Equinix Inc (NASDAQ:EQIX) CEO Charles J. Meyers sold 282 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $462.31, for a total transaction of $130,371.42. Following the sale, the chief executive officer now directly owns 5,882 shares of the company’s stock, valued at approximately $2,719,307.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NASDAQ:EQIX opened at $452.66 on Wednesday. Equinix Inc has a 12 month low of $335.29 and a 12 month high of $467.99. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $37.20 billion, a PE ratio of 22.20, a P/E/G ratio of 1.62 and a beta of 0.91.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, February 13th. The financial services provider reported $1.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.46 by ($3.10). Equinix had a return on equity of 6.88% and a net margin of 7.20%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the business posted $0.82 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, research analysts forecast that Equinix Inc will post 20.89 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 27th were given a $2.46 dividend. This represents a $9.84 annualized dividend and a dividend yield of 2.17%. This is a boost from Equinix’s previous quarterly dividend of $2.28. The ex-dividend date of this dividend was Tuesday, February 26th. Equinix’s dividend payout ratio (DPR) is currently 47.56%.

Several brokerages have weighed in on EQIX. Zacks Investment Research cut shares of Equinix from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Co increased their price target on shares of Equinix from $475.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, March 27th. Nomura increased their price target on shares of Equinix from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, March 29th. BidaskClub raised shares of Equinix from a “hold” rating to a “buy” rating in a research report on Tuesday, December 18th. Finally, Citigroup increased their price target on shares of Equinix from $481.00 to $482.00 and gave the company a “buy” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Equinix presently has an average rating of “Buy” and an average price target of $495.29.

Several large investors have recently bought and sold shares of EQIX. Norges Bank purchased a new stake in shares of Equinix in the 4th quarter worth about $373,709,000. Cohen & Steers Inc. increased its stake in shares of Equinix by 7.4% in the 4th quarter. Cohen & Steers Inc. now owns 3,161,793 shares of the financial services provider’s stock worth $1,114,722,000 after acquiring an additional 218,971 shares in the last quarter. Northern Trust Corp increased its stake in shares of Equinix by 19.7% in the 4th quarter. Northern Trust Corp now owns 1,116,449 shares of the financial services provider’s stock worth $393,617,000 after acquiring an additional 183,479 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of Equinix by 78.8% in the 4th quarter. 1832 Asset Management L.P. now owns 327,280 shares of the financial services provider’s stock worth $115,308,000 after acquiring an additional 144,275 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Equinix by 101.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 275,313 shares of the financial services provider’s stock worth $97,057,000 after acquiring an additional 138,536 shares in the last quarter. 98.92% of the stock is owned by hedge funds and other institutional investors.

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Equinix Company Profile

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

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Insider Buying and Selling by Quarter for Equinix (NASDAQ:EQIX)

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