Tredje AP fonden Boosts Holdings in Equinix, Inc. (EQIX)
Tredje AP fonden raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,839 shares of the financial services provider’s stock after purchasing an additional 450 shares during the period. Tredje AP fonden’s holdings in Equinix were worth $3,052,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC grew its position 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 worth $112,000 after buying an additional 7 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new position in shares of Equinix in the 2nd quarter worth approximately $127,000. Smithfield Trust Co. grew its position in shares of 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 buying an additional 54 shares during the last quarter. Amica Retiree Medical Trust purchased a new position in shares of Equinix in the 3rd quarter worth approximately $188,000. Finally, Commerce Bank purchased a new position in shares of Equinix in the 3rd quarter worth approximately $203,000. 94.34% of the stock is currently owned by institutional investors and hedge funds.
Shares of Equinix, Inc. (EQIX) opened at $442.28 on Tuesday. The company has a market cap of $36,700.00, a P/E ratio of 26.39, a P/E/G ratio of 1.89 and a beta of 0.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.11 and a quick ratio of 2.11. Equinix, Inc. has a 12 month low of $327.37 and a 12 month high of $495.35.
Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, November 1st. The financial services provider reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $2.24. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Equinix had a net margin of 5.58% and a return on equity of 5.59%. Equinix’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period last year, the business earned $3.95 EPS. analysts anticipate that Equinix, Inc. will post 16.05 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 15th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Tuesday, November 14th. Equinix’s dividend payout ratio (DPR) is presently 259.74%.
In other Equinix news, Director Christopher B. Paisley sold 593 shares of Equinix stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $484.99, for a total transaction of $287,599.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Keith D. Taylor sold 2,000 shares of Equinix stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $476.81, for a total transaction of $953,620.00. Following the sale, the chief financial officer now owns 27,996 shares of the company’s stock, valued at $13,348,772.76. The disclosure for this sale can be found here. Insiders sold a total of 5,993 shares of company stock valued at $2,770,635 over the last quarter. 0.58% of the stock is owned by company insiders.
EQIX has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of Equinix from $518.00 to $530.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Nomura lifted their price objective 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. Berenberg Bank initiated coverage on shares of Equinix in a research report on Tuesday, September 26th. They issued a “buy” rating and a $550.00 price objective on the stock. BidaskClub downgraded shares of Equinix from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Deutsche Bank initiated coverage on shares of Equinix in a research report on Tuesday, October 24th. They issued a “buy” rating and a $550.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Equinix currently has an average rating of “Buy” and a consensus price target of $500.74.
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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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