Nationwide Fund Advisors Sells 1,704 Shares of Equinix, Inc. (EQIX)
Nationwide Fund Advisors trimmed its stake in Equinix, Inc. (NASDAQ:EQIX) by 6.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,045 shares of the financial services provider’s stock after selling 1,704 shares during the quarter. Nationwide Fund Advisors’ holdings in Equinix were worth $10,748,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. UBS Asset Management Americas Inc. grew its holdings in shares of Equinix by 23.0% during the first quarter. UBS Asset Management Americas Inc. now owns 206,694 shares of the financial services provider’s stock valued at $82,754,000 after buying an additional 38,696 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Equinix by 5.2% during the first quarter. Ameritas Investment Partners Inc. now owns 1,788 shares of the financial services provider’s stock valued at $716,000 after buying an additional 89 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Equinix by 3.5% during the first quarter. Pacer Advisors Inc. now owns 1,618 shares of the financial services provider’s stock valued at $648,000 after buying an additional 55 shares in the last quarter. Aberdeen Asset Management PLC UK grew its holdings in shares of Equinix by 11.1% during the first quarter. Aberdeen Asset Management PLC UK now owns 13,659 shares of the financial services provider’s stock valued at $5,468,000 after buying an additional 1,362 shares in the last quarter. Finally, HGI Capital Management LLC purchased a new position in shares of Equinix during the first quarter valued at $1,603,000. Institutional investors and hedge funds own 94.36% of the company’s stock.
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Shares of Equinix, Inc. (NASDAQ EQIX) opened at 437.21 on Tuesday. Equinix, Inc. has a 52-week low of $314.55 and a 52-week high of $475.28.
Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.41 by $1.18. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. Equities analysts anticipate that Equinix, Inc. will post $3.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Monday, August 21st. Equinix’s dividend payout ratio (DPR) is presently 293.04%.
In other news, insider Karl Strohmeyer sold 250 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $464.96, for a total value of $116,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Charles J. Meyers sold 1,090 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $459.80, for a total value of $501,182.00. Following the completion of the transaction, the chief operating officer now owns 2,297 shares of the company’s stock, valued at approximately $1,056,160.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,211 shares of company stock valued at $4,155,355. Corporate insiders own 0.58% of the company’s stock.
A number of research analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and set a $497.00 price target (up previously from $485.00) on shares of Equinix in a report on Thursday, August 3rd. BidaskClub upgraded Equinix from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Barclays PLC reiterated an “equal weight” rating and set a $475.00 price target (up previously from $410.00) on shares of Equinix in a report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “buy” rating and set a $470.00 price target on shares of Equinix in a report on Sunday, July 9th. Finally, Cowen and Company reiterated an “outperform” rating and set a $482.00 price target (up previously from $465.00) on shares of Equinix in a report on Thursday, August 3rd. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $464.78.
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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