Ameriprise Financial Inc. lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 610,357 shares of the financial services provider’s stock after buying an additional 43,933 shares during the period. Ameriprise Financial Inc. owned approximately 0.78% of Equinix worth $261,747,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its stake in shares of Equinix by 1,033.3% during 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. Point72 Asia Hong Kong Ltd lifted its stake in shares of Equinix by 47.4% during 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. Guardian Life Insurance Co. of America lifted its stake in shares of Equinix by 9.9% during 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. Smithfield Trust Co. lifted its stake in shares of Equinix by 19.1% during the second quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock worth $145,000 after buying an additional 54 shares during the period. Finally, Westside Investment Management Inc. lifted its stake in shares of Equinix by 31.9% during 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. Institutional investors and hedge funds own 94.41% of the company’s stock.

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In related news, Director Camp Peter Van sold 4,444 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $445.81, for a total value of $1,981,179.64. Following the sale, the director now directly owns 8,572 shares of the company’s stock, valued at $3,821,483.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Earl Campbell sold 1,427 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $459.75, for a total transaction of $656,063.25. The disclosure for this sale can be found here. Insiders sold 11,711 shares of company stock worth $5,244,405 over the last three months. Corporate insiders own 0.58% of the company’s stock.

Several equities research analysts have recently commented on EQIX shares. Morgan Stanley reiterated an “equal weight” rating and set a $409.00 price objective (up from $374.00) on shares of Equinix in a research note on Wednesday, May 17th. Nomura started coverage on shares of Equinix in a research note on Thursday, May 25th. They set a “buy” rating and a $490.00 price objective for the company. Instinet reiterated a “buy” rating and set a $490.00 price objective on shares of Equinix in a research note on Thursday, May 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $470.00 price objective on shares of Equinix in a research note on Wednesday, May 31st. Finally, Canaccord Genuity reiterated a “buy” rating and set a $525.00 price objective on shares of Equinix in a research note on Monday, June 12th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $464.78.

Equinix, Inc. (NASDAQ EQIX) traded down 1.11% during midday trading on Thursday, hitting $453.76. 124,891 shares of the stock were exchanged. Equinix, Inc. has a 12-month low of $314.55 and a 12-month high of $475.28.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.41 by $1.18. Equinix had a net margin of 5.18% and a return on equity of 5.51%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. On average, equities analysts anticipate that Equinix, Inc. will post $3.85 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be given a $2.00 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $8.00 annualized dividend and a dividend yield of 1.74%. Equinix’s dividend payout ratio is presently 293.04%.

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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