Equinix Inc. (NASDAQ:EQIX) COO Charles J. Meyers sold 200 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $360.63, for a total transaction of $72,126.00. Following the completion of the transaction, the chief operating officer now owns 1,445 shares of the company’s stock, valued at approximately $521,110.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Equinix Inc. (NASDAQ:EQIX) opened at 349.03 on Thursday. The company has a market capitalization of $24.81 billion, a PE ratio of 344.55 and a beta of 0.79. Equinix Inc. has a 12-month low of $255.45 and a 12-month high of $391.07. The firm has a 50-day moving average of $363.54 and a 200 day moving average of $357.62.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $3.64 by $3.08. The company earned $900.50 million during 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%. The company’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 earnings per share. Analysts forecast that Equinix Inc. will post $14.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 24th were issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Monday, August 22nd. Equinix’s payout ratio is 654.21%.
Several research analysts recently weighed in on EQIX shares. Oppenheimer Holdings Inc. upgraded shares of Equinix from a “market perform” rating to an “outperform” rating and set a $420.00 price objective for the company in a research report on Tuesday, September 6th. Jefferies Group reiterated a “hold” rating on shares of Equinix in a research report on Tuesday, September 13th. Pacific Crest reiterated a “buy” rating on shares of Equinix in a research report on Wednesday, August 24th. Goldman Sachs Group Inc. initiated coverage on shares of Equinix in a research report on Tuesday, July 5th. They set a “buy” rating and a $435.00 target price for the company. Finally, SunTrust Banks Inc. assumed coverage on shares of Equinix in a research report on Thursday, July 21st. They set a “buy” rating and a $445.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $398.79.
A number of large investors have recently bought and sold shares of EQIX. Gerstein Fisher bought a new stake in Equinix during the second quarter worth approximately $1,190,000. Heitman Real Estate Securities LLC boosted its position in shares of Equinix by 32.4% in the first quarter. Heitman Real Estate Securities LLC now owns 390,178 shares of the company’s stock worth $129,036,000 after buying an additional 95,498 shares in the last quarter. Allen Investment Management LLC boosted its position in shares of Equinix by 2.8% in the first quarter. Allen Investment Management LLC now owns 181,596 shares of the company’s stock worth $60,056,000 after buying an additional 4,987 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Equinix by 1.5% in the second quarter. Retirement Systems of Alabama now owns 35,395 shares of the company’s stock worth $13,724,000 after buying an additional 538 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Equinix by 8.2% in the first quarter. Legal & General Group Plc now owns 283,092 shares of the company’s stock worth $93,620,000 after buying an additional 21,437 shares in the last quarter. Institutional investors and hedge funds own 99.86% 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.
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