Equinix, Inc. (EQIX) Stake Increased by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC lifted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 97.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,460 shares of the financial services provider’s stock after purchasing an additional 115,876 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.30% of Equinix worth $100,621,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Equinix by 9.9% in the 1st quarter. Vanguard Group Inc. now owns 13,186,442 shares of the financial services provider’s stock worth $5,279,456,000 after purchasing an additional 1,192,961 shares in the last quarter. BlackRock Inc. boosted its position in shares of Equinix by 3,737.0% in the 1st quarter. BlackRock Inc. now owns 6,295,590 shares of the financial services provider’s stock worth $2,520,566,000 after purchasing an additional 6,131,516 shares in the last quarter. State Street Corp boosted its position in shares of Equinix by 5.2% in the 1st quarter. State Street Corp now owns 3,007,201 shares of the financial services provider’s stock worth $1,204,001,000 after purchasing an additional 149,260 shares in the last quarter. FMR LLC boosted its position in shares of Equinix by 0.4% in the 2nd quarter. FMR LLC now owns 2,737,598 shares of the financial services provider’s stock worth $1,174,868,000 after purchasing an additional 10,307 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Equinix by 5.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,909,287 shares of the financial services provider’s stock worth $763,459,000 after purchasing an additional 102,082 shares in the last quarter. 94.36% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Keith D. Taylor sold 2,500 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 35,015 shares in the company, valued at $15,253,234.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Karl Strohmeyer sold 250 shares of the stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $464.96, for a total transaction of $116,240.00. The disclosure for this sale can be found here. Insiders have sold 11,711 shares of company stock valued at $5,244,405 in the last quarter. Insiders own 0.58% of the company’s stock.
A number of research firms have recently weighed in on EQIX. Stifel Nicolaus reissued a “buy” rating and issued a $497.00 price objective (up previously from $485.00) on shares of Equinix in a research report on Thursday, August 3rd. BidaskClub raised Equinix from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Barclays PLC reaffirmed an “equal weight” rating and set a $475.00 price target (up previously from $410.00) on shares of Equinix in a research report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $470.00 price target on shares of Equinix in a research report on Sunday, July 9th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $482.00 price target (up previously from $465.00) on shares of Equinix in a research report on Thursday, August 3rd. Five investment 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. The company currently has a consensus rating of “Buy” and an average target price of $464.78.
Equinix, Inc. (NASDAQ:EQIX) traded down 1.10% during trading on Friday, hitting $441.66. The company’s stock had a trading volume of 407,930 shares. Equinix, Inc. has a one year low of $314.55 and a one year high of $475.28.
Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share for the quarter, topping the 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 during the quarter, compared to the consensus estimate of $1.03 billion. Equities analysts expect that Equinix, Inc. will post $3.85 earnings per share for the current year.
The firm also recently announced 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%.
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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