Teachers Insurance & Annuity Association of America boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,330 shares of the financial services provider’s stock after purchasing an additional 8,798 shares during the quarter. Equinix accounts for approximately 2.0% of Teachers Insurance & Annuity Association of America’s holdings, making the stock its 7th biggest position. Teachers Insurance & Annuity Association of America’s holdings in Equinix were worth $39,127,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership bought a new stake in Equinix in the 4th quarter valued at $72,744,000. Standard Life Aberdeen plc increased its holdings in Equinix by 59.1% in the 4th quarter. Standard Life Aberdeen plc now owns 423,174 shares of the financial services provider’s stock valued at $191,871,000 after buying an additional 157,236 shares during the period. Alyeska Investment Group L.P. increased its holdings in Equinix by 52.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 432,015 shares of the financial services provider’s stock valued at $192,808,000 after buying an additional 148,638 shares during the period. Bank of New York Mellon Corp increased its holdings in Equinix by 7.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,493,095 shares of the financial services provider’s stock valued at $666,367,000 after buying an additional 108,231 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in Equinix by 365.1% in the 4th quarter. Allianz Asset Management GmbH now owns 136,412 shares of the financial services provider’s stock valued at $61,825,000 after buying an additional 107,082 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.
In other news, Director Irving F. Lyons III sold 5,296 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $390.41, for a total value of $2,067,611.36. Following the sale, the director now owns 24,788 shares of the company’s stock, valued at approximately $9,677,483.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Earl Campbell sold 200 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $462.43, for a total transaction of $92,486.00. Following the completion of the sale, the insider now directly owns 925 shares in the company, valued at approximately $427,747.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,482 shares of company stock worth $15,507,697. 0.58% of the stock is owned by insiders.
Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, February 14th. The financial services provider reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.87 by ($3.05). Equinix had a return on equity of 6.54% and a net margin of 5.33%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the company posted $4.08 EPS. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. research analysts expect that Equinix, Inc. will post 18.73 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, February 26th will be issued a $2.28 dividend. This is a positive change from Equinix’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $9.12 annualized dividend and a dividend yield of 2.31%. Equinix’s dividend payout ratio is presently 305.02%.
Several brokerages have issued reports on EQIX. Zacks Investment Research lowered shares of Equinix from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Credit Suisse Group reissued a “buy” rating and issued a $519.00 price target on shares of Equinix in a report on Sunday, February 25th. Barclays reissued a “buy” rating and issued a $500.00 price target on shares of Equinix in a report on Friday, February 16th. Guggenheim set a $515.00 price target on shares of Equinix and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, BidaskClub lowered shares of Equinix from a “sell” rating to a “strong sell” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $499.00.
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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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