Equinix, Inc. (NASDAQ:EQIX) CFO Keith D. Taylor sold 1,000 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $464.57, for a total value of $464,570.00. Following the completion of the transaction, the chief financial officer now owns 32,096 shares in the company, valued at $14,910,838.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Equinix, Inc. (NASDAQ:EQIX) opened at 466.24 on Wednesday. Equinix, Inc. has a 12 month low of $314.55 and a 12 month high of $468.16.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 EPS for the quarter, topping the Zacks’ consensus estimate of $3.41 by $1.18. Equinix had a return on equity of 5.51% and a net margin of 5.18%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. On average, equities analysts forecast that Equinix, Inc. will post $3.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $8.00 dividend on an annualized basis and a yield of 1.72%. Equinix’s dividend payout ratio is currently 293.04%.

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Hedge funds have recently modified their holdings of the company. Cpcm LLC boosted its stake in shares of Equinix by 0.4% in the first quarter. Cpcm LLC now owns 1,255 shares of the financial services provider’s stock worth $502,000 after buying an additional 5 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Equinix by 2.9% in the second quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock worth $112,000 after buying an additional 7 shares in the last quarter. Conning Inc. boosted its stake in shares of Equinix by 0.6% in the second quarter. Conning Inc. now owns 1,550 shares of the financial services provider’s stock worth $665,000 after buying an additional 10 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Equinix by 2.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 593 shares of the financial services provider’s stock worth $237,000 after buying an additional 12 shares in the last quarter. Finally, New Amsterdam Partners LLC NY boosted its stake in shares of Equinix by 2.7% in the second quarter. New Amsterdam Partners LLC NY now owns 571 shares of the financial services provider’s stock worth $245,000 after buying an additional 15 shares in the last quarter. 94.41% of the stock is owned by institutional investors.

A number of brokerages recently issued reports on EQIX. BidaskClub upgraded Equinix from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Barclays PLC reiterated an “equal weight” rating and issued a $475.00 target price (up from $410.00) on shares of Equinix in a report on Thursday, August 3rd. Stifel Nicolaus restated a “buy” rating and set a $497.00 price objective (up from $485.00) on shares of Equinix in a research note on Thursday, August 3rd. Cowen and Company restated an “outperform” rating and set a $482.00 price objective (up from $465.00) on shares of Equinix in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada raised their price objective on Equinix from $470.00 to $505.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $464.78.

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.

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

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