AMP Capital Investors Ltd lowered its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 9.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 229,755 shares of the financial services provider’s stock after selling 23,190 shares during the quarter. AMP Capital Investors Ltd owned about 0.29% of Equinix worth $102,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its position in shares of Equinix by 10.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 10,389 shares of the financial services provider’s stock worth $4,637,000 after purchasing an additional 952 shares during the period. Partners Capital Investment Group Holdings LLC raised its position in shares of Equinix by 10.3% during the 3rd quarter. Partners Capital Investment Group Holdings LLC now owns 63,862 shares of the financial services provider’s stock worth $28,502,000 after purchasing an additional 5,951 shares during the period. HMI Capital LLC raised its position in shares of Equinix by 19.5% during the 3rd quarter. HMI Capital LLC now owns 171,739 shares of the financial services provider’s stock worth $76,647,000 after purchasing an additional 28,000 shares during the period. Adelante Capital Management LLC raised its position in shares of Equinix by 21.6% during the 3rd quarter. Adelante Capital Management LLC now owns 171,561 shares of the financial services provider’s stock worth $76,568,000 after purchasing an additional 30,485 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Equinix by 4.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 30,612 shares of the financial services provider’s stock worth $13,657,000 after purchasing an additional 1,229 shares during the period. Hedge funds and other institutional investors own 94.34% of the company’s stock.

Equinix, Inc. (EQIX) opened at $445.59 on Wednesday. Equinix, Inc. has a fifty-two week low of $327.37 and a fifty-two week high of $495.35. The stock has a market capitalization of $36,704.12, a P/E ratio of 26.39, a P/E/G ratio of 1.89 and a beta of 0.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.11 and a quick ratio of 2.11.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share (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 analyst estimates of $1.14 billion. During the same period in the prior year, the company posted $3.95 EPS. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. analysts anticipate that Equinix, Inc. will post 16.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 15th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Tuesday, November 14th. Equinix’s dividend payout ratio (DPR) is 264.03%.

A number of brokerages have recently weighed in on EQIX. Berenberg Bank reiterated a “buy” rating and set a $550.00 price target on shares of Equinix in a research report on Friday, November 3rd. Zacks Investment Research upgraded Equinix from a “hold” rating to a “buy” rating and set a $547.00 price target on the stock in a research report on Monday, November 6th. Cowen reiterated a “buy” rating and set a $482.00 price target on shares of Equinix in a research report on Friday, November 10th. Morgan Stanley increased their price target on Equinix from $424.00 to $435.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Finally, Nomura increased their price target on Equinix from $490.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $500.74.

In related news, CFO Keith D. Taylor sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $438.46, for a total value of $657,690.00. Following the completion of the transaction, the chief financial officer now directly owns 31,393 shares of the company’s stock, valued at approximately $13,764,574.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Keith D. Taylor sold 2,000 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $476.81, for a total value of $953,620.00. Following the transaction, the chief financial officer now directly owns 27,996 shares of the company’s stock, valued at $13,348,772.76. The disclosure for this sale can be found here. Insiders sold a total of 5,993 shares of company stock valued at $2,770,635 over the last three months. Corporate insiders own 0.58% of the company’s stock.

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Equinix 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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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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