BBVA USA Bancshares Inc. Purchases 36 Shares of Equinix Inc (NASDAQ:EQIX)

BBVA USA Bancshares Inc. grew its position in Equinix Inc (NASDAQ:EQIX) by 2.6% during the second quarter, HoldingsChannel reports. The firm owned 1,424 shares of the financial services provider’s stock after buying an additional 36 shares during the quarter. BBVA USA Bancshares Inc.’s holdings in Equinix were worth $1,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Ayalon Holdings Ltd. raised its position in shares of Equinix by 0.7% in the second quarter. Ayalon Holdings Ltd. now owns 2,153 shares of the financial services provider’s stock valued at $1,568,000 after purchasing an additional 15 shares during the period. Harvest Fund Management Co. Ltd raised its position in shares of Equinix by 2.7% in the first quarter. Harvest Fund Management Co. Ltd now owns 657 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 17 shares during the period. Fieldpoint Private Securities LLC raised its position in shares of Equinix by 4.3% in the first quarter. Fieldpoint Private Securities LLC now owns 412 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 17 shares during the period. Vectors Research Management LLC raised its position in shares of Equinix by 0.3% in the first quarter. Vectors Research Management LLC now owns 5,792 shares of the financial services provider’s stock valued at $3,618,000 after purchasing an additional 18 shares during the period. Finally, Belpointe Asset Management LLC raised its position in shares of Equinix by 7.2% in the fourth quarter. Belpointe Asset Management LLC now owns 296 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 20 shares during the period. 93.48% of the stock is currently owned by institutional investors.

Shares of NASDAQ:EQIX opened at $735.52 on Thursday. Equinix Inc has a 52 week low of $477.87 and a 52 week high of $737.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.26 and a current ratio of 1.26. The company’s fifty day moving average is $701.90 and its 200-day moving average is $646.50. The company has a market capitalization of $62.38 billion, a PE ratio of 31.41, a P/E/G ratio of 2.29 and a beta of 0.41.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $1.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.40 by ($4.02). Equinix had a net margin of 9.00% and a return on equity of 5.80%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the firm posted $5.95 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts forecast that Equinix Inc will post 21.55 EPS for the current year.

In related news, insider Brandi Galvin Morandi sold 1,363 shares of Equinix stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $672.47, for a total value of $916,576.61. Following the completion of the transaction, the insider now directly owns 19,626 shares of the company’s stock, valued at $13,197,896.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sara Baack sold 250 shares of Equinix stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $670.34, for a total value of $167,585.00. Following the completion of the transaction, the insider now directly owns 10,929 shares of the company’s stock, valued at $7,326,145.86. The disclosure for this sale can be found here. Insiders sold a total of 5,291 shares of company stock worth $3,605,292 in the last 90 days. 0.49% of the stock is owned by corporate insiders.

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Co raised their price objective on shares of Equinix from $745.00 to $790.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Oppenheimer assumed coverage on shares of Equinix in a research note on Monday, June 1st. They issued a “buy” rating and a $730.00 price objective on the stock. BMO Capital Markets raised their price objective on shares of Equinix from $707.00 to $745.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Raymond James downgraded shares of Equinix from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, April 16th. They noted that the move was a valuation call. Finally, Nomura Securities raised their price objective on shares of Equinix from $625.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $714.74.

Equinix Profile

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

Further Reading: What is a good rate of return for a mutual fund?

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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