5,500 Shares in Equinix, Inc. (EQIX) Purchased by Point72 Asset Management L.P.
Point72 Asset Management L.P. acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,500 shares of the financial services provider’s stock, valued at approximately $2,455,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EQIX. Highbridge Capital Management LLC increased its stake in shares of Equinix by 47.2% in the 3rd quarter. Highbridge Capital Management LLC now owns 20,842 shares of the financial services provider’s stock valued at $9,302,000 after purchasing an additional 6,680 shares in the last quarter. Zions Bancorporation increased its stake in shares of Equinix by 2,550.0% in the 3rd quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 255 shares in the last quarter. Caxton Associates LP purchased a new position in shares of Equinix in the 3rd quarter valued at about $357,000. Chevy Chase Trust Holdings Inc. increased its stake in shares of Equinix by 1.2% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 68,029 shares of the financial services provider’s stock valued at $30,361,000 after purchasing an additional 832 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its stake in shares of Equinix by 52.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 432,015 shares of the financial services provider’s stock valued at $192,808,000 after purchasing an additional 148,638 shares in the last quarter. Institutional investors and hedge funds own 94.16% of the company’s stock.
EQIX has been the subject of several recent analyst reports. BidaskClub upgraded Equinix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Berenberg Bank initiated coverage on Equinix in a research note on Tuesday, September 26th. They issued a “buy” rating and a $550.00 price target for the company. Jefferies Group restated a “hold” rating and issued a $440.00 price target on shares of Equinix in a research note on Thursday, October 12th. Barclays upgraded Equinix from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $475.00 to $505.00 in a research note on Wednesday, October 18th. Finally, UBS initiated coverage on Equinix in a research note on Wednesday, October 18th. They issued a “neutral” rating for the company. Three equities 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 company’s stock. Equinix presently has an average rating of “Buy” and a consensus target price of $501.70.
Shares of Equinix, Inc. (NASDAQ:EQIX) opened at $447.20 on Thursday. Equinix, Inc. has a 52 week low of $347.99 and a 52 week 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. The company has a market capitalization of $35,089.38, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 1.80 and a beta of 0.46.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $2.24. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business earned $3.95 EPS. Equinix’s quarterly revenue was up 24.6% on a year-over-year basis. equities analysts anticipate that Equinix, Inc. will post 16.05 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 15th were paid a dividend of $2.00 per share. The ex-dividend date was Tuesday, November 14th. This represents a $8.00 annualized dividend and a yield of 1.79%. Equinix’s dividend payout ratio (DPR) is currently 264.03%.
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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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