Equinix, Inc. (EQIX) Insider Sells $95,874.00 in Stock
Equinix, Inc. (NASDAQ:EQIX) insider Michael Earl Campbell sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $479.37, for a total value of $95,874.00. Following the transaction, the insider now owns 1,125 shares of the company’s stock, valued at approximately $539,291.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Michael Earl Campbell also recently made the following trade(s):
- On Monday, October 16th, Michael Earl Campbell sold 200 shares of Equinix stock. The stock was sold at an average price of $463.61, for a total value of $92,722.00.
- On Tuesday, September 5th, Michael Earl Campbell sold 1,427 shares of Equinix stock. The stock was sold at an average price of $459.75, for a total value of $656,063.25.
Shares of Equinix, Inc. (NASDAQ EQIX) traded down $2.29 during trading on Friday, hitting $472.80. The company had a trading volume of 297,697 shares, compared to its average volume of 407,535. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.51. Equinix, Inc. has a twelve month low of $327.37 and a twelve month high of $495.35. The firm has a market capitalization of $36,989.04, a PE ratio of 26.59, a PEG ratio of 1.90 and a beta of 0.46.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $2.24. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm earned $3.95 earnings per share. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. research analysts predict that Equinix, Inc. will post 16.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 15th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.69%. Equinix’s dividend payout ratio (DPR) is presently 264.03%.
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Several institutional investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC grew its stake in shares of Equinix by 2.9% during the second quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 7 shares during the period. Conning Inc. grew its stake in shares of Equinix by 0.6% during the second quarter. Conning Inc. now owns 1,550 shares of the financial services provider’s stock worth $665,000 after purchasing an additional 10 shares during the period. New Amsterdam Partners LLC NY grew its stake in shares of Equinix by 2.7% during the second quarter. New Amsterdam Partners LLC NY now owns 571 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 15 shares during the period. Solaris Asset Management LLC grew its stake in shares of Equinix by 3.8% during the second quarter. Solaris Asset Management LLC now owns 552 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 20 shares during the period. Finally, Alps Advisors Inc. grew its stake in shares of Equinix by 0.3% during the second quarter. Alps Advisors Inc. now owns 6,625 shares of the financial services provider’s stock worth $2,843,000 after purchasing an additional 20 shares during the period. 95.09% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently weighed in on EQIX. Barclays PLC reaffirmed an “equal weight” rating and set a $475.00 price target (up from $410.00) on shares of Equinix in a report on Wednesday, August 9th. Citigroup Inc. raised their price target on Equinix from $518.00 to $530.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Cowen and Company reaffirmed a “buy” rating and set a $482.00 price target on shares of Equinix in a report on Friday, November 10th. BidaskClub cut Equinix from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada raised their price target on Equinix from $470.00 to $505.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $495.20.
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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