Equinix, Inc. (EQIX) Position Increased by Highbridge Capital Management LLC
Highbridge Capital Management LLC boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 47.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,842 shares of the financial services provider’s stock after purchasing an additional 6,680 shares during the quarter. Highbridge Capital Management LLC’s holdings in Equinix were worth $9,302,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in EQIX. Capital World Investors boosted its stake in Equinix by 247.0% during the 2nd quarter. Capital World Investors now owns 1,069,359 shares of the financial services provider’s stock valued at $458,926,000 after purchasing an additional 761,220 shares during the period. Janus Henderson Group PLC boosted its stake in Equinix by 1,517.9% during the 2nd quarter. Janus Henderson Group PLC now owns 499,004 shares of the financial services provider’s stock valued at $214,150,000 after purchasing an additional 468,162 shares during the period. Uniplan Investment Counsel Inc. bought a new stake in Equinix during the 2nd quarter valued at approximately $13,563,000. Egerton Capital UK LLP boosted its stake in Equinix by 152.0% during the 3rd quarter. Egerton Capital UK LLP now owns 487,173 shares of the financial services provider’s stock valued at $217,425,000 after purchasing an additional 293,842 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Equinix by 22.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,182,730 shares of the financial services provider’s stock valued at $507,583,000 after purchasing an additional 214,396 shares during the period. Hedge funds and other institutional investors own 94.34% of the company’s stock.
In other news, insider Michael Earl Campbell sold 200 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $463.61, for a total value of $92,722.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Keith D. Taylor sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $438.46, for a total value of $657,690.00. Following the completion of the transaction, the chief financial officer now directly owns 31,393 shares of the company’s stock, valued at $13,764,574.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,993 shares of company stock valued at $2,770,635. 0.58% of the stock is currently owned by insiders.
Equinix, Inc. (NASDAQ:EQIX) opened at $449.58 on Tuesday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $35,392.14, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 1.82 and a beta of 0.46. Equinix, Inc. has a twelve month low of $343.55 and a twelve month high of $495.35.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.63 EPS for the quarter, beating the 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 firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm posted $3.95 EPS. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. equities research analysts expect that Equinix, Inc. will post 16.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 15th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.78%. Equinix’s payout ratio is presently 264.03%.
Several analysts recently weighed in on EQIX shares. Citigroup increased their target price on Equinix from $518.00 to $530.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Nomura increased their target price on Equinix from $490.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Berenberg Bank started coverage on Equinix in a research note on Tuesday, September 26th. They set a “buy” rating and a $550.00 target price for the company. Deutsche Bank assumed coverage on Equinix in a research note on Tuesday, October 24th. They set a “buy” rating and a $550.00 target price for the company. Finally, Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $547.00 price target for the company in a report on Monday, November 6th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $500.74.
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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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