Equinix, Inc. (EQIX) Stake Maintained by Pathstone Family Office LLC
Pathstone Family Office LLC continued to hold its position in Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5 shares of the financial services provider’s stock at the close of the 2nd quarter. Pathstone Family Office LLC’s holdings in Equinix were worth $2,146,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Suntrust Banks Inc. boosted its stake in Equinix by 8.4% in the 1st quarter. Suntrust Banks Inc. now owns 1,533 shares of the financial services provider’s stock worth $613,000 after purchasing an additional 119 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Equinix by 23.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 206,694 shares of the financial services provider’s stock worth $82,754,000 after purchasing an additional 38,696 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Equinix by 9.7% in the 1st quarter. Mutual of America Capital Management LLC now owns 9,391 shares of the financial services provider’s stock worth $3,760,000 after purchasing an additional 827 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Equinix in the 1st quarter worth approximately $982,000. Finally, Norinchukin Bank The boosted its stake in Equinix by 7.5% in the 1st quarter. Norinchukin Bank The now owns 4,656 shares of the financial services provider’s stock worth $1,864,000 after purchasing an additional 325 shares in the last quarter. Institutional investors and hedge funds own 94.36% of the company’s stock.
In related news, insider Karl Strohmeyer sold 250 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $464.96, for a total transaction of $116,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Camp Peter Van sold 4,444 shares of the stock in a transaction on Monday, August 7th. The stock was 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 disclosure for this sale can be found here. Insiders sold 11,711 shares of company stock valued at $5,244,405 over the last three months. Corporate insiders own 0.58% of the company’s stock.
Equinix, Inc. (NASDAQ EQIX) traded up 0.10% during trading on Tuesday, hitting $450.61. 117,426 shares of the stock traded hands. The firm’s 50-day moving average is $456.08 and its 200-day moving average is $427.32. Equinix, Inc. has a 12 month low of $314.55 and a 12 month high of $475.28. The stock has a market cap of $35.12 billion, a P/E ratio of 165.48 and a beta of 0.56.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share for the quarter, beating the Thomson Reuters’ 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%. On average, analysts forecast that Equinix, Inc. will post $3.85 EPS 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 $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Monday, August 21st. Equinix’s payout ratio is currently 293.04%.
A number of analysts recently commented on EQIX shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $470.00 target price on shares of Equinix in a research note on Wednesday, May 31st. Credit Suisse Group started coverage on shares of Equinix in a research note on Friday, June 30th. They issued an “outperform” rating and a $510.00 target price for the company. Macquarie reiterated an “outperform” rating and issued a $450.00 target price on shares of Equinix in a research note on Tuesday, July 4th. Canaccord Genuity reiterated a “buy” rating and issued a $525.00 target price on shares of Equinix in a research note on Monday, June 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $410.00 target price on shares of Equinix in a research note on Tuesday, July 4th. 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. Equinix presently has an average rating of “Buy” and a consensus price target of $464.78.
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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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