Equinix, Inc. (EQIX) Holdings Raised by Girard Partners LTD.
Girard Partners LTD. raised its position in Equinix, Inc. (NASDAQ:EQIX) by 22.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,605 shares of the financial services provider’s stock after purchasing an additional 294 shares during the period. Girard Partners LTD.’s holdings in Equinix were worth $716,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Stephens Inc. AR increased its position in shares of Equinix by 21.2% in the 3rd quarter. Stephens Inc. AR now owns 18,102 shares of the financial services provider’s stock valued at $8,079,000 after purchasing an additional 3,164 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Equinix by 2.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 623,069 shares of the financial services provider’s stock valued at $278,044,000 after buying an additional 12,712 shares during the last quarter. Ninepoint Partners LP purchased a new position in shares of Equinix in the 3rd quarter valued at $763,000. Commonwealth Equity Services Inc grew its position in shares of Equinix by 7.3% in the 3rd quarter. Commonwealth Equity Services Inc now owns 1,729 shares of the financial services provider’s stock valued at $771,000 after buying an additional 118 shares during the last quarter. Finally, Timber Hill LLC purchased a new position in shares of Equinix in the 3rd quarter valued at $316,000. 95.31% of the stock is currently owned by institutional investors.
In related news, insider Karl Strohmeyer sold 250 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $464.96, for a total value of $116,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Earl Campbell sold 200 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $479.37, for a total transaction of $95,874.00. Following the completion of the sale, the insider now owns 1,125 shares of the company’s stock, valued at approximately $539,291.25. The disclosure for this sale can be found here. Insiders sold a total of 7,760 shares of company stock valued at $3,555,070 in the last 90 days. Company insiders own 0.58% of the company’s stock.
EQIX has been the topic of a number of recent analyst reports. BidaskClub raised shares of Equinix from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Barclays PLC reaffirmed an “equal weight” rating and issued a $475.00 target price (up from $410.00) on shares of Equinix in a research report on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $497.00 target price (up from $485.00) on shares of Equinix in a research report on Thursday, August 3rd. Cowen and Company reaffirmed an “outperform” rating and issued a $482.00 target price (up from $465.00) on shares of Equinix in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada increased their target price on shares of Equinix from $470.00 to $505.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. Three analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $495.20.
Equinix, Inc. (NASDAQ:EQIX) traded down $2.29 during mid-day trading on Monday, hitting $472.80. 297,600 shares of the stock traded hands, compared to its average volume of 499,446. Equinix, Inc. has a one year low of $327.37 and a one year high of $495.35. The firm has a market cap of $36,990.00, a PE ratio of 26.59, a PEG ratio of 1.90 and a beta of 0.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.11 and a quick ratio of 2.11.
Equinix (NASDAQ:EQIX) last released its earnings results 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 net margin of 5.58% and a return on equity of 5.59%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the business earned $3.95 EPS. The business’s revenue was up 24.6% on a year-over-year basis. equities research analysts forecast that Equinix, Inc. will post 16.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 15th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Tuesday, November 14th. Equinix’s dividend payout ratio (DPR) is presently 259.74%.
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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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