ING Groep NV Lowers Stake in Equinix, Inc. (EQIX)
ING Groep NV reduced its position in Equinix, Inc. (NASDAQ:EQIX) by 30.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,797 shares of the financial services provider’s stock after selling 1,201 shares during the period. ING Groep NV’s holdings in Equinix were worth $1,248,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQIX. Capital World Investors boosted its position in shares of Equinix by 247.0% in the 2nd quarter. Capital World Investors now owns 1,069,359 shares of the financial services provider’s stock worth $458,926,000 after purchasing an additional 761,220 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Equinix by 1,517.9% in the 2nd quarter. Janus Henderson Group PLC now owns 499,004 shares of the financial services provider’s stock worth $214,150,000 after purchasing an additional 468,162 shares during the last quarter. Uniplan Investment Counsel Inc. bought a new position in shares of Equinix in the 2nd quarter worth $13,563,000. Egerton Capital UK LLP boosted its position in shares of Equinix by 152.0% in the 3rd quarter. Egerton Capital UK LLP now owns 487,173 shares of the financial services provider’s stock worth $217,425,000 after purchasing an additional 293,842 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Equinix by 22.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,182,730 shares of the financial services provider’s stock worth $507,583,000 after purchasing an additional 214,396 shares during the last quarter. 95.31% of the stock is owned by institutional investors.
Equinix, Inc. (EQIX) opened at $474.07 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.11 and a current ratio of 2.11. The firm has a market capitalization of $37,088.39, a PE ratio of 26.66, a price-to-earnings-growth ratio of 1.91 and a beta of 0.46. Equinix, Inc. has a twelve month low of $327.37 and a twelve month high of $495.35.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $2.24. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.95 earnings per share. equities analysts predict that Equinix, Inc. will post 16.05 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 15th will be issued 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 dividend payout ratio (DPR) is 264.03%.
EQIX has been the topic of several recent research reports. Oppenheimer Holdings, Inc. raised their price target on Equinix from $472.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Barclays PLC upgraded Equinix from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $475.00 to $505.00 in a research report on Wednesday, October 18th. Cowen Inc restated a “buy” rating and issued a $482.00 price target on shares of Equinix in a research report on Friday, November 10th. Morgan Stanley raised their price target on Equinix from $424.00 to $435.00 and gave the stock an “equal weight” rating 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 stock a “buy” rating in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $495.20.
In other news, COO Charles J. Meyers sold 1,090 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $459.80, for a total value of $501,182.00. Following the sale, the chief operating officer now directly owns 2,297 shares in the company, valued at $1,056,160.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Earl Campbell sold 200 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $479.37, for a total value of $95,874.00. Following the completion of the sale, the insider now owns 1,125 shares in the company, valued at $539,291.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,510 shares of company stock worth $3,438,830. Corporate insiders own 0.58% of the company’s stock.
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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