HMI Capital LLC Has $76.65 Million Holdings in Equinix, Inc. (EQIX)
HMI Capital LLC grew its position in Equinix, Inc. (NASDAQ:EQIX) by 19.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,739 shares of the financial services provider’s stock after buying an additional 28,000 shares during the quarter. Equinix accounts for approximately 10.6% of HMI Capital LLC’s holdings, making the stock its 6th biggest holding. HMI Capital LLC owned 0.22% of Equinix worth $76,647,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in EQIX. Janney Montgomery Scott LLC increased its position in shares of Equinix by 4.0% in the second quarter. Janney Montgomery Scott LLC now owns 3,086 shares of the financial services provider’s stock valued at $1,325,000 after buying an additional 119 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Equinix by 145.0% in the second quarter. Bessemer Group Inc. now owns 1,247 shares of the financial services provider’s stock valued at $535,000 after buying an additional 738 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Equinix by 16.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 23,400 shares of the financial services provider’s stock valued at $10,042,000 after buying an additional 3,300 shares in the last quarter. Smithfield Trust Co. increased its position in shares of Equinix by 19.1% in the second quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock valued at $145,000 after buying an additional 54 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Equinix by 1.3% in the second quarter. Retirement Systems of Alabama now owns 37,776 shares of the financial services provider’s stock valued at $16,212,000 after buying an additional 502 shares in the last quarter. Institutional investors and hedge funds own 94.34% of the company’s stock.
Shares of Equinix, Inc. (NASDAQ EQIX) opened at $442.28 on Tuesday. The company has a market capitalization of $36,700.00, a PE ratio of 26.39, a P/E/G ratio of 1.89 and a beta of 0.46. Equinix, Inc. has a 52-week low of $327.37 and a 52-week high of $495.35. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.11 and a current ratio of 2.11.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.63 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.95 EPS. analysts expect that Equinix, Inc. will post 16.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 15th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Tuesday, November 14th. Equinix’s dividend payout ratio is presently 259.74%.
A number of research analysts have recently weighed in on EQIX shares. Cowen restated a “buy” rating and issued a $482.00 price target on shares of Equinix in a research report on Friday, November 10th. Barclays upgraded Equinix from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $475.00 to $505.00 in a research report on Wednesday, October 18th. UBS started coverage on Equinix in a research report on Wednesday, October 18th. They issued a “neutral” rating for the company. J P Morgan Chase & Co upgraded Equinix from a “neutral” rating to an “overweight” rating and set a $550.00 price target for the company in a research report on Thursday, November 2nd. Finally, Nomura raised their price target on Equinix from $490.00 to $510.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Three investment 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 stock currently has a consensus rating of “Buy” and a consensus target price of $500.74.
In other Equinix news, CFO Keith D. Taylor sold 2,000 shares of Equinix stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $476.81, for a total value of $953,620.00. Following the completion of the sale, the chief financial officer now owns 27,996 shares in the company, valued at approximately $13,348,772.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher B. Paisley sold 593 shares of Equinix stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $484.99, for a total value of $287,599.07. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,993 shares of company stock valued at $2,770,635. 0.58% of the stock is currently owned by company insiders.
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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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