Xact Kapitalforvaltning AB boosted its stake in Equinix Inc (NASDAQ:EQIX) by 6.9% in the first quarter, HoldingsChannel.com reports. The firm owned 14,543 shares of the financial services provider’s stock after buying an additional 944 shares during the period. Xact Kapitalforvaltning AB’s holdings in Equinix were worth $6,590,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EQIX. Washington Trust Bank acquired a new stake in Equinix during the 1st quarter worth about $29,000. Spectrum Management Group Inc. acquired a new stake in Equinix during the 1st quarter worth about $29,000. Pearl River Capital LLC acquired a new stake in Equinix during the 4th quarter worth about $35,000. Proficio Capital Partners LLC grew its holdings in Equinix by 116.7% during the 4th quarter. Proficio Capital Partners LLC now owns 117 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 63 shares during the period. Finally, Lindbrook Capital LLC acquired a new stake in Equinix during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 99.63% of the company’s stock.

In related news, CEO Charles J. Meyers sold 282 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $462.31, for a total value of $130,371.42. Following the transaction, the chief executive officer now owns 5,882 shares of the company’s stock, valued at approximately $2,719,307.42. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Charles J. Meyers sold 500 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $439.91, for a total transaction of $219,955.00. Following the completion of the transaction, the chief executive officer now directly owns 6,164 shares in the company, valued at approximately $2,711,605.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,732 shares of company stock worth $1,775,800. 0.49% of the stock is owned by insiders.

A number of analysts have weighed in on EQIX shares. BidaskClub downgraded Equinix from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 16th. Credit Suisse Group increased their price target on Equinix from $467.00 to $474.00 and gave the stock an “outperform” rating in a report on Thursday, February 14th. Citigroup increased their price target on Equinix from $482.00 to $508.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Zacks Investment Research downgraded Equinix from a “hold” rating to a “sell” rating in a report on Monday, February 11th. Finally, ValuEngine upgraded Equinix from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Equinix presently has a consensus rating of “Buy” and an average target price of $502.00.

Shares of EQIX stock traded down $9.56 on Tuesday, reaching $476.02. 10,660 shares of the company were exchanged, compared to its average volume of 363,379. The stock has a market capitalization of $39.28 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 1.68 and a beta of 0.75. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.56 and a quick ratio of 1.56. Equinix Inc has a one year low of $335.29 and a one year high of $500.20.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd will be given 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 2.07%. Equinix’s payout ratio is 47.56%.

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About Equinix

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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