CVA Family Office LLC Has $76,000 Stake in Equinix, Inc. (NASDAQ:EQIX)

CVA Family Office LLC increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX – Get Rating) by 70.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 133 shares of the financial services provider’s stock after acquiring an additional 55 shares during the period. CVA Family Office LLC’s holdings in Equinix were worth $76,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. CoreCap Advisors LLC acquired a new stake in Equinix in the 2nd quarter valued at approximately $25,000. Guardian Wealth Advisors LLC acquired a new stake in Equinix in the 3rd quarter valued at approximately $32,000. Castleview Partners LLC grew its holdings in Equinix by 63,515.9% in the 2nd quarter. Castleview Partners LLC now owns 40,078 shares of the financial services provider’s stock valued at $61,000 after buying an additional 40,015 shares during the last quarter. Advanced Research Investment Solutions LLC acquired a new stake in Equinix in the 3rd quarter valued at approximately $67,000. Finally, Core Alternative Capital grew its holdings in Equinix by 44.4% in the 3rd quarter. Core Alternative Capital now owns 130 shares of the financial services provider’s stock valued at $74,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 92.80% of the company’s stock.

Equinix Trading Up 1.1 %

EQIX stock opened at $702.58 on Friday. The business has a fifty day moving average price of $710.32 and a 200 day moving average price of $652.67. Equinix, Inc. has a fifty-two week low of $494.89 and a fifty-two week high of $776.35. The stock has a market capitalization of $65.19 billion, a price-to-earnings ratio of 91.48, a P/E/G ratio of 2.26 and a beta of 0.61. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.80 and a quick ratio of 1.80.

Equinix (NASDAQ:EQIX – Get Rating) last released its quarterly earnings results on Wednesday, February 15th. The financial services provider reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $5.90 by ($4.51). Equinix had a net margin of 9.70% and a return on equity of 6.37%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business earned $6.22 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts expect that Equinix, Inc. will post 27.59 EPS for the current fiscal year.

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Tuesday, March 7th will be paid a $3.41 dividend. This is a boost from Equinix’s previous quarterly dividend of $3.10. This represents a $13.64 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, March 6th. Equinix’s dividend payout ratio (DPR) is 177.60%.

Insider Activity

In other news, CFO Keith D. Taylor sold 1,358 shares of Equinix stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $688.48, for a total value of $934,955.84. Following the completion of the sale, the chief financial officer now directly owns 24,177 shares of the company’s stock, valued at approximately $16,645,380.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Keith D. Taylor sold 1,358 shares of Equinix stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $688.48, for a total value of $934,955.84. Following the completion of the sale, the chief financial officer now directly owns 24,177 shares of the company’s stock, valued at approximately $16,645,380.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Camp Peter Van sold 462 shares of Equinix stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $708.61, for a total value of $327,377.82. Following the completion of the sale, the chairman now directly owns 7,416 shares of the company’s stock, valued at $5,255,051.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,971 shares of company stock valued at $14,666,488. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

EQIX has been the topic of a number of research analyst reports. Cowen raised Equinix from a “market perform” rating to an “outperform” rating and set a $811.00 target price on the stock in a report on Tuesday, December 13th. Credit Suisse Group lowered their target price on Equinix from $762.00 to $753.00 and set a “neutral” rating on the stock in a report on Thursday, February 16th. BMO Capital Markets raised their price objective on Equinix from $740.00 to $755.00 and gave the stock a “market perform” rating in a research report on Thursday, February 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Equinix from $725.00 to $760.00 and gave the stock a “buy” rating in a research report on Wednesday, February 22nd. Finally, Morgan Stanley reduced their price objective on Equinix from $704.00 to $702.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 15th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Equinix presently has an average rating of “Moderate Buy” and a consensus price target of $779.28.

Equinix Company Profile

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Equinix, Inc engages in the provision of collocation space and develops data center solutions. The firm offers secure key management, consulting, network virtualization, customer support, and managed services. It operates through the following geographical segments: Americas, Europe, Middle East & Africa and Asia-Pacific.