Equinix Inc (EQIX) CEO Charles J. Meyers Sells 282 Shares
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.
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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