Westpac Banking Corp Sells 11,260 Shares of Equinix, Inc. (EQIX)
Westpac Banking Corp lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 20.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,174 shares of the financial services provider’s stock after selling 11,260 shares during the period. Westpac Banking Corp owned about 0.06% of Equinix worth $18,958,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Cpcm LLC increased its position in shares of Equinix by 0.4% in the first quarter. Cpcm LLC now owns 1,255 shares of the financial services provider’s stock valued at $502,000 after buying an additional 5 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Equinix by 2.9% in the second quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock valued at $112,000 after buying an additional 7 shares in the last quarter. Conning Inc. increased its position in shares of Equinix by 0.6% in the second quarter. Conning Inc. now owns 1,550 shares of the financial services provider’s stock valued at $665,000 after buying an additional 10 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of Equinix by 2.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 593 shares of the financial services provider’s stock valued at $237,000 after buying an additional 12 shares in the last quarter. Finally, New Amsterdam Partners LLC NY increased its position in shares of Equinix by 2.7% in the second quarter. New Amsterdam Partners LLC NY now owns 571 shares of the financial services provider’s stock valued at $245,000 after buying an additional 15 shares in the last quarter. Institutional investors own 94.41% of the company’s stock.
Equinix, Inc. (NASDAQ EQIX) opened at 468.45 on Friday. Equinix, Inc. has a 52-week low of $314.55 and a 52-week high of $470.44. The firm’s 50-day moving average is $448.93 and its 200-day moving average is $419.89. The company has a market cap of $36.51 billion, a PE ratio of 172.03 and a beta of 0.59.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $1.18. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. On average, equities research analysts anticipate that Equinix, Inc. will post $3.89 EPS for the current year.
The business also recently declared 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. The ex-dividend date is Monday, August 21st. This represents a $8.00 annualized dividend and a dividend yield of 1.71%. Equinix’s dividend payout ratio is presently 293.04%.
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Several equities analysts have recently commented on the stock. BidaskClub raised shares of Equinix from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Barclays PLC reissued an “equal weight” rating and issued a $475.00 target price (up previously from $410.00) on shares of Equinix in a report on Wednesday, August 9th. Royal Bank Of Canada boosted their target price on shares of Equinix from $470.00 to $505.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. Cowen and Company reissued an “outperform” rating and issued a $482.00 target price (up previously from $465.00) on shares of Equinix in a report on Thursday, August 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $497.00 target price (up previously from $485.00) on shares of Equinix in a report on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Equinix has an average rating of “Buy” and an average price target of $464.78.
In related news, CFO Keith D. Taylor sold 1,000 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $464.57, for a total value of $464,570.00. Following the sale, the chief financial officer now directly owns 32,096 shares in the company, valued at approximately $14,910,838.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Yau Tat Lee sold 5,875 shares of the business’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $438.70, for a total transaction of $2,577,362.50. Following the completion of the sale, the insider now owns 5,485 shares in the company, valued at $2,406,269.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,393 shares of company stock worth $9,843,276. 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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