Rhumbline Advisers Sells 3,560 Shares of Equinix, Inc. (NASDAQ:EQIX)
Rhumbline Advisers decreased its position in Equinix, Inc. (NASDAQ:EQIX) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,175 shares of the financial services provider’s stock after selling 3,560 shares during the period. Rhumbline Advisers’ holdings in Equinix were worth $63,162,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of EQIX. Proficio Capital Partners LLC increased its position in Equinix by 1,033.3% in the first quarter. Proficio Capital Partners LLC now owns 238 shares of the financial services provider’s stock worth $105,000 after buying an additional 217 shares during the last quarter. Point72 Asia Hong Kong Ltd increased its position in Equinix by 47.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 252 shares of the financial services provider’s stock worth $101,000 after buying an additional 81 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Equinix during the first quarter worth $112,000. Guardian Life Insurance Co. of America increased its stake in shares of Equinix by 9.9% in the first quarter. Guardian Life Insurance Co. of America now owns 300 shares of the financial services provider’s stock worth $120,000 after buying an additional 27 shares during the last quarter. Finally, Smithfield Trust Co. increased its stake in shares of Equinix by 19.1% in the second quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock worth $145,000 after buying an additional 54 shares during the last quarter. 95.31% of the stock is currently owned by institutional investors and hedge funds.
Equinix, Inc. (EQIX) opened at 439.48 on Friday. Equinix, Inc. has a 52 week low of $314.55 and a 52 week high of $459.00. The stock has a 50 day moving average price of $437.69 and a 200 day moving average price of $412.12. The stock has a market capitalization of $34.26 billion, a PE 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 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by $2.83. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. Equinix had a net margin of 5.18% and a return on equity of 5.51%. Equities analysts forecast that Equinix, Inc. will post $3.94 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Monday, August 21st. Equinix’s dividend payout ratio (DPR) is 293.04%.
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A number of equities research analysts recently weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $465.00 price objective on shares of Equinix in a research report on Thursday, April 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $497.00 price objective (up previously from $485.00) on shares of Equinix in a research report on Thursday, August 3rd. BidaskClub raised Equinix from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Morgan Stanley reaffirmed an “equal weight” rating and set a $409.00 price objective (up previously from $374.00) on shares of Equinix in a research report on Wednesday, May 17th. Finally, FBN Securities raised their price objective on Equinix from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Monday, May 1st. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Equinix has an average rating of “Buy” and a consensus target price of $464.78.
In other news, insider Yau Tat Lee sold 5,875 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $438.70, for a total transaction of $2,577,362.50. Following the sale, the insider now owns 5,485 shares in the company, valued at $2,406,269.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Camp Peter Van sold 4,444 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $445.81, for a total value of $1,981,179.64. Following the sale, the director now 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 90 days. 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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