Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Sells 1,295 Shares of Equinix, Inc. (EQIX)
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its stake in Equinix, Inc. (NASDAQ:EQIX) by 8.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,291 shares of the financial services provider’s stock after selling 1,295 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Equinix were worth $5,704,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Equinix by 3,737.0% in the first quarter. BlackRock Inc. now owns 6,295,590 shares of the financial services provider’s stock valued at $2,520,566,000 after buying an additional 6,131,516 shares during the last quarter. Vanguard Group Inc. raised its stake in Equinix by 9.9% in the first quarter. Vanguard Group Inc. now owns 13,186,442 shares of the financial services provider’s stock valued at $5,279,456,000 after buying an additional 1,192,961 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Equinix by 64.8% in the first quarter. Nuveen Asset Management LLC now owns 672,053 shares of the financial services provider’s stock valued at $269,070,000 after buying an additional 264,226 shares during the last quarter. Egerton Capital UK LLP acquired a new stake in Equinix during the second quarter valued at about $82,970,000. Finally, Canada Pension Plan Investment Board raised its stake in Equinix by 840.2% in the first quarter. Canada Pension Plan Investment Board now owns 213,050 shares of the financial services provider’s stock valued at $85,299,000 after buying an additional 190,391 shares during the last quarter. 95.31% of the stock is owned by institutional investors.
Equinix, Inc. (EQIX) opened at 439.48 on Friday. The firm’s 50-day moving average is $437.69 and its 200 day moving average is $412.12. Equinix, Inc. has a one year low of $314.55 and a one year high of $459.00. The firm has a market capitalization of $34.26 billion, a price-to-earnings ratio of 161.40 and a beta of 0.59.
Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.41 by $2.83. Equinix had a return on equity of 5.51% and a net margin of 5.18%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. Analysts forecast that Equinix, Inc. will post $3.94 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Monday, August 21st. Equinix’s dividend payout ratio (DPR) is currently 293.04%.
Several equities research analysts have recently issued reports on EQIX shares. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $472.00 price objective (up previously from $440.00) on shares of Equinix in a research report on Thursday, May 4th. Citigroup Inc. raised their price target on shares of Equinix from $435.00 to $462.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Cowen and Company raised their price target on shares of Equinix from $453.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Morgan Stanley reaffirmed an “equal weight” rating and set a $409.00 price target (up from $374.00) on shares of Equinix in a report on Wednesday, May 17th. Finally, Jefferies Group LLC raised their price target on shares of Equinix from $378.00 to $410.00 and gave the company a “hold” rating in a report on Friday, April 28th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Equinix presently has an average rating of “Buy” and an average price target of $464.78.
In related news, CEO Stephen M. Smith sold 5,348 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $432.60, for a total transaction of $2,313,544.80. Following the transaction, the chief executive officer now owns 18,967 shares of the company’s stock, valued at $8,205,124.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Camp Peter Van sold 4,444 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $445.81, for a total transaction of $1,981,179.64. Following the transaction, the director now directly owns 8,572 shares in the company, valued at approximately $3,821,483.32. The disclosure for this sale can be found here. Insiders have sold 22,143 shares of company stock worth $9,703,456 in the last ninety days. 0.58% of the stock is currently owned by insiders.
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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