Retirement Systems of Alabama raised its position in shares of Equinix Inc. (NASDAQ:EQIX) by 1.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 35,947 shares of the company’s stock after buying an additional 552 shares during the period. Retirement Systems of Alabama’s holdings in Equinix were worth $12,950,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of EQIX. Hartford Investment Management Co. raised its position in shares of Equinix by 0.4% in the second quarter. Hartford Investment Management Co. now owns 16,736 shares of the company’s stock worth $6,489,000 after buying an additional 74 shares during the last quarter. Highland Capital Management LLC bought a new position in shares of Equinix during the second quarter worth about $1,138,000. Independent Portfolio Consultants Inc. bought a new position in shares of Equinix during the second quarter worth about $161,000. Barometer Capital Management Inc. raised its position in shares of 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 last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of 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 last quarter. 96.89% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

Equinix Inc. (NASDAQ:EQIX) traded down 1.32% on Wednesday, reaching $338.85. 270,160 shares of the company were exchanged. Equinix Inc. has a 12-month low of $255.45 and a 12-month high of $391.07. The company’s 50-day moving average price is $350.07 and its 200-day moving average price is $363.71. The stock has a market capitalization of $24186.78 billion, a P/E ratio of 398.65 and a beta of 0.84.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, November 2nd. The company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.85 by $0.10. Equinix had a net margin of 2.23% and a return on equity of 3.68%. The business had revenue of $924.68 million for the quarter, compared to the consensus estimate of $919.73 million. During the same period last year, the company earned $0.71 EPS. The firm’s revenue was up 34.7% compared to the same quarter last year. Equities research analysts anticipate that Equinix Inc. will post $14.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Wednesday, November 16th will be given a $1.75 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 2.04%. Equinix’s dividend payout ratio (DPR) is currently 648.15%.

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EQIX has been the topic of a number of research reports. Pacific Crest reiterated a “buy” rating on shares of Equinix in a research report on Wednesday, August 24th. Royal Bank Of Canada upped their target price on shares of Equinix from $382.00 to $429.00 and gave the stock an “outperform” rating in a research report on Monday, August 8th. Zacks Investment Research upgraded shares of Equinix from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a research report on Wednesday, September 14th. Oppenheimer Holdings Inc. upgraded shares of Equinix from a “market perform” rating to an “outperform” rating and set a $420.00 target price on the stock in a research report on Tuesday, September 6th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and set a $415.00 target price on shares of Equinix in a research report on Thursday, November 3rd. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Equinix presently has an average rating of “Buy” and a consensus target price of $401.97.

In other news, insider Sara Baack sold 300 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $353.96, for a total value of $106,188.00. Following the transaction, the insider now owns 6,004 shares in the company, valued at approximately $2,125,175.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karl Strohmeyer sold 2,143 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $369.76, for a total transaction of $792,395.68. Following the completion of the transaction, the insider now owns 2,550 shares in the company, valued at approximately $942,888. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by 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.

5 Day Chart for NASDAQ:EQIX

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