Advisors Asset Management Inc. maintained its position in shares of Equinix Inc. (NASDAQ:EQIX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308 shares of the company’s stock at the end of the second quarter. Advisors Asset Management Inc.’s holdings in Equinix were worth $119,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Virginia Retirement System bought a new stake in shares of Equinix during the first quarter valued at $358,000. IFP Advisors Inc increased its stake in Equinix by 0.6% in the first quarter. IFP Advisors Inc now owns 310 shares of the company’s stock worth $103,000 after buying an additional 2 shares during the period. BlackRock Group LTD increased its stake in Equinix by 13.1% in the first quarter. BlackRock Group LTD now owns 493,964 shares of the company’s stock worth $163,359,000 after buying an additional 57,328 shares during the period. BlackRock Japan Co. Ltd increased its stake in Equinix by 15.3% in the first quarter. BlackRock Japan Co. Ltd now owns 82,834 shares of the company’s stock worth $27,394,000 after buying an additional 10,982 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Equinix by 19.9% in the first quarter. JPMorgan Chase & Co. now owns 980,242 shares of the company’s stock worth $324,175,000 after buying an additional 162,915 shares during the period. Institutional investors own 99.86% of the company’s stock.
Shares of Equinix Inc. (NASDAQ:EQIX) traded down 0.58% during mid-day trading on Friday, hitting $351.09. The company’s stock had a trading volume of 390,354 shares. The company has a market cap of $24.95 billion, a price-to-earnings ratio of 346.58 and a beta of 0.79. Equinix Inc. has a 1-year low of $255.45 and a 1-year high of $391.07. The company has a 50-day moving average of $362.77 and a 200 day moving average of $357.83.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.64 by $3.08. The business had revenue of $900.50 million for the quarter, compared to analyst estimates of $893.99 million. Equinix had a return on equity of 6.02% and a net margin of 2.07%. Equinix’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. On average, analysts expect that Equinix Inc. will post $14.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Wednesday, August 24th were issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Monday, August 22nd. Equinix’s dividend payout ratio is presently 654.21%.
EQIX has been the subject of a number of recent analyst reports. Jefferies Group reissued a “hold” rating on shares of Equinix in a report on Monday, August 29th. Cowen and Company reiterated an “outperform” rating and set a $409.00 price objective on shares of Equinix in a research report on Thursday, September 22nd. Zacks Investment Research upgraded Equinix from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a research report on Wednesday, September 14th. Pacific Crest reiterated an “overweight” rating and set a $457.00 price objective on shares of Equinix in a research report on Monday, June 27th. Finally, Oppenheimer Holdings Inc. raised Equinix from a “market perform” rating to an “outperform” rating and set a $420.00 price target on the stock in a research note on Tuesday, September 6th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Equinix presently has an average rating of “Buy” and a consensus price target of $398.79.
In other Equinix news, insider Sara Baack sold 300 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $353.96, for a total transaction of $106,188.00. Following the completion of the transaction, the insider now directly owns 6,004 shares in the company, valued at $2,125,175.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Eric Schwartz sold 86 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $368.76, for a total transaction of $31,713.36. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.
Equinix Company Profile
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.