State of Wisconsin Investment Board increased its position in Equinix, Inc. (NASDAQ:EQIX) by 24.9% during the second quarter, Holdings Channel reports. The firm owned 92,548 shares of the financial services provider’s stock after buying an additional 18,472 shares during the period. State of Wisconsin Investment Board’s holdings in Equinix were worth $39,718,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EQIX. Creative Planning raised its stake in shares of Equinix by 63.6% in the first quarter. Creative Planning now owns 692 shares of the financial services provider’s stock worth $277,000 after buying an additional 269 shares during the period. Capstone Asset Management Co. increased its position in shares of Equinix by 2.0% in the first quarter. Capstone Asset Management Co. now owns 6,210 shares of the financial services provider’s stock worth $2,486,000 after buying an additional 123 shares in the last quarter. Atria Investments LLC increased its position in shares of Equinix by 12.6% in the first quarter. Atria Investments LLC now owns 858 shares of the financial services provider’s stock worth $344,000 after buying an additional 96 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Equinix by 6.7% in the first quarter. Louisiana State Employees Retirement System now owns 4,800 shares of the financial services provider’s stock worth $1,922,000 after buying an additional 300 shares in the last quarter. Finally, Kissinger Financial Services LLC acquired a new position in shares of Equinix during the first quarter worth $877,000. 95.16% of the stock is currently owned by institutional investors.

Equinix, Inc. (NASDAQ:EQIX) opened at 448.33 on Wednesday. Equinix, Inc. has a 52-week low of $314.55 and a 52-week high of $459.00.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $1.18. Equinix had a return on equity of 5.51% and a net margin of 5.18%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Equities research analysts forecast that Equinix, Inc. will post $3.90 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders 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 annualized dividend and a yield of 1.78%. Equinix’s dividend payout ratio (DPR) is presently 293.04%.

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A number of brokerages have recently weighed in on EQIX. Barclays PLC reiterated an “equal weight” rating and set a $475.00 price target (up previously from $410.00) on shares of Equinix in a report on Thursday, August 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $497.00 price target (up previously from $485.00) on shares of Equinix in a report on Thursday, August 3rd. Cowen and Company reiterated an “outperform” rating and set a $482.00 price target (up previously from $465.00) on shares of Equinix in a report on Thursday, August 3rd. Royal Bank Of Canada lifted their price target on Equinix from $470.00 to $505.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Finally, Instinet reiterated a “buy” rating and set a $490.00 price target on shares of Equinix in a report on Thursday, May 25th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Equinix currently has an average rating of “Buy” and an average target price of $464.78.

In other news, CFO Keith D. Taylor sold 1,000 shares of Equinix stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $440.99, for a total value of $440,990.00. Following the completion of the sale, the chief financial officer now directly owns 36,296 shares in the company, valued at $16,006,173.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christopher B. Paisley sold 500 shares of Equinix stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $439.39, for a total transaction of $219,695.00. The disclosure for this sale can be found here. Insiders have sold 22,143 shares of company stock valued at $9,703,456 over the last 90 days. Company 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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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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