Equinix, Inc. (EQIX) Position Increased by Smithfield Trust Co.
Smithfield Trust Co. boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 19.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 337 shares of the financial services provider’s stock after buying an additional 54 shares during the period. Smithfield Trust Co.’s holdings in Equinix were worth $145,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Korea Investment CORP raised its position in Equinix by 126.1% in the second quarter. Korea Investment CORP now owns 111,475 shares of the financial services provider’s stock valued at $47,841,000 after buying an additional 62,173 shares during the last quarter. Sei Investments Co. raised its position in Equinix by 2.8% in the second quarter. Sei Investments Co. now owns 150,563 shares of the financial services provider’s stock valued at $64,616,000 after buying an additional 4,035 shares during the last quarter. Egerton Capital UK LLP purchased a new position in Equinix during the second quarter valued at about $82,970,000. State of New Jersey Common Pension Fund D raised its position in Equinix by 16.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 23,400 shares of the financial services provider’s stock valued at $10,042,000 after buying an additional 3,300 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Equinix by 145.0% in the second quarter. Bessemer Group Inc. now owns 1,247 shares of the financial services provider’s stock valued at $535,000 after buying an additional 738 shares during the last quarter. Institutional investors and hedge funds own 95.31% of the company’s stock.
Shares of Equinix, Inc. (NASDAQ:EQIX) opened at 441.53 on Wednesday. The company has a 50 day moving average of $436.45 and a 200-day moving average of $410.29. The firm has a market cap of $34.40 billion, a price-to-earnings ratio of 162.15 and a beta of 0.59. Equinix, Inc. has a 12-month low of $314.55 and a 12-month high of $459.00.
Equinix (NASDAQ:EQIX) last announced its 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. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. Equinix had a net margin of 5.18% and a return on equity of 5.51%. Analysts predict that Equinix, Inc. will post $4.03 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Monday, August 21st. Equinix’s payout ratio is 293.04%.
Several equities analysts recently issued reports on the stock. Barclays PLC restated an “equal weight” rating and issued a $475.00 target price (up previously from $410.00) on shares of Equinix in a report on Wednesday. BidaskClub lowered shares of Equinix from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Royal Bank Of Canada boosted their target price on shares of Equinix from $470.00 to $505.00 and gave the company an “outperform” rating in a report on Monday. Cowen and Company restated an “outperform” rating and issued a $482.00 target price (up previously from $465.00) on shares of Equinix in a report on Thursday, August 3rd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $497.00 target price (up previously from $485.00) on shares of Equinix in a report on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Equinix has a consensus rating of “Buy” and a consensus price target of $464.78.
In related news, CFO Keith D. Taylor sold 1,000 shares of Equinix stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $440.99, for a total transaction of $440,990.00. Following the completion of the transaction, the chief financial officer now directly owns 36,296 shares of the company’s stock, valued at approximately $16,006,173.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Yau Tat Lee sold 5,875 shares of Equinix stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $438.70, for a total transaction of $2,577,362.50. Following the transaction, the insider now directly owns 5,485 shares of the company’s stock, valued at $2,406,269.50. The disclosure for this sale can be found here. Insiders have sold a total of 22,143 shares of company stock worth $9,703,456 in the last ninety days. Insiders own 0.58% of the company’s stock.
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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