Korea Investment CORP increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 126.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 111,475 shares of the financial services provider’s stock after buying an additional 62,173 shares during the period. Korea Investment CORP’s holdings in Equinix were worth $47,841,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in EQIX. Point72 Asia Hong Kong Ltd increased 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 period. Proficio Capital Partners LLC increased 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 period. Advisory Services Network LLC bought a new stake in Equinix during the first quarter worth about $112,000. Guardian Life Insurance Co. of America increased 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 period. Finally, Westside Investment Management Inc. increased 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 period. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Equinix, Inc. (NASDAQ:EQIX) opened at 445.58 on Friday. Equinix, Inc. has a 12-month low of $314.55 and a 12-month high of $455.37. The company has a market capitalization of $34.72 billion, a P/E ratio of 163.64 and a beta of 0.59.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by $2.83. Equinix had a return on equity of 5.51% and a net margin of 5.18%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. On average, equities analysts expect that Equinix, Inc. will post $4.16 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Monday, August 21st. Equinix’s payout ratio is 293.04%.

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A number of research firms have recently issued reports on EQIX. 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. Stifel Nicolaus reissued a “buy” rating and issued a $497.00 price target (up from $485.00) on shares of Equinix in a research note on Thursday. BidaskClub raised shares of Equinix from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Morgan Stanley reissued an “equal weight” rating and issued a $409.00 price target (up from $374.00) on shares of Equinix in a research note on Wednesday, May 17th. Finally, FBN Securities boosted their price target on shares of Equinix from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, May 1st. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $462.83.

In related news, CFO Keith D. Taylor sold 1,000 shares of Equinix stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $436.12, for a total transaction of $436,120.00. Following the sale, the chief financial officer now directly owns 32,996 shares in the company, valued at $14,390,215.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Keith D. Taylor sold 2,500 shares of Equinix stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $435.62, for a total transaction of $1,089,050.00. Following the sale, the chief financial officer now owns 35,015 shares in the company, valued at $15,253,234.30. The disclosure for this sale can be found here. Insiders sold 17,853 shares of company stock worth $7,787,982 over the last quarter. 0.58% of the stock is currently owned by company insiders.

About Equinix

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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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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