Equinix, Inc. (EQIX) Shares Bought by Arizona State Retirement System
Arizona State Retirement System boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 19.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,139 shares of the financial services provider’s stock after buying an additional 3,617 shares during the period. Arizona State Retirement System’s holdings in Equinix were worth $9,501,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Equinix by 9.9% in the first quarter. Vanguard Group Inc. now owns 13,186,442 shares of the financial services provider’s stock worth $5,279,456,000 after buying an additional 1,192,961 shares during the period. BlackRock Inc. boosted its stake in Equinix by 3,737.0% in the first quarter. BlackRock Inc. now owns 6,295,590 shares of the financial services provider’s stock worth $2,520,566,000 after buying an additional 6,131,516 shares during the period. State Street Corp boosted its stake in Equinix by 5.2% in the first quarter. State Street Corp now owns 3,007,201 shares of the financial services provider’s stock worth $1,204,001,000 after buying an additional 149,260 shares during the period. FMR LLC boosted its stake in Equinix by 6.1% in the first quarter. FMR LLC now owns 2,727,291 shares of the financial services provider’s stock worth $1,091,925,000 after buying an additional 155,793 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Equinix by 5.6% in the first quarter. Principal Financial Group Inc. now owns 1,909,287 shares of the financial services provider’s stock worth $763,459,000 after buying an additional 102,082 shares during the period. Institutional investors and hedge funds own 95.31% of the company’s stock.
Shares of Equinix, Inc. (NASDAQ EQIX) opened at 439.48 on Friday. The stock has a market cap of $34.26 billion, a price-to-earnings ratio of 161.40 and a beta of 0.59. Equinix, Inc. has a one year low of $314.55 and a one year high of $459.00. The firm has a 50-day moving average price of $437.69 and a 200-day moving average price of $412.12.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.58 EPS for the quarter, missing the consensus estimate of $3.41 by $2.83. Equinix had a net margin of 5.18% and a return on equity of 5.51%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. Analysts anticipate that Equinix, Inc. will post $3.94 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 paid a $2.00 dividend. The ex-dividend date is Monday, August 21st. This represents a $8.00 annualized dividend and a dividend yield of 1.82%. Equinix’s payout ratio is currently 293.04%.
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A number of analysts have recently commented on EQIX shares. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $472.00 target price (up previously from $440.00) on shares of Equinix in a research report on Thursday, May 4th. Royal Bank Of Canada reiterated a “buy” rating and set a $470.00 target price on shares of Equinix in a research report on Wednesday, May 31st. Jefferies Group LLC lifted their target price on Equinix from $378.00 to $410.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Cowen and Company lifted their target price on Equinix from $453.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Finally, Credit Suisse Group started coverage on Equinix in a research report on Friday, June 30th. They set an “outperform” rating and a $510.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $464.78.
In other Equinix news, Director Camp Peter Van sold 4,444 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $445.81, for a total value of $1,981,179.64. Following the sale, the director now owns 8,572 shares in the company, valued at $3,821,483.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Keith D. Taylor sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $440.99, for a total transaction of $440,990.00. Following the completion of the sale, the chief financial officer now owns 36,296 shares in the company, valued at approximately $16,006,173.04. The disclosure for this sale can be found here. Insiders sold 22,143 shares of company stock worth $9,703,456 in the last 90 days. 0.58% of the stock is owned by company insiders.
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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