Equinix, Inc. (NASDAQ:EQIX) Director Camp Peter Van sold 4,444 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $445.81, for a total transaction of $1,981,179.64. Following the transaction, the director now owns 8,572 shares in the company, valued at approximately $3,821,483.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Equinix, Inc. (NASDAQ EQIX) traded up 0.04% during mid-day trading on Friday, hitting $439.66. The stock had a trading volume of 86,357 shares. The firm has a market capitalization of $34.27 billion, a PE ratio of 161.46 and a beta of 0.59. The stock’s 50-day moving average is $437.69 and its 200-day moving average is $412.12. Equinix, Inc. has a 1-year low of $314.55 and a 1-year high of $459.00.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.41 by $1.18. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. Equities analysts expect that Equinix, Inc. will post $3.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $8.00 annualized dividend and a dividend yield of 1.82%. Equinix’s dividend payout ratio is 293.04%.

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Several research analysts recently issued reports on EQIX shares. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $472.00 price target (up previously from $440.00) on shares of Equinix in a research report on Thursday, May 4th. Citigroup Inc. upped their price target 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. Cowen and Company upped their price target on shares of Equinix from $453.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Jefferies Group LLC upped their price target on shares of Equinix from $378.00 to $410.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $409.00 price target (up previously from $374.00) on shares of Equinix in a research report on Wednesday, May 17th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $464.78.

Several large investors have recently added to or reduced their stakes in the stock. Cpcm LLC increased its stake in Equinix by 0.4% in the first quarter. Cpcm LLC now owns 1,255 shares of the financial services provider’s stock valued at $502,000 after buying an additional 5 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Equinix by 1.0% in the first quarter. Quadrant Capital Group LLC now owns 616 shares of the financial services provider’s stock valued at $237,000 after buying an additional 6 shares in the last quarter. Proficio Capital Partners LLC increased its stake in Equinix by 2.9% in the second quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock valued at $112,000 after buying an additional 7 shares in the last quarter. Conning Inc. increased its stake in Equinix by 0.6% in the second quarter. Conning Inc. now owns 1,550 shares of the financial services provider’s stock valued at $665,000 after buying an additional 10 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its stake in Equinix by 2.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 593 shares of the financial services provider’s stock valued at $237,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 95.31% 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.

Insider Buying and Selling by Quarter for Equinix (NASDAQ:EQIX)

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