Candriam Luxembourg S.C.A. cut its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 9.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,896 shares of the financial services provider’s stock after selling 537 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Equinix were worth $2,101,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Creative Planning boosted its stake in shares of Equinix by 63.6% in the first quarter. Creative Planning now owns 692 shares of the financial services provider’s stock worth $277,000 after buying an additional 269 shares during the period. Exxonmobil Investment Management Inc. TX boosted its stake in shares of Equinix by 4.4% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 17,256 shares of the financial services provider’s stock worth $6,909,000 after buying an additional 734 shares during the period. National Pension Service boosted its stake in shares of Equinix by 14.5% in the first quarter. National Pension Service now owns 60,957 shares of the financial services provider’s stock worth $24,208,000 after buying an additional 7,711 shares during the period. Spirit of America Management Corp NY bought a new stake in shares of Equinix during the first quarter worth $400,000. Finally, Capstone Asset Management Co. boosted its stake in shares of Equinix by 2.0% in the first quarter. Capstone Asset Management Co. now owns 6,210 shares of the financial services provider’s stock worth $2,486,000 after buying an additional 123 shares during the period. 95.31% of the stock is owned by hedge funds and other institutional investors.
Equinix, Inc. (NASDAQ EQIX) opened at 439.48 on Friday. The stock’s 50 day moving average is $437.69 and its 200-day moving average is $412.12. The firm has a market capitalization of $34.26 billion, a price-to-earnings ratio of 161.40 and a beta of 0.59. Equinix, Inc. has a 52 week low of $314.55 and a 52 week high of $459.00.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.41 by $2.83. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. Equinix had a net margin of 5.18% and a return on equity of 5.51%. On average, equities research analysts expect that Equinix, Inc. will post $3.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be given a $2.00 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $8.00 annualized dividend and a yield of 1.82%. Equinix’s dividend payout ratio is presently 293.04%.
A number of equities research analysts recently weighed in on EQIX shares. Zacks Investment Research cut shares of Equinix from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Barclays PLC reissued a “hold” rating and issued a $410.00 price target (up from $400.00) on shares of Equinix in a research report on Friday, April 21st. Mitsubishi UFJ Financial Group started coverage on shares of Equinix in a research report on Tuesday, April 25th. They issued an “overweight” rating and a $433.00 price target for the company. Stifel Nicolaus reissued a “buy” rating and issued a $465.00 price target (up from $435.00) on shares of Equinix in a research report on Tuesday, April 25th. Finally, Citigroup Inc. boosted their price target on shares of Equinix from $435.00 to $462.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Equinix presently has a consensus rating of “Buy” and a consensus target price of $464.78.
In related news, CEO Stephen M. Smith sold 5,348 shares of Equinix stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $432.60, for a total value of $2,313,544.80. Following the sale, the chief executive officer now directly owns 18,967 shares in the company, valued at approximately $8,205,124.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Christopher B. Paisley sold 500 shares of Equinix stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $439.39, for a total transaction of $219,695.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,143 shares of company stock worth $9,703,456. 0.58% of the stock is currently owned by insiders.
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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