Cbre Clarion Securities LLC Grows Holdings in Equinix, Inc. (EQIX)
Cbre Clarion Securities LLC raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 12.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 778,701 shares of the financial services provider’s stock after acquiring an additional 85,832 shares during the quarter. Equinix makes up 3.5% of Cbre Clarion Securities LLC’s investment portfolio, making the stock its 8th largest holding. Cbre Clarion Securities LLC owned 1.00% of Equinix worth $334,187,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Cpcm LLC grew its stake in shares of Equinix by 0.4% in the 1st 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. Proficio Capital Partners LLC grew its stake in shares of Equinix by 2.9% in the 2nd 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. grew its stake in shares of Equinix by 0.6% in the 2nd 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. New Amsterdam Partners LLC NY grew its stake in shares of Equinix by 2.7% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 571 shares of the financial services provider’s stock valued at $245,000 after buying an additional 15 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Equinix by 3.2% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 650 shares of the financial services provider’s stock valued at $260,000 after buying an additional 20 shares in the last quarter. 94.36% of the stock is currently owned by institutional investors.
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In related news, CFO Keith D. Taylor sold 1,000 shares of Equinix stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $436.12, for a total transaction of $436,120.00. Following the completion of the sale, the chief financial officer now directly owns 32,996 shares of the company’s stock, valued at approximately $14,390,215.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael Earl Campbell sold 1,427 shares of Equinix stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $459.75, for a total value of $656,063.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,711 shares of company stock valued at $5,244,405. 0.58% of the stock is currently owned by insiders.
Shares of Equinix, Inc. (NASDAQ EQIX) traded down 1.10% on Friday, hitting $441.66. The company had a trading volume of 407,930 shares. Equinix, Inc. has a 12-month low of $314.55 and a 12-month high of $475.28.
Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.41 by $1.18. The business had revenue of $1.07 billion during 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, equities research analysts forecast that Equinix, Inc. will post $3.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, August 21st. This represents a $8.00 annualized dividend and a yield of 1.81%. Equinix’s payout ratio is currently 293.04%.
Several equities research analysts recently commented on EQIX shares. Credit Suisse Group started coverage on Equinix in a research note on Friday, June 30th. They issued an “outperform” rating and a $510.00 price target for the company. BidaskClub raised Equinix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Cowen and Company reissued an “outperform” rating and issued a $482.00 price target (up previously from $465.00) on shares of Equinix in a research note on Thursday, August 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $497.00 price target (up previously from $485.00) on shares of Equinix in a research note on Thursday, August 3rd. Finally, Macquarie reissued an “outperform” rating and issued a $450.00 price target 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $464.78.
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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