Equinix, Inc. (EQIX) Shares Bought by Pacer Advisors Inc.
Pacer Advisors Inc. increased its position in Equinix, Inc. (NASDAQ:EQIX) by 10.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,124 shares of the financial services provider’s stock after purchasing an additional 195 shares during the quarter. Pacer Advisors Inc.’s holdings in Equinix were worth $948,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in EQIX. Proficio Capital Partners LLC grew its stake in 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 purchasing an additional 7 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new position in Equinix in the second quarter worth approximately $127,000. Smithfield Trust Co. grew its stake in Equinix by 19.1% in the second quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 54 shares in the last quarter. Commerce Bank bought a new position in Equinix in the third quarter worth approximately $203,000. Finally, Bienville Capital Management LLC bought a new position in Equinix in the second quarter worth approximately $213,000. 95.31% of the stock is currently owned by institutional investors.
Shares of Equinix, Inc. (NASDAQ EQIX) opened at $474.07 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.11 and a quick ratio of 2.11. The firm has a market capitalization of $36,955.25, a price-to-earnings ratio of 26.57, a PEG ratio of 1.90 and a beta of 0.46. Equinix, Inc. has a 52-week low of $327.37 and a 52-week high of $495.35.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $2.24. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.95 EPS. research analysts expect that Equinix, Inc. will post 16.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 15th will be given a $2.00 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.69%. Equinix’s payout ratio is 264.03%.
Several brokerages have issued reports on EQIX. Citigroup Inc. increased their target price on Equinix from $518.00 to $530.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Morgan Stanley increased their target price on Equinix from $424.00 to $435.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $547.00 target price on the stock in a research report on Monday, November 6th. Jefferies Group LLC reaffirmed a “hold” rating and set a $440.00 target price on shares of Equinix in a research report on Thursday, October 12th. Finally, BidaskClub raised Equinix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $495.20.
In other news, CFO Keith D. Taylor sold 1,500 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 31,393 shares of the company’s stock, valued at approximately $13,764,574.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Earl Campbell sold 1,427 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $459.75, for a total value of $656,063.25. The disclosure for this sale can be found here. Insiders sold a total of 7,510 shares of company stock valued at $3,438,830 in the last three months. 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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