APG Asset Management US Inc. lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 30.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,500 shares of the financial services provider’s stock after selling 46,500 shares during the period. APG Asset Management US Inc.’s holdings in Equinix were worth $46,135,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC raised its position in Equinix by 1,033.3% in the first quarter. Proficio Capital Partners LLC now owns 238 shares of the financial services provider’s stock valued at $105,000 after buying an additional 217 shares during the last quarter. Point72 Asia Hong Kong Ltd raised its position in Equinix by 47.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 252 shares of the financial services provider’s stock valued at $101,000 after buying an additional 81 shares during the last quarter. Advisory Services Network LLC acquired a new position in Equinix during the first quarter valued at $112,000. Guardian Life Insurance Co. of America raised its position in Equinix by 9.9% in the first quarter. Guardian Life Insurance Co. of America now owns 300 shares of the financial services provider’s stock valued at $120,000 after buying an additional 27 shares during the last quarter. Finally, Westside Investment Management Inc. raised its position in Equinix by 31.9% in the first quarter. Westside Investment Management Inc. now owns 413 shares of the financial services provider’s stock valued at $165,000 after buying an additional 100 shares during the last quarter. 95.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Equinix, Inc. (EQIX) traded down 0.34% during mid-day trading on Friday, hitting $450.00. The company’s stock had a trading volume of 520,694 shares. Equinix, Inc. has a 1-year low of $314.55 and a 1-year high of $459.00. The company has a 50-day moving average of $440.37 and a 200 day moving average of $414.83.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $1.18. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. Analysts anticipate that Equinix, Inc. will post $3.90 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Monday, August 21st. Equinix’s dividend payout ratio (DPR) is presently 293.04%.
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Several research analysts recently weighed in on the company. Barclays PLC reissued an “equal weight” rating and set a $475.00 price target (up from $410.00) on shares of Equinix in a research report on Wednesday, August 9th. BidaskClub lowered Equinix from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada upped their price target on Equinix from $470.00 to $505.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. Cowen and Company reissued an “outperform” rating and set a $482.00 price target (up from $465.00) on shares of Equinix in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $497.00 target price (up from $485.00) on shares of Equinix in a research report on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $464.78.
In other news, insider Michael Earl Campbell sold 1,476 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $437.34, for a total transaction of $645,513.84. Following the completion of the sale, the insider now owns 243 shares in the company, valued at $106,273.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Keith D. Taylor sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $440.99, for a total value of $440,990.00. Following the sale, the chief financial officer now owns 36,296 shares of the company’s stock, valued at approximately $16,006,173.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,143 shares of company stock worth $9,703,456. Company insiders own 0.58% of the company’s stock.
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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