Equinix Inc. (NASDAQ:EQIX) Director Christopher B. Paisley sold 500 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $334.35, for a total value of $167,175.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Equinix Inc. (NASDAQ:EQIX) opened at 338.21 on Friday. The stock has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00. Equinix Inc. has a 1-year low of $255.45 and a 1-year high of $391.07.
Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, November 2nd. The company reported $3.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.85 by $0.10. The firm had revenue of $924.68 million for the quarter, compared to analyst estimates of $919.73 million. Equinix had a return on equity of 3.68% and a net margin of 2.23%. The company’s revenue was up 34.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. On average, analysts anticipate that Equinix Inc. will post $14.95 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Wednesday, November 16th will be given a $1.75 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 2.07%. Equinix’s dividend payout ratio is currently 648.15%.
Several hedge funds have recently made changes to their positions in EQIX. Tower Research Capital LLC TRC purchased a new stake in shares of Equinix during the second quarter worth approximately $104,000. Integrated Investment Consultants LLC increased its stake in shares of Equinix by 5.6% in the second quarter. Integrated Investment Consultants LLC now owns 284 shares of the company’s stock worth $110,000 after buying an additional 15 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Equinix by 9.0% in the second quarter. IFP Advisors Inc now owns 338 shares of the company’s stock worth $131,000 after buying an additional 28 shares in the last quarter. Creative Planning increased its stake in shares of Equinix by 95.0% in the third quarter. Creative Planning now owns 351 shares of the company’s stock worth $126,000 after buying an additional 171 shares in the last quarter. Finally, AXA purchased a new stake in shares of Equinix during the second quarter worth approximately $155,000. Institutional investors own 98.11% of the company’s stock.
EQIX has been the subject of a number of analyst reports. Pacific Crest restated a “buy” rating on shares of Equinix in a report on Wednesday, August 24th. Zacks Investment Research upgraded Equinix from a “hold” rating to a “buy” rating and set a $408.00 price target for the company in a report on Tuesday, August 9th. Canaccord Genuity upped their target price on Equinix from $390.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, August 12th. Barclays PLC upped their target price on Equinix from $360.00 to $372.00 and gave the company an “equal weight” rating in a research report on Thursday, August 4th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Equinix in a research report on Monday, August 29th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $401.97.
Equinix Company Profile