Equinix, Inc. (NASDAQ:EQIX) CEO Stephen M. Smith sold 5,349 shares of Equinix stock in a transaction on Monday, April 17th. The stock was sold at an average price of $401.37, for a total value of $2,146,928.13. Following the sale, the chief executive officer now owns 29,057 shares in the company, valued at $11,662,608.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Stephen M. Smith also recently made the following trade(s):
- On Thursday, February 16th, Stephen M. Smith sold 7,839 shares of Equinix stock. The stock was sold at an average price of $376.00, for a total value of $2,947,464.00.
- On Wednesday, January 18th, Stephen M. Smith sold 3,650 shares of Equinix stock. The stock was sold at an average price of $376.79, for a total value of $1,375,283.50.
Equinix, Inc. (NASDAQ:EQIX) opened at 405.13 on Friday. The company’s 50-day moving average price is $389.46 and its 200 day moving average price is $367.99. The stock has a market capitalization of $29.02 billion, a PE ratio of 225.70 and a beta of 0.73. Equinix, Inc. has a 52-week low of $314.55 and a 52-week high of $407.55.
Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, February 15th. The financial services provider reported $0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.41 by $2.55. The company earned $942.65 million during the quarter, compared to analysts’ expectations of $942.15 million. Equinix had a return on equity of 3.68% and a net margin of 2.23%. Equities analysts forecast that Equinix, Inc. will post $4.77 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 22nd. Investors of record on Monday, February 27th were given a $2.00 dividend. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a $8.00 annualized dividend and a yield of 1.97%. This is a positive change from Equinix’s previous quarterly dividend of $1.75. Equinix’s dividend payout ratio (DPR) is currently 648.15%.
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A number of analysts recently commented on the company. Zacks Investment Research lowered Equinix from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus raised their target price on Equinix from $418.00 to $435.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Macquarie started coverage on Equinix in a research report on Thursday, April 6th. They issued an “outperform” rating and a $450.00 target price for the company. Canaccord Genuity reissued a “buy” rating and issued a $420.00 target price on shares of Equinix in a research report on Thursday, February 16th. Finally, Citigroup Inc raised Equinix from a “neutral” rating to a “buy” rating and raised their target price for the stock from $408.00 to $435.00 in a research report on Monday, March 13th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $419.69.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EQIX. Quadrant Capital Group LLC increased its stake in shares of Equinix by 0.7% in the third quarter. Quadrant Capital Group LLC now owns 619 shares of the financial services provider’s stock valued at $214,000 after buying an additional 4 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Equinix by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,196 shares of the financial services provider’s stock valued at $791,000 after buying an additional 10 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Equinix by 1.5% in the fourth quarter. Wetherby Asset Management Inc. now owns 824 shares of the financial services provider’s stock valued at $295,000 after buying an additional 12 shares during the last quarter. MUFG Americas Holdings Corp increased its stake in shares of Equinix by 2.1% in the fourth quarter. MUFG Americas Holdings Corp now owns 689 shares of the financial services provider’s stock valued at $246,000 after buying an additional 14 shares during the last quarter. Finally, Cim Investment Mangement Inc. increased its stake in shares of Equinix by 1.1% in the fourth quarter. Cim Investment Mangement Inc. now owns 1,843 shares of the financial services provider’s stock valued at $659,000 after buying an additional 20 shares during the last quarter. Institutional investors own 98.12% 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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