Reaves W H & Co. Inc. raised its position in Equinix Inc (NASDAQ:EQIX) by 400.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,792 shares of the financial services provider’s stock after acquiring an additional 35,047 shares during the quarter. Reaves W H & Co. Inc. owned approximately 0.05% of Equinix worth $18,957,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Bridgeworth LLC bought a new position in shares of Equinix in the second quarter worth about $100,000. We Are One Seven LLC bought a new position in shares of Equinix in the third quarter worth about $204,000. First Allied Advisory Services Inc. bought a new position in shares of Equinix in the second quarter worth about $206,000. Park Avenue Securities LLC bought a new position in shares of Equinix in the second quarter worth about $214,000. Finally, Greenleaf Trust bought a new position in shares of Equinix in the third quarter worth about $226,000. 98.24% of the stock is currently owned by institutional investors.

NASDAQ:EQIX opened at $384.46 on Wednesday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.24 and a quick ratio of 1.24. Equinix Inc has a 12-month low of $370.79 and a 12-month high of $484.31. The stock has a market cap of $31.31 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.30 and a beta of 0.74.

Equinix (NASDAQ:EQIX) last released its earnings results on Thursday, November 1st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.47 by ($2.92). Equinix had a return on equity of 7.70% and a net margin of 6.46%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the business posted $3.63 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, research analysts anticipate that Equinix Inc will post 18.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 14th will be given a dividend of $2.28 per share. This represents a $9.12 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Tuesday, November 13th. Equinix’s dividend payout ratio is currently 49.22%.

In related news, insider Michael Earl Campbell sold 1,316 shares of the stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $423.38, for a total transaction of $557,168.08. Following the completion of the sale, the insider now owns 3,954 shares in the company, valued at $1,674,044.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Keith D. Taylor sold 2,000 shares of the stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $431.65, for a total value of $863,300.00. Following the sale, the chief financial officer now owns 21,141 shares of the company’s stock, valued at approximately $9,125,512.65. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

EQIX has been the topic of several recent research reports. Zacks Investment Research downgraded Equinix from a “hold” rating to a “sell” rating in a research note on Thursday, October 25th. BidaskClub downgraded Equinix from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. Credit Suisse Group set a $500.00 price objective on Equinix and gave the stock a “buy” rating in a research note on Friday, November 2nd. MED decreased their price objective on Equinix to $460.00 and set a “positive” rating on the stock in a research note on Thursday, November 1st. Finally, KeyCorp initiated coverage on Equinix in a research note on Tuesday, October 23rd. They issued a “sector weight” rating on the stock. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and sixteen have issued a buy rating to the stock. Equinix presently has a consensus rating of “Buy” and an average target price of $501.28.

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Equinix Company Profile

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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