733.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Equinix news, insider Meredith Williamson sold 576 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total value of $474,733.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Simon Miller sold 569 shares of the 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 sale, the chief accounting officer now owns 5,554 shares in the company, valued at $4,559,334.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,472 shares of company stock valued at $6,154,812. Company insiders own 0.27% of the company’s stock.

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.