DekaBank Deutsche Girozentrale raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,148 shares of the financial services provider’s stock after purchasing an additional 2,932 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.11% of Equinix worth $38,877,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC grew its stake in Equinix by 0.4% during the 2nd quarter. FMR LLC now owns 2,737,598 shares of the financial services provider’s stock valued at $1,174,868,000 after purchasing an additional 10,307 shares in the last quarter. Principal Financial Group Inc. grew its stake in Equinix by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,898,601 shares of the financial services provider’s stock valued at $847,345,000 after purchasing an additional 6,178 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Equinix by 13.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,384,864 shares of the financial services provider’s stock valued at $594,329,000 after purchasing an additional 168,661 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Equinix by 22.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,182,730 shares of the financial services provider’s stock valued at $507,583,000 after purchasing an additional 214,396 shares in the last quarter. Finally, Capital World Investors grew its stake in Equinix by 247.0% during the 2nd quarter. Capital World Investors now owns 1,069,359 shares of the financial services provider’s stock valued at $458,926,000 after purchasing an additional 761,220 shares in the last quarter. Hedge funds and other institutional investors own 95.09% of the company’s stock.
In related news, Director Christopher B. Paisley sold 593 shares of Equinix stock in a transaction on Monday, November 6th. The stock was sold at an average price of $484.99, for a total transaction of $287,599.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Charles J. Meyers sold 1,090 shares of Equinix stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $459.80, for a total value of $501,182.00. Following the sale, the chief operating officer now directly owns 2,297 shares of the company’s stock, valued at approximately $1,056,160.60. The disclosure for this sale can be found here. In the last three months, insiders sold 7,560 shares of company stock worth $3,459,196. Company insiders own 0.58% of the company’s stock.
Shares of Equinix, Inc. (EQIX) traded up $1.91 during midday trading on Tuesday, hitting $484.12. The company had a trading volume of 428,800 shares, compared to its average volume of 502,095. The company has a market cap of $37,725.07, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 1.94 and a beta of 0.46. Equinix, Inc. has a 1-year low of $314.55 and a 1-year high of $495.35. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.51.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $2.24. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The business’s revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $3.95 EPS. equities research analysts forecast that Equinix, Inc. will post 16.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 15th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Tuesday, November 14th. Equinix’s dividend payout ratio (DPR) is 264.03%.
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EQIX has been the subject of a number of recent analyst reports. BidaskClub lowered Equinix from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. Stifel Nicolaus restated a “buy” rating and set a $497.00 price objective (up previously from $485.00) on shares of Equinix in a research note on Thursday, August 3rd. Berenberg Bank initiated coverage on Equinix in a research note on Tuesday, September 26th. They set a “buy” rating and a $550.00 price objective for the company. Cowen and Company restated a “buy” rating on shares of Equinix in a research note on Friday, July 21st. Finally, Deutsche Bank AG initiated coverage on Equinix in a research note on Tuesday, October 24th. They set a “buy” rating and a $550.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $495.20.
Equinix Company 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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