Comgest Global Investors S.A.S. reduced its position in shares of Equinix Inc. (NASDAQ:EQIX) by 61.9% during the second quarter, Holdings Channel reports. The firm owned 3,500 shares of the company’s stock after selling 5,684 shares during the period. Comgest Global Investors S.A.S.’s holdings in Equinix were worth $1,357,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. IFP Advisors Inc raised its stake in shares of Equinix by 0.6% in the first quarter. IFP Advisors Inc now owns 310 shares of the company’s stock worth $103,000 after buying an additional 2 shares during the period. Integrated Investment Consultants LLC raised its stake in shares of Equinix by 5.6% in the second quarter. Integrated Investment Consultants LLC now owns 284 shares of the company’s stock worth $110,000 after buying an additional 15 shares during the period. Conning Inc. raised its stake in shares of Equinix by 1.3% in the second quarter. Conning Inc. now owns 1,620 shares of the company’s stock worth $628,000 after buying an additional 20 shares during the period. Park Avenue Institutional Advisers LLC raised its stake in shares of Equinix by 7.7% in the first quarter. Park Avenue Institutional Advisers LLC now owns 432 shares of the company’s stock worth $143,000 after buying an additional 31 shares during the period. Finally, NN Investment Partners Holdings N.V. raised its stake in shares of Equinix by 11.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 479 shares of the company’s stock worth $186,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.
Equinix Inc. (NASDAQ:EQIX) traded up 0.08% on Friday, hitting $360.25. 611,349 shares of the stock traded hands. Equinix Inc. has a 12-month low of $255.45 and a 12-month high of $391.07. The stock has a market cap of $25.60 billion, a P/E ratio of 355.63 and a beta of 0.80. The stock has a 50-day moving average price of $365.15 and a 200 day moving average price of $356.20.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.64 by $3.08. The company earned $900.50 million during the quarter, compared to analyst estimates of $893.99 million. Equinix had a return on equity of 6.02% and a net margin of 2.07%. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. On average, equities analysts expect that Equinix Inc. will post $14.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 24th were given a $1.75 dividend. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $7.00 annualized dividend and a yield of 1.94%. Equinix’s dividend payout ratio is 654.21%.
A number of equities research analysts have recently issued reports on the stock. Barclays PLC upped their target price on shares of Equinix from $360.00 to $372.00 and gave the company an “equal weight” rating in a research note on Thursday, August 4th. Citigroup Inc. increased their price objective on shares of Equinix from $391.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. William Blair reiterated a “buy” rating on shares of Equinix in a research note on Sunday, June 26th. Canaccord Genuity reiterated a “buy” rating on shares of Equinix in a research note on Sunday, June 26th. Finally, Jefferies Group reiterated a “hold” rating on shares of Equinix in a research note on Saturday, August 6th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Equinix presently has a consensus rating of “Buy” and an average price target of $398.79.
In other Equinix news, insider Sara Baack sold 300 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $353.96, for a total value of $106,188.00. Following the sale, the insider now directly owns 6,004 shares in the company, valued at approximately $2,125,175.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric Schwartz sold 3,658 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $362.65, for a total transaction of $1,326,573.70. Following the transaction, the insider now directly owns 4,733 shares of the company’s stock, valued at $1,716,422.45. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by company insiders.
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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