Bp Plc Has $6.01 Million Stake in Equinix, Inc. (NASDAQ:EQIX)
Bp Plc raised its stake in Equinix, Inc. (NASDAQ:EQIX) by 55.6% during the second quarter, Holdings Channel reports. The institutional investor owned 14,000 shares of the financial services provider’s stock after buying an additional 5,000 shares during the period. Bp Plc’s holdings in Equinix were worth $6,006,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of EQIX. Vanguard Group Inc. increased its position in shares of Equinix by 9.9% in the first quarter. Vanguard Group Inc. now owns 13,186,442 shares of the financial services provider’s stock valued at $5,279,456,000 after buying an additional 1,192,961 shares in the last quarter. BlackRock Inc. increased its position in shares of Equinix by 3,737.0% in the first quarter. BlackRock Inc. now owns 6,295,590 shares of the financial services provider’s stock valued at $2,520,566,000 after buying an additional 6,131,516 shares in the last quarter. State Street Corp increased its position in shares of Equinix by 5.2% in the first quarter. State Street Corp now owns 3,007,201 shares of the financial services provider’s stock valued at $1,204,001,000 after buying an additional 149,260 shares in the last quarter. FMR LLC increased its position in shares of Equinix by 6.1% in the first quarter. FMR LLC now owns 2,727,291 shares of the financial services provider’s stock valued at $1,091,925,000 after buying an additional 155,793 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Equinix by 5.6% in the first quarter. Principal Financial Group Inc. now owns 1,909,287 shares of the financial services provider’s stock valued at $763,459,000 after buying an additional 102,082 shares in the last quarter. Institutional investors and hedge funds own 95.31% of the company’s stock.
Equinix, Inc. (NASDAQ:EQIX) opened at 444.23 on Tuesday. The stock has a market cap of $34.62 billion, a price-to-earnings ratio of 163.14 and a beta of 0.59. Equinix, Inc. has a 12-month low of $314.55 and a 12-month high of $455.37.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.41 by $2.83. Equinix had a net margin of 5.18% and a return on equity of 5.51%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. On average, analysts anticipate that Equinix, Inc. will post $4.03 earnings per share for the current fiscal year.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, August 21st. This represents a $8.00 dividend on an annualized basis and a yield of 1.80%. Equinix’s payout ratio is presently 293.04%.
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EQIX has been the subject of several analyst reports. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $472.00 price objective (up from $440.00) on shares of Equinix in a research report on Thursday, May 4th. Royal Bank Of Canada reiterated a “buy” rating and set a $470.00 price objective on shares of Equinix in a research report on Wednesday, May 31st. Jefferies Group LLC boosted their price objective on Equinix from $378.00 to $410.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Cowen and Company boosted their price objective on Equinix from $453.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Finally, Credit Suisse Group initiated coverage on Equinix in a research report on Friday, June 30th. They set an “outperform” rating and a $510.00 price objective for the company. Five research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $464.78.
In other Equinix news, 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 sale, the chief financial officer now directly owns 32,996 shares in the company, valued at $14,390,215.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Stephen M. Smith sold 5,348 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $432.60, for a total transaction of $2,313,544.80. Following the completion of the sale, the chief executive officer now owns 18,967 shares in the company, valued at $8,205,124.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,699 shares of company stock worth $7,722,276. Insiders own 0.58% 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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