Thomas White International Ltd. bought a new stake in shares of Equinix Inc (NASDAQ:EQIX) in the 1st quarter, Holdings Channel reports. The institutional investor bought 1,406 shares of the financial services provider’s stock, valued at approximately $637,000.

Other institutional investors have also modified their holdings of the company. Washington Trust Bank bought a new stake in shares of Equinix in the 1st quarter valued at $29,000. Spectrum Management Group Inc. bought a new stake in shares of Equinix in the 1st quarter valued at $29,000. Farmers & Merchants Investments Inc. increased its position in shares of Equinix by 174.2% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 85 shares of the financial services provider’s stock valued at $30,000 after buying an additional 54 shares in the last quarter. Pearl River Capital LLC bought a new stake in shares of Equinix in the 4th quarter valued at $35,000. Finally, Proficio Capital Partners LLC increased its position in shares of Equinix by 116.7% in the 4th quarter. Proficio Capital Partners LLC now owns 117 shares of the financial services provider’s stock valued at $41,000 after buying an additional 63 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

EQIX has been the subject of a number of research analyst reports. ValuEngine raised shares of Equinix from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Zacks Investment Research upgraded shares of Equinix from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. UBS Group increased their price objective on shares of Equinix from $500.00 to $510.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Deutsche Bank increased their price objective on shares of Equinix from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, BidaskClub upgraded shares of Equinix from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Equinix has an average rating of “Buy” and a consensus target price of $501.44.

Shares of EQIX stock traded up $8.29 on Wednesday, reaching $492.74. The stock had a trading volume of 5,326 shares, compared to its average volume of 524,388. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market cap of $39.64 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.70 and a beta of 0.89. Equinix Inc has a 12 month low of $335.29 and a 12 month high of $494.00.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.16 by ($3.72). The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. Equinix had a net margin of 8.06% and a return on equity of 5.66%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $5.21 earnings per share. Sell-side analysts predict that Equinix Inc will post 20.81 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd will be issued a $2.46 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $9.84 annualized dividend and a yield of 2.00%. Equinix’s dividend payout ratio is currently 47.56%.

In other Equinix news, CEO Charles J. Meyers sold 1,643 shares of the stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $426.61, for a total value of $700,920.23. Following the transaction, the chief executive officer now directly owns 7,332 shares of the company’s stock, valued at approximately $3,127,904.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Earl Campbell sold 1,250 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $490.87, for a total transaction of $613,587.50. Following the completion of the transaction, the insider now directly owns 2,578 shares in the company, valued at $1,265,462.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,934 shares of company stock worth $4,850,550. Insiders own 0.49% of the company’s stock.

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Equinix Profile

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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