Quadrant Capital Group LLC increased its stake in Equinix Inc. (NASDAQ:EQIX) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 615 shares of the company’s stock after buying an additional 21 shares during the period. Quadrant Capital Group LLC’s holdings in Equinix were worth $232,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in EQIX. State Street Corp increased its position in shares of Equinix by 10.2% in the first quarter. State Street Corp now owns 2,746,386 shares of the company’s stock worth $908,250,000 after buying an additional 254,160 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Equinix by 12.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,024,917 shares of the company’s stock worth $669,660,000 after buying an additional 230,715 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Equinix by 21.3% in the second quarter. American Century Companies Inc. now owns 1,099,223 shares of the company’s stock worth $426,202,000 after buying an additional 192,902 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Equinix by 19.9% in the first quarter. JPMorgan Chase & Co. now owns 980,242 shares of the company’s stock worth $324,175,000 after buying an additional 162,915 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Equinix by 18.7% in the first quarter. Franklin Resources Inc. now owns 896,957 shares of the company’s stock worth $296,636,000 after buying an additional 141,278 shares during the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.
Equinix Inc. (NASDAQ:EQIX) traded down 1.16% on Wednesday, hitting $349.03. 818,445 shares of the stock traded hands. The stock has a market cap of $24.81 billion, a price-to-earnings ratio of 344.55 and a beta of 0.79. Equinix Inc. has a 52-week low of $255.45 and a 52-week high of $391.07. The company’s 50 day moving average price is $364.05 and its 200-day moving average price is $357.69.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.64 by $3.08. The firm had revenue of $900.50 million for the quarter, compared to the consensus estimate of $893.99 million. Equinix had a net margin of 2.07% and a return on equity of 6.02%. Equinix’s revenue was up 35.3% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. On average, analysts forecast that Equinix Inc. will post $14.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Wednesday, August 24th were given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Monday, August 22nd. Equinix’s dividend payout ratio (DPR) is currently 654.21%.
A number of analysts recently commented on EQIX shares. Oppenheimer Holdings Inc. raised Equinix from a “market perform” rating to an “outperform” rating and set a $420.00 target price for the company in a research report on Tuesday, September 6th. Jefferies Group reaffirmed a “hold” rating on shares of Equinix in a research report on Tuesday, September 13th. Pacific Crest reaffirmed a “buy” rating on shares of Equinix in a research report on Wednesday, August 24th. Goldman Sachs Group Inc. started coverage on Equinix in a research report on Tuesday, July 5th. They issued a “buy” rating and a $435.00 target price for the company. Finally, SunTrust Banks Inc. started coverage on Equinix in a research report on Thursday, July 21st. They issued a “buy” rating and a $445.00 target price for the company. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $398.79.
In other Equinix news, COO Charles J. Meyers sold 200 shares of Equinix stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $364.90, for a total value of $72,980.00. Following the completion of the sale, the chief operating officer now owns 1,845 shares of the company’s stock, valued at approximately $673,240.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Eric Schwartz sold 86 shares of Equinix stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $368.76, for a total transaction of $31,713.36. The disclosure for this sale can be found here. Corporate insiders own 0.69% 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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