Equinix, Inc. (NASDAQ:EQIX) CFO Keith D. Taylor sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $457.84, for a total value of $686,760.00. Following the completion of the sale, the chief financial officer now directly owns 26,196 shares of the company’s stock, valued at $11,993,576.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Equinix, Inc. (NASDAQ EQIX) opened at $457.85 on Friday. The firm has a market capitalization of $35,819.44, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 1.84 and a beta of 0.46. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.51. Equinix, Inc. has a fifty-two week low of $347.99 and a fifty-two week high of $495.35.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share for the quarter, beating the Thomson Reuters’ 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 company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.95 EPS. equities research analysts anticipate that Equinix, Inc. will post 16.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 15th were issued a $2.00 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $8.00 annualized dividend and a yield of 1.75%. Equinix’s dividend payout ratio is presently 264.03%.

EQIX has been the subject of a number of recent analyst reports. Citigroup raised their price objective on Equinix from $518.00 to $530.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Nomura raised their price objective on Equinix from $490.00 to $510.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Berenberg Bank initiated coverage on Equinix in a research report on Tuesday, September 26th. They issued a “buy” rating and a $550.00 price objective for the company. Deutsche Bank initiated coverage on Equinix in a research report on Tuesday, October 24th. They issued a “buy” rating and a $550.00 price objective for the company. Finally, Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $547.00 price objective for the company in a research report on Monday, November 6th. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $501.70.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Proficio Capital Partners LLC raised its holdings in Equinix by 2.9% in the 2nd quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 7 shares in the last quarter. Conning Inc. raised its holdings in Equinix by 0.6% in the 2nd quarter. Conning Inc. now owns 1,550 shares of the financial services provider’s stock valued at $665,000 after acquiring an additional 10 shares in the last quarter. Alps Advisors Inc. raised its holdings in Equinix by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 6,625 shares of the financial services provider’s stock valued at $2,843,000 after acquiring an additional 20 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Equinix by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,788 shares of the financial services provider’s stock valued at $2,484,000 after acquiring an additional 24 shares in the last quarter. Finally, Ashford Capital Management Inc. raised its holdings in Equinix by 0.7% in the 2nd quarter. Ashford Capital Management Inc. now owns 5,295 shares of the financial services provider’s stock valued at $2,272,000 after acquiring an additional 37 shares in the last quarter. 94.34% of the stock is owned by hedge funds and other institutional investors.

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About Equinix

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.

Insider Buying and Selling by Quarter for Equinix (NASDAQ:EQIX)

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