BlackRock Advisors LLC Purchases 9,948 Shares of Equinix Inc. (EQIX)
BlackRock Advisors LLC boosted its stake in shares of Equinix Inc. (NASDAQ:EQIX) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,866 shares of the company’s stock after buying an additional 9,948 shares during the period. BlackRock Advisors LLC owned about 0.15% of Equinix worth $40,272,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of EQIX. Gerstein Fisher bought a new stake in shares of Equinix during the second quarter valued at approximately $1,190,000. Heitman Real Estate Securities LLC raised its stake in shares of Equinix by 32.4% in the first quarter. Heitman Real Estate Securities LLC now owns 390,178 shares of the company’s stock valued at $129,036,000 after buying an additional 95,498 shares during the last quarter. Allen Investment Management LLC raised its stake in shares of Equinix by 2.8% in the first quarter. Allen Investment Management LLC now owns 181,596 shares of the company’s stock valued at $60,056,000 after buying an additional 4,987 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Equinix by 8.2% in the first quarter. Legal & General Group Plc now owns 283,092 shares of the company’s stock valued at $93,620,000 after buying an additional 21,437 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of Equinix during the first quarter valued at approximately $5,076,000. 99.86% of the stock is owned by hedge funds and other institutional investors.
Shares of Equinix Inc. (NASDAQ:EQIX) opened at 366.73 on Tuesday. Equinix Inc. has a 12 month low of $255.45 and a 12 month high of $391.07. The stock’s 50 day moving average is $367.44 and its 200 day moving average is $353.77. The firm has a market cap of $26.06 billion, a PE ratio of 362.02 and a beta of 0.80.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $3.64 by $3.08. The company had revenue of $900.50 million for the quarter, compared to analysts’ expectations of $893.99 million. Equinix had a return on equity of 6.02% and a net margin of 2.07%. The company’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 EPS. On average, analysts anticipate that Equinix Inc. will post $14.93 earnings per share for the current fiscal year.
The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Monday, August 22nd. Equinix’s dividend payout ratio is presently 654.21%.
Several equities research analysts recently commented on EQIX shares. Oppenheimer Holdings Inc. raised shares of Equinix from a “market perform” rating to an “outperform” rating and set a $420.00 price target for the company in a report on Tuesday, September 6th. Jefferies Group reaffirmed a “hold” rating on shares of Equinix in a report on Tuesday, September 13th. Pacific Crest reaffirmed a “buy” rating on shares of Equinix in a report on Wednesday, August 24th. Goldman Sachs Group Inc. began coverage on shares of Equinix in a report on Tuesday, July 5th. They set a “buy” rating and a $435.00 target price for the company. Finally, SunTrust Banks Inc. began coverage on shares of Equinix in a report on Thursday, July 21st. They set 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. Equinix presently has a consensus rating of “Buy” and a consensus price target of $392.38.
In other Equinix news, insider Karl Strohmeyer sold 2,143 shares of Equinix stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $369.76, for a total value of $792,395.68. Following the completion of the sale, the insider now owns 2,550 shares in the company, valued at approximately $942,888. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric Schwartz sold 3,658 shares of Equinix stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $362.65, for a total value of $1,326,573.70. Following the completion of the sale, the insider now owns 4,733 shares of the company’s stock, valued at approximately $1,716,422.45. The disclosure for this sale can be found here. Corporate insiders own 0.69% 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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