Alpine Woods Capital Investors LLC Has $18.61 Million Position in Equinix, Inc. (EQIX)

Alpine Woods Capital Investors LLC lowered its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,700 shares of the financial services provider’s stock after selling 2,300 shares during the period. Equinix makes up approximately 1.0% of Alpine Woods Capital Investors LLC’s portfolio, making the stock its 17th largest position. Alpine Woods Capital Investors LLC owned approximately 0.05% of Equinix worth $18,611,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EQIX. Forsta AP Fonden grew its position in Equinix by 33.8% in the 3rd quarter. Forsta AP Fonden now owns 30,100 shares of the financial services provider’s stock worth $13,434,000 after purchasing an additional 7,600 shares during the period. Verition Fund Management LLC grew its position in Equinix by 17.0% in the 2nd quarter. Verition Fund Management LLC now owns 819 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 119 shares during the period. Nicholas Company Inc. bought a new stake in Equinix in the 2nd quarter worth approximately $3,201,000. Honeywell International Inc. grew its position in Equinix by 30.0% in the 3rd quarter. Honeywell International Inc. now owns 22,253 shares of the financial services provider’s stock worth $9,932,000 after purchasing an additional 5,139 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Equinix by 7.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 610,357 shares of the financial services provider’s stock worth $261,747,000 after purchasing an additional 43,933 shares during the period. 95.31% of the stock is owned by institutional investors.

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Several research analysts have recently weighed in on the stock. Barclays PLC reiterated an “equal weight” rating and set a $475.00 price target (up previously from $410.00) on shares of Equinix in a research note on Wednesday, August 9th. Citigroup Inc. lifted their price target on shares of Equinix from $518.00 to $530.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. BidaskClub cut shares of Equinix from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada lifted their price target on shares of Equinix from $470.00 to $505.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. Finally, Cowen and Company reiterated a “buy” rating and set a $482.00 price target on shares of Equinix in a research note on Friday, November 10th. Three research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Equinix has an average rating of “Buy” and an average target price of $495.20.

Shares of Equinix, Inc. (EQIX) traded down $2.29 during mid-day trading on Monday, reaching $472.80. 297,600 shares of the company’s stock traded hands, compared to its average volume of 499,446. The stock has a market cap of $36,990.00, a PE ratio of 26.59, a P/E/G ratio of 1.90 and a beta of 0.46. Equinix, Inc. has a 1-year low of $327.37 and a 1-year high of $495.35. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.11 and a current ratio of 2.11.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 15th will be issued a $2.00 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.69%. Equinix’s dividend payout ratio (DPR) is presently 259.74%.

In related news, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $438.46, for a total transaction of $657,690.00. Following the transaction, the chief financial officer now directly owns 31,393 shares in the company, valued at approximately $13,764,574.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Earl Campbell sold 200 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $479.37, for a total transaction of $95,874.00. Following the transaction, the insider now owns 1,125 shares in the company, valued at $539,291.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,760 shares of company stock worth $3,555,070. Insiders own 0.58% of the company’s stock.

Equinix 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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