Equinix Inc. (EQIX) Shares Bought by Duff & Phelps Investment Management Co.
Duff & Phelps Investment Management Co. increased its position in shares of Equinix Inc. (NASDAQ:EQIX) by 26.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 256,863 shares of the company’s stock after buying an additional 53,103 shares during the period. Equinix comprises approximately 1.3% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 19th largest position. Duff & Phelps Investment Management Co.’s holdings in Equinix were worth $92,535,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. Highland Capital Management LLC acquired a new stake in Equinix during the second quarter worth $1,138,000. Independent Portfolio Consultants Inc. acquired a new stake in Equinix during the second quarter worth $161,000. Barometer Capital Management Inc. raised its stake in Equinix by 11.5% in the second quarter. Barometer Capital Management Inc. now owns 82,200 shares of the company’s stock worth $31,871,000 after buying an additional 8,500 shares during the period. Nisa Investment Advisors LLC raised its stake in Equinix by 43.0% in the second quarter. Nisa Investment Advisors LLC now owns 6,254 shares of the company’s stock worth $2,425,000 after buying an additional 1,880 shares during the period. Finally, Capstone Asset Management Co. raised its stake in Equinix by 11.7% in the second quarter. Capstone Asset Management Co. now owns 7,370 shares of the company’s stock worth $2,858,000 after buying an additional 774 shares during the period. 96.89% of the stock is owned by hedge funds and other institutional investors.
Shares of Equinix Inc. (NASDAQ:EQIX) opened at 341.23 on Tuesday. Equinix Inc. has a 52-week low of $255.45 and a 52-week high of $391.07.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.85 by $0.10. The business earned $924.68 million during the quarter, compared to analysts’ expectations of $919.73 million. Equinix had a return on equity of 3.68% and a net margin of 2.23%. The business’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. On average, analysts expect that Equinix Inc. will post $14.95 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Wednesday, November 16th will be paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 2.04%. The ex-dividend date is Monday, November 14th. Equinix’s payout ratio is 648.15%.
A number of analysts recently weighed in on EQIX shares. Barclays PLC upped their price objective on shares of Equinix from $360.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 4th. Citigroup Inc. upped their price objective on shares of Equinix from $391.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Jefferies Group reaffirmed a “hold” rating on shares of Equinix in a research note on Saturday, August 6th. Royal Bank Of Canada upped their price objective on shares of Equinix from $382.00 to $429.00 and gave the stock an “outperform” rating in a research note on Monday, August 8th. Finally, Zacks Investment Research upgraded shares of Equinix from a “hold” rating to a “buy” rating and set a $408.00 target price for the company in a report on Tuesday, August 9th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Equinix has a consensus rating of “Buy” and an average price target of $401.97.
In other Equinix news, CFO Keith D. Taylor sold 2,500 shares of Equinix stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $362.41, for a total transaction of $906,025.00. Following the transaction, the chief financial officer now owns 41,878 shares of the company’s stock, valued at $15,177,005.98. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Christopher B. Paisley sold 500 shares of Equinix stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $334.35, for a total value of $167,175.00. 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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