LMR Partners LLP Has $2,920,000 Position in Equinix Inc. (EQIX)
LMR Partners LLP increased its stake in Equinix Inc. (NASDAQ:EQIX) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,531 shares of the company’s stock after buying an additional 276 shares during the period. LMR Partners LLP’s holdings in Equinix were worth $2,920,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its position in Equinix by 10.2% in the first quarter. State Street Corp now owns 2,746,386 shares of the company’s stock valued at $908,250,000 after buying an additional 254,160 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in 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 valued at $669,660,000 after buying an additional 230,715 shares during the last quarter. American Century Companies Inc. raised its position in Equinix by 21.3% in the second quarter. American Century Companies Inc. now owns 1,099,223 shares of the company’s stock valued at $426,202,000 after buying an additional 192,902 shares during the last quarter. JPMorgan Chase & Co. raised its position in Equinix by 19.9% in the first quarter. JPMorgan Chase & Co. now owns 980,242 shares of the company’s stock valued at $324,175,000 after buying an additional 162,915 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Equinix by 18.7% in the first quarter. Franklin Resources Inc. now owns 896,957 shares of the company’s stock valued at $296,636,000 after buying an additional 141,278 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.
Shares of Equinix Inc. (NASDAQ:EQIX) traded down 1.16% during trading on Wednesday, reaching $349.03. The company’s stock had a trading volume of 818,445 shares. Equinix Inc. has a 52 week low of $255.45 and a 52 week high of $391.07. The firm has a market capitalization of $24.81 billion, a P/E ratio of 344.55 and a beta of 0.79. The company has a 50 day moving average price of $364.05 and a 200 day moving average price of $357.69.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.64 by $3.08. Equinix had a net margin of 2.07% and a return on equity of 6.02%. The business earned $900.50 million during the quarter, compared to analyst estimates of $893.99 million. During the same quarter in the prior year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was up 35.3% on a year-over-year basis. On average, equities research analysts expect that Equinix Inc. will post $14.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders 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 dividend yield of 2.01%. The ex-dividend date was Monday, August 22nd. Equinix’s dividend payout ratio (DPR) is currently 654.21%.
EQIX has been the subject of several recent research reports. Oppenheimer Holdings Inc. raised Equinix from a “market perform” rating to an “outperform” rating and set a $420.00 price target 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 set a “buy” rating and a $435.00 target price on the stock. Finally, SunTrust Banks Inc. started coverage on Equinix in a research report on Thursday, July 21st. They set a “buy” rating and a $445.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $398.79.
In other news, COO Charles J. Meyers sold 200 shares of Equinix stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $360.63, for a total transaction of $72,126.00. Following the sale, the chief operating officer now owns 1,445 shares in the company, valued at $521,110.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Keith D. Taylor sold 2,500 shares of Equinix stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of $362.41, for a total value of $906,025.00. Following the sale, the chief financial officer now owns 41,878 shares in the company, valued at approximately $15,177,005.98. The disclosure for this sale can be found here. 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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