Equinix Inc (NASDAQ:EQIX) Insider Sells $141,332.50 in Stock

Equinix Inc (NASDAQ:EQIX) insider Sara Baack sold 250 shares of Equinix stock in a transaction on Friday, November 1st. The stock was sold at an average price of $565.33, for a total transaction of $141,332.50. Following the transaction, the insider now directly owns 8,172 shares of the company’s stock, valued at $4,619,876.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NASDAQ:EQIX opened at $531.88 on Thursday. Equinix Inc has a twelve month low of $335.29 and a twelve month high of $609.97. The company has a market cap of $43.93 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 1.81 and a beta of 0.69. The stock has a fifty day simple moving average of $568.62 and a 200-day simple moving average of $524.30. The company has a current ratio of 1.55, a quick ratio of 1.59 and a debt-to-equity ratio of 1.33.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, October 30th. The financial services provider reported $1.41 earnings per share for the quarter, missing the consensus estimate of $4.96 by ($3.55). Equinix had a return on equity of 5.94% and a net margin of 9.03%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the business posted $1.55 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities research analysts predict that Equinix Inc will post 20.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 20th will be given a dividend of $2.46 per share. The ex-dividend date is Tuesday, November 19th. This represents a $9.84 annualized dividend and a dividend yield of 1.85%. Equinix’s dividend payout ratio (DPR) is 47.56%.

Several research firms have commented on EQIX. Nomura lifted their price objective on shares of Equinix from $575.00 to $625.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Credit Suisse Group set a $581.00 price objective on shares of Equinix and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus lifted their price objective on shares of Equinix from $610.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. FBN Securities lifted their price objective on shares of Equinix from $550.00 to $625.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $620.00 price objective (up from $545.00) on shares of Equinix in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Equinix has a consensus rating of “Buy” and a consensus price target of $567.90.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Equinix by 1.0% during the second quarter. Vanguard Group Inc. now owns 10,717,936 shares of the financial services provider’s stock worth $5,404,948,000 after purchasing an additional 102,976 shares during the last quarter. Edgewood Management LLC raised its holdings in shares of Equinix by 1.0% in the second quarter. Edgewood Management LLC now owns 3,637,333 shares of the financial services provider’s stock valued at $1,834,270,000 after acquiring an additional 36,129 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Equinix by 3.7% in the second quarter. Northern Trust Corp now owns 1,240,929 shares of the financial services provider’s stock valued at $625,787,000 after acquiring an additional 43,861 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Equinix by 195.3% in the second quarter. Nuveen Asset Management LLC now owns 1,038,360 shares of the financial services provider’s stock valued at $523,634,000 after acquiring an additional 686,771 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its holdings in shares of Equinix by 3.8% in the second quarter. Pictet Asset Management Ltd. now owns 652,018 shares of the financial services provider’s stock valued at $328,806,000 after acquiring an additional 23,818 shares in the last quarter. Institutional investors and hedge funds own 98.59% of the company’s stock.

Equinix Company 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.

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Insider Buying and Selling by Quarter for Equinix (NASDAQ:EQIX)

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