Equinix, Inc. (NASDAQ:EQIX) insider Michael Earl Campbell sold 200 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $462.43, for a total value of $92,486.00. Following the transaction, the insider now owns 925 shares in the company, valued at $427,747.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Michael Earl Campbell also recently made the following trade(s):

  • On Wednesday, November 15th, Michael Earl Campbell sold 200 shares of Equinix stock. The stock was sold at an average price of $479.37, for a total value of $95,874.00.
  • On Monday, October 16th, Michael Earl Campbell sold 200 shares of Equinix stock. The stock was sold at an average price of $463.61, for a total value of $92,722.00.

Equinix, Inc. (EQIX) traded down $2.03 during mid-day trading on Monday, reaching $455.82. The company’s stock had a trading volume of 551,651 shares, compared to its average volume of 493,347. 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 company has a market capitalization of $35,819.44, a PE ratio of 25.75, a price-to-earnings-growth ratio of 1.84 and a beta of 0.46. Equinix, Inc. has a 12 month low of $347.99 and a 12 month high of $495.35.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share (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 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 period last year, the business posted $3.95 earnings per share. analysts predict that Equinix, Inc. will post 16.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 15th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Tuesday, November 14th. Equinix’s payout ratio is 264.03%.

A number of hedge funds have recently bought and sold shares of the business. Proficio Capital Partners LLC raised its stake in shares of Equinix by 2.9% during the second quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 7 shares in the last quarter. Zions Bancorporation raised its stake in shares of Equinix by 2,550.0% during the third quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 255 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new stake in shares of Equinix during the second quarter valued at about $127,000. Amica Retiree Medical Trust bought a new stake in shares of Equinix during the third quarter valued at about $188,000. Finally, Commerce Bank bought a new stake in shares of Equinix during the third quarter valued at about $203,000. Institutional investors own 94.34% of the company’s stock.

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

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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.

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

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