Investors purchased shares of Equinix, Inc. (NASDAQ:EQIX) on weakness during trading on Friday. $51.17 million flowed into the stock on the tick-up and $34.29 million flowed out of the stock on the tick-down, for a money net flow of $16.88 million into the stock. Of all equities tracked, Equinix had the 24th highest net in-flow for the day. Equinix traded down ($2.45) for the day and closed at $465.96

A number of brokerages recently issued reports on EQIX. Stifel Nicolaus reiterated a “buy” rating and set a $497.00 target price (up previously from $485.00) on shares of Equinix in a research report on Thursday, August 3rd. BidaskClub upgraded shares of Equinix from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Morgan Stanley reiterated an “equal weight” rating and set a $409.00 target price (up previously from $374.00) on shares of Equinix in a research report on Wednesday, May 17th. Barclays PLC reiterated an “equal weight” rating and set a $475.00 target price (up previously from $410.00) on shares of Equinix in a research report on Wednesday, August 9th. Finally, Nomura started coverage on shares of Equinix in a research report on Thursday, May 25th. They set a “buy” rating and a $490.00 target price for the company. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $464.78.

The company has a market capitalization of $36.32 billion, a price-to-earnings ratio of 171.12 and a beta of 0.56. The company’s 50-day moving average price is $449.75 and its 200-day moving average price is $420.46.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $1.18. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. On average, analysts expect that Equinix, Inc. will post $3.89 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 given a dividend of $2.00 per share. The ex-dividend date is Monday, August 21st. This represents a $8.00 annualized dividend and a yield of 1.72%. Equinix’s dividend payout ratio (DPR) is presently 293.04%.

In other Equinix news, insider Yau Tat Lee sold 5,875 shares of Equinix stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $438.70, for a total transaction of $2,577,362.50. Following the completion of the sale, the insider now owns 5,485 shares of the company’s stock, valued at approximately $2,406,269.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Stephen M. Smith sold 5,348 shares of Equinix stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $432.60, for a total value of $2,313,544.80. Following the sale, the chief executive officer now directly owns 18,967 shares of the company’s stock, valued at approximately $8,205,124.20. The disclosure for this sale can be found here. Insiders sold a total of 22,393 shares of company stock valued at $9,843,276 in the last three months. Insiders own 0.58% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Cpcm LLC raised its position in Equinix by 0.4% in the first quarter. Cpcm LLC now owns 1,255 shares of the financial services provider’s stock worth $502,000 after buying an additional 5 shares during the last quarter. Proficio Capital Partners LLC raised its position in Equinix by 2.9% in the second quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock worth $112,000 after buying an additional 7 shares during the last quarter. Conning Inc. raised its position in Equinix by 0.6% in the second quarter. Conning Inc. now owns 1,550 shares of the financial services provider’s stock worth $665,000 after buying an additional 10 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position 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 worth $237,000 after buying an additional 12 shares during the last quarter. Finally, New Amsterdam Partners LLC NY raised its position in Equinix by 2.7% in the second quarter. New Amsterdam Partners LLC NY now owns 571 shares of the financial services provider’s stock worth $245,000 after buying an additional 15 shares during the last quarter. Institutional investors and hedge funds own 94.41% of the company’s stock.

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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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