Charles J. Meyers Sells 282 Shares of Equinix Inc (EQIX) Stock
Equinix Inc (NASDAQ:EQIX) CEO Charles J. Meyers sold 282 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $462.31, for a total transaction of $130,371.42. Following the sale, the chief executive officer now directly owns 5,882 shares of the company’s stock, valued at approximately $2,719,307.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Equinix stock opened at $446.44 on Friday. The company has a market capitalization of $36.05 billion, a P/E ratio of 21.58, a PEG ratio of 1.62 and a beta of 0.91. Equinix Inc has a 12-month low of $335.29 and a 12-month high of $467.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.51.
Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, February 13th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.46 by ($3.10). The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Equinix had a return on equity of 6.88% and a net margin of 7.20%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 earnings per share. Analysts forecast that Equinix Inc will post 20.89 EPS for the current year.
EQIX has been the subject of several research reports. Nomura upped their price target on shares of Equinix from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, March 29th. Berenberg Bank initiated coverage on shares of Equinix in a research report on Tuesday, January 8th. They set a “buy” rating and a $477.00 price target for the company. Zacks Investment Research lowered shares of Equinix from a “hold” rating to a “sell” rating in a research report on Monday, February 11th. BidaskClub raised shares of Equinix from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Finally, Credit Suisse Group upped their price target on shares of Equinix from $467.00 to $474.00 and gave the company an “outperform” rating in a research report on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $491.08.
Institutional investors have recently added to or reduced their stakes in the stock. MML Investors Services LLC increased its holdings in Equinix by 6.1% in the 4th quarter. MML Investors Services LLC now owns 3,241 shares of the financial services provider’s stock worth $1,143,000 after acquiring an additional 185 shares in the last quarter. CapWealth Advisors LLC increased its holdings in Equinix by 5.1% in the 4th quarter. CapWealth Advisors LLC now owns 39,093 shares of the financial services provider’s stock worth $13,783,000 after acquiring an additional 1,909 shares in the last quarter. Highland Capital Management LLC increased its holdings in Equinix by 79.6% in the 4th quarter. Highland Capital Management LLC now owns 1,827 shares of the financial services provider’s stock worth $644,000 after acquiring an additional 810 shares in the last quarter. Calamos Wealth Management LLC purchased a new stake in Equinix in the 4th quarter worth approximately $2,266,000. Finally, State of Alaska Department of Revenue increased its holdings in Equinix by 2.7% in the 4th quarter. State of Alaska Department of Revenue now owns 39,791 shares of the financial services provider’s stock worth $14,026,000 after acquiring an additional 1,037 shares in the last quarter. 98.92% of the stock is owned by institutional investors.
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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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