Equinix Inc. (NASDAQ:EQIX) CFO Keith D. Taylor sold 2,500 shares of the stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $362.41, for a total transaction of $906,025.00. Following the transaction, the chief financial officer now directly owns 41,878 shares in the company, valued at $15,177,005.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Equinix Inc. (NASDAQ:EQIX) traded up 0.03% on Wednesday, hitting $362.38. 478,201 shares of the company were exchanged. The firm has a market cap of $25.76 billion, a P/E ratio of 357.73 and a beta of 0.80. The company has a 50-day moving average price of $365.38 and a 200 day moving average price of $356.17. Equinix Inc. has a 52-week low of $255.45 and a 52-week high of $391.07.
Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, August 3rd. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.64 by $3.08. The business had revenue of $900.50 million for the quarter, compared to analysts’ expectations of $893.99 million. Equinix had a net margin of 2.07% and a return on equity of 6.02%. The business’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 earnings per share. Analysts predict that Equinix Inc. will post $14.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Wednesday, August 24th were paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, August 22nd. Equinix’s dividend payout ratio (DPR) is currently 654.21%.
Several equities analysts have issued reports on EQIX shares. Barclays PLC increased their price objective on shares of Equinix from $340.00 to $360.00 in a report on Tuesday, June 21st. Jefferies Group reaffirmed a “buy” rating and set a $380.00 price objective on shares of Equinix in a report on Wednesday, July 6th. Zacks Investment Research raised shares of Equinix from a “hold” rating to a “buy” rating and set a $433.00 price objective on the stock in a report on Tuesday, July 5th. Goldman Sachs Group Inc. started coverage on shares of Equinix in a report on Tuesday, July 5th. They set a “buy” rating and a $435.00 price objective on the stock. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Equinix in a report on Sunday, June 26th. 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. Equinix currently has an average rating of “Buy” and an average price target of $398.79.
Several institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in Equinix by 0.6% in the first quarter. IFP Advisors Inc now owns 310 shares of the company’s stock valued at $103,000 after buying an additional 2 shares during the period. Tower Research Capital LLC TRC acquired a new position in Equinix during the second quarter valued at approximately $104,000. Integrated Investment Consultants LLC boosted its position in Equinix by 5.6% in the second quarter. Integrated Investment Consultants LLC now owns 284 shares of the company’s stock valued at $110,000 after buying an additional 15 shares during the period. NN Investment Partners Holdings N.V. acquired a new position in Equinix during the first quarter valued at approximately $142,000. Finally, Park Avenue Institutional Advisers LLC boosted its position in Equinix by 7.7% in the first quarter. Park Avenue Institutional Advisers LLC now owns 432 shares of the company’s stock valued at $143,000 after buying an additional 31 shares during the period. Institutional investors own 99.86% of the company’s stock.
Equinix Company Profile
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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