1,300 Shares in Equinix, Inc. (EQIX) Purchased by Ellington Management Group LLC
Ellington Management Group LLC acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,300 shares of the financial services provider’s stock, valued at approximately $589,000.
A number of other institutional investors and hedge funds have also bought and sold shares of EQIX. Arrowstreet Capital Limited Partnership purchased a new position in Equinix during the 4th quarter valued at $72,744,000. Standard Life Aberdeen plc boosted its holdings in Equinix by 59.1% during the 4th quarter. Standard Life Aberdeen plc now owns 423,174 shares of the financial services provider’s stock valued at $191,871,000 after acquiring an additional 157,236 shares during the period. Alyeska Investment Group L.P. boosted its holdings in Equinix by 52.5% during the 3rd quarter. Alyeska Investment Group L.P. now owns 432,015 shares of the financial services provider’s stock valued at $192,808,000 after acquiring an additional 148,638 shares during the period. Bank of New York Mellon Corp boosted its holdings in Equinix by 7.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,493,095 shares of the financial services provider’s stock valued at $666,367,000 after acquiring an additional 108,231 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in Equinix by 365.1% during the 4th quarter. Allianz Asset Management GmbH now owns 136,412 shares of the financial services provider’s stock valued at $61,825,000 after acquiring an additional 107,082 shares during the period. Institutional investors own 96.13% of the company’s stock.
EQIX has been the subject of a number of recent analyst reports. Zacks Investment Research cut Equinix from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. BidaskClub lowered Equinix from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 25th. Credit Suisse Group set a $515.00 target price on Equinix and gave the company a “buy” rating in a research report on Tuesday, December 12th. Barclays reaffirmed a “buy” rating and set a $500.00 target price on shares of Equinix in a research report on Friday, February 16th. Finally, Guggenheim set a $515.00 target price on Equinix and gave the company a “buy” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the stock. Equinix has an average rating of “Buy” and a consensus price target of $499.00.
Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.87 by ($3.05). The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Equinix had a return on equity of 6.54% and a net margin of 5.33%. The company’s revenue was up 27.3% on a year-over-year basis. During the same period in the previous year, the firm posted $4.08 earnings per share. research analysts anticipate that Equinix, Inc. will post 18.73 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, February 26th will be given a $2.28 dividend. This represents a $9.12 annualized dividend and a dividend yield of 2.25%. This is a positive change from Equinix’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend is Friday, February 23rd. Equinix’s payout ratio is presently 305.02%.
In other news, CFO Keith D. Taylor sold 1,500 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $457.84, for a total value of $686,760.00. Following the completion of the transaction, the chief financial officer now directly owns 26,196 shares of the company’s stock, valued at approximately $11,993,576.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Irving F. Lyons III sold 5,296 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $390.41, for a total value of $2,067,611.36. Following the completion of the transaction, the director now directly owns 24,788 shares of the company’s stock, valued at $9,677,483.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,482 shares of company stock valued at $15,507,697. Corporate insiders own 0.58% of the company’s stock.
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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