Equinix, Inc. (EQIX) Shares Sold by Standard Life Investments LTD
Standard Life Investments LTD cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 38.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,339 shares of the financial services provider’s stock after selling 245,959 shares during the period. Standard Life Investments LTD owned 0.52% of Equinix worth $172,209,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of EQIX. BlackRock Inc. lifted its holdings in Equinix by 3,737.0% in the 1st quarter. BlackRock Inc. now owns 6,295,590 shares of the financial services provider’s stock worth $2,520,566,000 after purchasing an additional 6,131,516 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Equinix by 9.9% in the 1st quarter. Vanguard Group Inc. now owns 13,186,442 shares of the financial services provider’s stock worth $5,279,456,000 after purchasing an additional 1,192,961 shares in the last quarter. Uniplan Investment Counsel Inc. purchased a new position in Equinix in the 2nd quarter worth approximately $13,563,000. Nuveen Asset Management LLC lifted its holdings in Equinix by 64.8% in the 1st quarter. Nuveen Asset Management LLC now owns 672,053 shares of the financial services provider’s stock worth $269,070,000 after purchasing an additional 264,226 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Equinix by 22.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,182,730 shares of the financial services provider’s stock worth $507,583,000 after purchasing an additional 214,396 shares in the last quarter. 94.41% of the stock is currently owned by institutional investors.
Equinix, Inc. (NASDAQ:EQIX) traded down 1.79% during trading on Wednesday, hitting $459.99. The stock had a trading volume of 192,777 shares. Equinix, Inc. has a 12 month low of $314.55 and a 12 month high of $474.71.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $4.59 EPS for the quarter, topping the Zacks’ consensus estimate of $3.41 by $1.18. Equinix had a return on equity of 5.51% and a net margin of 5.18%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. Analysts anticipate that Equinix, Inc. will post $3.86 earnings per share for the current year.
The business 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 dividend of $2.00 per share. The ex-dividend date is Monday, August 21st. This represents a $8.00 dividend on an annualized basis and a yield of 1.71%. Equinix’s payout ratio is 293.04%.
In other Equinix news, insider Karl Strohmeyer sold 250 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $464.96, for a total transaction of $116,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen M. Smith sold 5,348 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was 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 of the company’s stock, valued at approximately $8,205,124.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,059 shares of company stock worth $7,557,950. 0.58% of the stock is currently owned by company insiders.
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A number of research analysts recently commented on EQIX shares. Royal Bank Of Canada reissued a “buy” rating and issued a $470.00 price target on shares of Equinix in a report on Wednesday, May 31st. Credit Suisse Group started coverage on Equinix in a report on Friday, June 30th. They issued an “outperform” rating and a $510.00 price target on the stock. Macquarie reissued an “outperform” rating and issued a $450.00 price target on shares of Equinix in a report on Tuesday, July 4th. Canaccord Genuity reissued a “buy” rating and issued a $525.00 price target on shares of Equinix in a report on Monday, June 12th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $410.00 price target on shares of Equinix in a report on Tuesday, July 4th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $464.78.
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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