Weiss Multi Strategy Advisers LLC lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 26.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,028 shares of the financial services provider’s stock after selling 1,100 shares during the period. Weiss Multi Strategy Advisers LLC’s holdings in Equinix were worth $1,212,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in EQIX. Advisory Services Network LLC acquired a new stake in Equinix during the first quarter valued at approximately $112,000. Guardian Life Insurance Co. of America boosted its stake in Equinix by 9.9% in the first quarter. Guardian Life Insurance Co. of America now owns 300 shares of the financial services provider’s stock valued at $120,000 after buying an additional 27 shares during the period. Westside Investment Management Inc. boosted its stake in Equinix by 31.9% in the first quarter. Westside Investment Management Inc. now owns 413 shares of the financial services provider’s stock valued at $165,000 after buying an additional 100 shares during the period. Aureus Asset Management LLC acquired a new stake in Equinix during the first quarter valued at approximately $208,000. Finally, NN Investment Partners Holdings N.V. boosted its stake in Equinix by 8.1% in the first quarter. NN Investment Partners Holdings N.V. now owns 518 shares of the financial services provider’s stock valued at $207,000 after buying an additional 39 shares during the period. 97.25% of the stock is currently owned by institutional investors.
Equinix, Inc. (EQIX) opened at 434.07 on Monday. The stock has a 50 day moving average price of $432.92 and a 200 day moving average price of $392.98. The company has a market cap of $33.82 billion, a P/E ratio of 156.37 and a beta of 0.61. Equinix, Inc. has a 1-year low of $314.55 and a 1-year high of $447.26.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.94. The company had revenue of $949.53 million for the quarter, compared to the consensus estimate of $946.89 million. Equinix had a return on equity of 5.88% and a net margin of 5.38%. Equinix’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.68 earnings per share. On average, equities research analysts anticipate that Equinix, Inc. will post $4.50 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 21st. Shareholders of record on Wednesday, May 24th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, May 22nd. This represents a $8.00 dividend on an annualized basis and a yield of 1.84%. Equinix’s dividend payout ratio is currently 286.74%.
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Several research firms recently commented on EQIX. Canaccord Genuity reaffirmed a “buy” rating and set a $525.00 price objective on shares of Equinix in a research report on Monday, June 12th. Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $423.00 price objective on the stock in a research report on Tuesday, March 7th. Instinet reaffirmed a “buy” rating and set a $490.00 price objective on shares of Equinix in a research report on Thursday, May 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $470.00 price objective on shares of Equinix in a research report on Wednesday, May 31st. Finally, Nomura began coverage on Equinix in a research report on Thursday, May 25th. They set a “buy” rating and a $490.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Equinix has a consensus rating of “Buy” and an average target price of $452.20.
In other Equinix news, CEO Stephen M. Smith sold 5,348 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $432.60, for a total transaction of $2,313,544.80. Following the completion of the transaction, the chief executive officer now owns 18,967 shares of the company’s stock, valued at $8,205,124.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Charles J. Meyers sold 200 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $400.94, for a total value of $80,188.00. Following the transaction, the chief operating officer now directly owns 337 shares of the company’s stock, valued at approximately $135,116.78. The disclosure for this sale can be found here. Insiders have sold 20,902 shares of company stock worth $8,892,828 in the last quarter. 0.58% of the stock is currently owned by company insiders.
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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