Quantbot Technologies LP Takes $1.66 Million Position in Equinix, Inc. (EQIX)
Quantbot Technologies LP acquired a new stake in Equinix, Inc. (NASDAQ:EQIX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,719 shares of the financial services provider’s stock, valued at approximately $1,659,000.
Several other large investors have also recently bought and sold shares of EQIX. Proficio Capital Partners LLC raised its position in shares of Equinix by 2.9% in the second 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 during the last quarter. San Francisco Sentry Investment Group CA acquired a new position in shares of Equinix in the second quarter valued at approximately $127,000. Smithfield Trust Co. raised its position in shares of Equinix by 19.1% in the second quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock valued at $145,000 after buying an additional 54 shares during the last quarter. Bienville Capital Management LLC acquired a new position in shares of Equinix in the second quarter valued at approximately $213,000. Finally, Gilbert & Cook Inc. acquired a new position in shares of Equinix in the second quarter valued at approximately $217,000. 95.09% of the stock is owned by institutional investors and hedge funds.
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Shares of Equinix, Inc. (NASDAQ EQIX) opened at $472.80 on Friday. Equinix, Inc. has a 52-week low of $327.37 and a 52-week high of $495.35. The stock has a market cap of $36,989.04, a price-to-earnings ratio of 26.59, a PEG ratio of 1.90 and a beta of 0.46. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.51.
Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $2.24. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Equinix had a net margin of 5.58% and a return on equity of 5.59%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.95 earnings per share. research analysts forecast that Equinix, Inc. will post 16.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 15th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $8.00 annualized dividend and a dividend yield of 1.69%. Equinix’s dividend payout ratio (DPR) is presently 264.03%.
In other news, insider Michael Earl Campbell sold 200 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $463.61, for a total value of $92,722.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $438.46, for a total transaction of $657,690.00. Following the completion of the transaction, the chief financial officer now owns 31,393 shares of the company’s stock, valued at $13,764,574.78. The disclosure for this sale can be found here. Insiders sold 7,760 shares of company stock valued at $3,555,070 over the last 90 days. Insiders own 0.58% of the company’s stock.
EQIX has been the subject of a number of analyst reports. Oppenheimer Holdings, Inc. boosted their price objective on shares of Equinix from $472.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Barclays PLC raised shares of Equinix from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $475.00 to $505.00 in a research report on Wednesday, October 18th. Cowen and Company reissued a “buy” rating and issued a $482.00 price objective on shares of Equinix in a research report on Friday, November 10th. Morgan Stanley boosted their price objective on shares of Equinix from $424.00 to $435.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Finally, Nomura upped their price target on shares of Equinix from $490.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $495.20.
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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