Hancock Holding Co. reduced its position in Equinix, Inc. (NASDAQ:EQIX) by 3.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 32,778 shares of the financial services provider’s stock after selling 1,263 shares during the period. Hancock Holding Co.’s holdings in Equinix were worth $14,067,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EQIX. Point72 Asia Hong Kong Ltd grew its stake in Equinix by 47.4% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 252 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 81 shares during the period. Proficio Capital Partners LLC grew its stake in Equinix by 1,033.3% in the 1st quarter. Proficio Capital Partners LLC now owns 238 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 217 shares during the period. Guardian Life Insurance Co. of America grew its stake in Equinix by 9.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 300 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 27 shares during the period. Smithfield Trust Co. grew its stake in Equinix by 19.1% in the 2nd quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 54 shares during the period. Finally, Westside Investment Management Inc. grew its stake in Equinix by 31.9% in the 1st quarter. Westside Investment Management Inc. now owns 413 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 100 shares during the period. 94.36% of the stock is owned by hedge funds and other institutional investors.

Equinix, Inc. (NASDAQ:EQIX) traded down 1.10% during trading on Friday, hitting $441.66. 407,930 shares of the company traded hands. Equinix, Inc. has a one year low of $314.55 and a one year high of $475.28.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 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 company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. Equities research analysts forecast that Equinix, Inc. will post $3.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd were paid a dividend of $2.00 per share. The ex-dividend date was Monday, August 21st. This represents a $8.00 annualized dividend and a dividend yield of 1.81%. Equinix’s dividend payout ratio (DPR) is 293.04%.

Several research firms have commented on EQIX. Barclays PLC reaffirmed an “equal weight” rating and issued a $475.00 target price (up from $410.00) on shares of Equinix in a research note on Wednesday, August 9th. Royal Bank Of Canada lifted their target price on shares of Equinix from $470.00 to $505.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. Canaccord Genuity reaffirmed a “buy” rating and issued a $525.00 target price on shares of Equinix in a research note on Monday, June 12th. BidaskClub cut shares of Equinix from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $410.00 target price on shares of Equinix in a research note on Tuesday, July 4th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $464.78.

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In other news, CFO Keith D. Taylor sold 2,500 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $435.62, for a total transaction of $1,089,050.00. Following the transaction, the chief financial officer now owns 35,015 shares in the company, valued at approximately $15,253,234.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Keith D. Taylor sold 1,000 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 32,996 shares in the company, valued at approximately $14,390,215.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,711 shares of company stock worth $5,244,405. 0.58% of the stock is currently owned by company insiders.

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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