Equinix, Inc. (EQIX) Shares Bought by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 4.0% during the second quarter, Holdings Channel reports. The firm owned 3,086 shares of the financial services provider’s stock after buying an additional 119 shares during the period. Janney Montgomery Scott LLC’s holdings in Equinix were worth $1,325,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in EQIX. Cpcm LLC increased its stake in 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 during the period. Bronfman E.L. Rothschild L.P. increased its stake in 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 during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in Equinix by 3.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 650 shares of the financial services provider’s stock worth $260,000 after buying an additional 20 shares during the period. Keybank National Association OH increased its stake in Equinix by 1.8% in the first quarter. Keybank National Association OH now owns 1,554 shares of the financial services provider’s stock worth $622,000 after buying an additional 27 shares during the period. Finally, Guardian Life Insurance Co. of America increased its stake in Equinix by 9.9% in the first quarter. Guardian Life Insurance Co. of America now owns 300 shares of the financial services provider’s stock worth $120,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 95.31% of the company’s stock.
Shares of Equinix, Inc. (NASDAQ EQIX) opened at 439.48 on Friday. The firm has a market capitalization of $34.26 billion, a P/E ratio of 161.40 and a beta of 0.59. The firm’s 50-day moving average is $437.69 and its 200 day moving average is $412.12. Equinix, Inc. has a 52 week low of $314.55 and a 52 week high of $459.00.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by $2.83. Equinix had a net margin of 5.18% and a return on equity of 5.51%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. Equities research analysts forecast that Equinix, Inc. will post $3.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders 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 dividend yield of 1.82%. Equinix’s dividend payout ratio is 293.04%.
A number of equities research analysts have weighed in on the company. Barclays PLC restated an “equal weight” rating and issued a $475.00 target price (up from $410.00) on shares of Equinix in a research report on Wednesday. Nomura assumed coverage on Equinix in a research report on Thursday, May 25th. They set a “buy” rating and a $490.00 price objective for the company. Canaccord Genuity reiterated a “buy” rating and set a $525.00 price objective on shares of Equinix in a research report on Monday, June 12th. Cowen and Company reiterated a “buy” rating on shares of Equinix in a research report on Friday, July 21st. Finally, Royal Bank Of Canada increased their price objective on Equinix from $470.00 to $505.00 and gave the company an “outperform” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $464.78.
In other news, insider Yau Tat Lee sold 5,875 shares of Equinix stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $438.70, for a total transaction of $2,577,362.50. Following the transaction, the insider now directly owns 5,485 shares of the company’s stock, valued at $2,406,269.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Keith D. Taylor sold 1,000 shares of Equinix stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $440.99, for a total transaction of $440,990.00. Following the transaction, the chief financial officer now directly owns 36,296 shares in the company, valued at $16,006,173.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,143 shares of company stock worth $9,703,456. Insiders own 0.58% of the company’s stock.
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.
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