Graham Capital Management L.P. Invests $763,000 in Equinix, Inc. (NASDAQ:EQIX)

Graham Capital Management L.P. bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 809 shares of the financial services provider’s stock, valued at approximately $763,000.

A number of other institutional investors have also modified their holdings of EQIX. JPMorgan Chase & Co. grew its holdings in shares of Equinix by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock worth $1,188,180,000 after purchasing an additional 203,656 shares during the period. Brookstone Capital Management acquired a new position in Equinix during the 4th quarter worth approximately $223,000. Wedmont Private Capital lifted its position in Equinix by 7.3% during the 4th quarter. Wedmont Private Capital now owns 1,032 shares of the financial services provider’s stock worth $928,000 after acquiring an additional 70 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in Equinix by 9.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 574 shares of the financial services provider’s stock worth $541,000 after acquiring an additional 50 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its position in Equinix by 7.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 1,184 shares of the financial services provider’s stock worth $1,116,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Scotiabank reduced their price target on Equinix from $1,040.00 to $1,030.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 22nd. Cfra Research raised Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 28th. Wells Fargo & Company reduced their price target on Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus boosted their price target on Equinix from $1,030.00 to $1,050.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Finally, TD Securities boosted their price target on Equinix from $978.00 to $1,018.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and six have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $1,004.89.

Equinix Stock Performance

EQIX stock opened at $859.21 on Thursday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The firm has a market cap of $84.05 billion, a P/E ratio of 100.49, a P/E/G ratio of 1.78 and a beta of 0.97. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. The stock’s 50 day simple moving average is $823.93 and its 200 day simple moving average is $893.38.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.01 by $0.66. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. Equinix had a return on equity of 6.31% and a net margin of 9.32%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $8.86 EPS. As a group, equities research analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be paid a dividend of $4.69 per share. The ex-dividend date is Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a yield of 2.18%. Equinix’s payout ratio is currently 195.01%.

Insider Buying and Selling

In related news, CFO Keith D. Taylor sold 2,454 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $929.34, for a total transaction of $2,280,600.36. Following the completion of the transaction, the chief financial officer now directly owns 24,402 shares in the company, valued at $22,677,754.68. This represents a 9.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brandi Galvin Morandi sold 684 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total value of $643,308.84. Following the transaction, the insider now owns 8,377 shares of the company’s stock, valued at approximately $7,878,652.27. The trade was a 7.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,167 shares of company stock worth $6,658,536 in the last three months. 0.27% of the stock is owned by insiders.

Equinix Company 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.