Equinix, Inc. $EQIX Stock Sold by Danske Bank A S

Danske Bank A S trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,969 shares of the financial services provider’s stock after selling 3,310 shares during the quarter. Danske Bank A S’s holdings in Equinix were worth $89,999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of EQIX. BlackRock Inc. bought a new position in shares of Equinix in the second quarter valued at approximately $11,930,074,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Equinix by 26,831.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock worth $1,291,648,000 after acquiring an additional 1,234,521 shares during the last quarter. Legal & General Group Plc bought a new stake in Equinix during the 2nd quarter worth approximately $1,181,260,000. Canada Pension Plan Investment Board bought a new stake in Equinix during the 2nd quarter worth approximately $1,163,662,000. Finally, Deutsche Bank AG acquired a new stake in Equinix during the 2nd quarter valued at $1,118,930,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity

In other Equinix news, insider Michael Paladin sold 307 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total value of $317,748.07. Following the transaction, the insider owned 2,450 shares of the company’s stock, valued at approximately $2,535,774.50. This represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 198 shares of Equinix stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $1,014.18, for a total transaction of $200,807.64. Following the transaction, the insider directly owned 3,879 shares in the company, valued at $3,934,004.22. The trade was a 4.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 968 shares of company stock valued at $1,007,885. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EQIX has been the subject of several research analyst reports. BTIG Research lifted their price objective on Equinix from $1,210.00 to $1,240.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. BNP Paribas Exane decreased their target price on Equinix from $1,222.00 to $1,219.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. UBS Group increased their target price on Equinix from $1,210.00 to $1,265.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating and issued a $1,340.00 target price (up from $1,300.00) on shares of Equinix in a research note on Thursday, July 30th. Finally, Barclays lifted their price target on Equinix from $1,130.00 to $1,135.00 and gave the company an “equal weight” rating in a report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,234.13.

Equinix Trading Down 1.8%

Shares of EQIX stock traded down $18.98 on Friday, reaching $1,053.79. 445,928 shares of the stock were exchanged, compared to its average volume of 723,856. The stock has a market cap of $103.98 billion, a PE ratio of 63.29, a P/E/G ratio of 1.50 and a beta of 0.98. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a 50 day moving average price of $1,019.12 and a 200 day moving average price of $1,019.84.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $4.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.11 by $0.82. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Equinix had a return on equity of 11.49% and a net margin of 16.38%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.83 earnings per share. Equities research analysts forecast that Equinix, Inc. will post 39.01 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, November 18th will be given a dividend of $5.16 per share. The ex-dividend date is Wednesday, November 18th. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. Equinix’s dividend payout ratio is presently 123.96%.

Equinix Profile

Equinix, Inc. is a global digital infrastructure company that operates data centers where businesses can house their computing and networking equipment. Its colocation services support organizations seeking secure, reliable facilities for their IT systems. The company also provides interconnection services that enable customers to connect with cloud providers, networks, business partners and one another. Its Equinix Fabric platform offers software-defined connectivity, while its xScale facilities are designed to serve large-scale cloud and technology companies.