Exane Derivatives Buys Shares of 1,491 Equinix, Inc. (NASDAQ:EQIX)
Exane Derivatives acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the second quarter, Holdings Channel reports. The firm acquired 1,491 shares of the financial services provider’s stock, valued at approximately $640,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Proficio Capital Partners LLC boosted its stake in Equinix by 1,033.3% in the first quarter. Proficio Capital Partners LLC now owns 238 shares of the financial services provider’s stock worth $105,000 after buying an additional 217 shares during the last quarter. Point72 Asia Hong Kong Ltd boosted its stake in Equinix by 47.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 252 shares of the financial services provider’s stock worth $101,000 after buying an additional 81 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Equinix during the first quarter worth $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 worth $120,000 after buying an additional 27 shares during the last quarter. Finally, 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 worth $165,000 after buying an additional 100 shares during the last quarter. 97.36% of the stock is owned by institutional investors and hedge funds.
Shares of Equinix, Inc. (NASDAQ:EQIX) traded down 0.20% on Tuesday, hitting $434.61. 79,746 shares of the stock were exchanged. Equinix, Inc. has a 52-week low of $314.55 and a 52-week high of $447.26.
Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, April 26th. The financial services provider reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $0.94. Equinix had a net margin of 5.38% and a return on equity of 5.88%. The firm had revenue of $949.53 million for the quarter, compared to analysts’ expectations of $946.89 million. During the same quarter last year, the business earned $1.68 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. Equities research analysts forecast that Equinix, Inc. will post $4.50 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 21st. Investors of record on Wednesday, May 24th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Monday, May 22nd. Equinix’s dividend payout ratio (DPR) is currently 286.74%.
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Several brokerages have weighed in on EQIX. Nomura began coverage on shares of Equinix in a research note on Thursday, May 25th. They set a “buy” rating and a $490.00 price objective on the stock. Canaccord Genuity reiterated a “buy” rating and set a $525.00 target price on shares of Equinix in a research report on Monday, June 12th. Citigroup Inc. upped their target price on shares of Equinix from $435.00 to $462.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. FBN Securities upped their target price on shares of Equinix from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Monday, May 1st. Finally, Zacks Investment Research upgraded shares of Equinix from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Equinix has a consensus rating of “Buy” and an average target price of $455.89.
In related news, CEO Stephen M. Smith sold 5,348 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $432.60, for a total value of $2,313,544.80. Following the transaction, the chief executive officer now directly owns 18,967 shares of the company’s stock, valued at approximately $8,205,124.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Yau Tat Lee sold 5,875 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $438.70, for a total value of $2,577,362.50. Following the completion of the transaction, the insider now directly owns 5,485 shares in the company, valued at $2,406,269.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,853 shares of company stock worth $7,351,862. 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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