Insider Selling: Equinix, Inc. (EQIX) CFO Sells 1,000 Shares of Stock
Equinix, Inc. (NASDAQ:EQIX) CFO Keith D. Taylor sold 1,000 shares of the stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $436.12, for a total value of $436,120.00. Following the completion of the transaction, the chief financial officer now directly owns 32,996 shares in the company, valued at approximately $14,390,215.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Equinix, Inc. (NASDAQ EQIX) opened at 441.21 on Friday. Equinix, Inc. has a 12-month low of $314.55 and a 12-month high of $447.26.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $4.14 earnings per share for the quarter, beating 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 analyst estimates of $946.89 million. During the same quarter in the prior year, the business earned $1.68 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities analysts predict that Equinix, Inc. will post $4.50 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 21st. Stockholders of record on Wednesday, May 24th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, May 22nd. This represents a $8.00 annualized dividend and a dividend yield of 1.81%. Equinix’s dividend payout ratio is currently 286.74%.
A number of research analysts have recently weighed in on EQIX shares. Canaccord Genuity reissued a “buy” rating and issued a $465.00 price target on shares of Equinix in a research note on Thursday, April 27th. Citigroup Inc. increased their price target on Equinix from $435.00 to $462.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. Stifel Nicolaus reissued a “buy” rating and issued a $465.00 price target (up previously from $435.00) on shares of Equinix in a research note on Tuesday, April 25th. Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $451.00 price target on the stock in a research note on Wednesday, April 5th. Finally, Nomura started coverage on Equinix in a research note on Thursday, May 25th. They issued a “buy” rating and a $490.00 price target on the stock. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Equinix presently has an average rating of “Buy” and a consensus price target of $455.89.
Several large investors have recently bought and sold shares of the company. Dodge & Cox acquired a new stake in Equinix during the fourth quarter valued at approximately $269,000. UBS Asset Management Americas Inc. increased its stake in Equinix by 0.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 167,998 shares of the financial services provider’s stock valued at $60,044,000 after buying an additional 1,363 shares during the last quarter. Perigon Wealth Management LLC increased its stake in Equinix by 2.9% in the fourth quarter. Perigon Wealth Management LLC now owns 1,296 shares of the financial services provider’s stock valued at $490,000 after buying an additional 37 shares during the last quarter. Teachers Advisors LLC increased its stake in Equinix by 9.5% in the fourth quarter. Teachers Advisors LLC now owns 387,245 shares of the financial services provider’s stock valued at $138,405,000 after buying an additional 33,642 shares during the last quarter. Finally, Kentucky Retirement Systems acquired a new stake in Equinix during the fourth quarter valued at approximately $1,851,000. 97.36% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Equinix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.