UBS Oconnor LLC Sells 6,100 Shares of Equinix Inc (NASDAQ:EQIX)

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UBS Oconnor LLC lessened its holdings in Equinix Inc (NASDAQ:EQIX) by 46.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,000 shares of the financial services provider’s stock after selling 6,100 shares during the quarter. UBS Oconnor LLC’s holdings in Equinix were worth $3,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in Equinix in the 2nd quarter valued at $26,000. Patriot Financial Group Insurance Agency LLC bought a new position in Equinix in the 2nd quarter valued at $26,000. Carroll Financial Associates Inc. grew its stake in Equinix by 63.6% in the 2nd quarter. Carroll Financial Associates Inc. now owns 54 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 21 shares during the period. Meridian Wealth Management LLC bought a new position in Equinix in the 1st quarter valued at $28,000. Finally, Johnson Financial Group Inc. bought a new position in Equinix in the 2nd quarter valued at $29,000.

In related news, insider Michael Earl Campbell sold 124 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $559.80, for a total transaction of $69,415.20. Following the sale, the insider now owns 1,578 shares of the company’s stock, valued at approximately $883,364.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Simon Miller sold 475 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $564.11, for a total value of $267,952.25. Following the sale, the chief accounting officer now directly owns 951 shares in the company, valued at approximately $536,468.61. The disclosure for this sale can be found here. Insiders have sold a total of 12,409 shares of company stock worth $6,727,033 in the last three months. 0.49% of the stock is currently owned by insiders.

A number of brokerages have issued reports on EQIX. Stifel Nicolaus upped their price objective on Equinix from $542.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. ValuEngine cut Equinix from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. BidaskClub cut Equinix from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 12th. Oppenheimer upped their price target on Equinix from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Nomura upped their price target on Equinix from $505.00 to $575.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $532.40.

EQIX traded up $7.88 during trading on Thursday, reaching $568.88. 310,868 shares of the company were exchanged, compared to its average volume of 343,241. The company’s 50-day moving average is $544.60 and its two-hundred day moving average is $494.73. The company has a market cap of $44.47 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 1.82 and a beta of 0.70. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.34. Equinix Inc has a 12-month low of $335.29 and a 12-month high of $567.89.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.14 by ($3.45). The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Equinix had a return on equity of 6.29% and a net margin of 9.29%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the company posted $3.63 EPS. Equities analysts forecast that Equinix Inc will post 20.69 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st were issued a dividend of $2.46 per share. The ex-dividend date was Tuesday, August 20th. This represents a $9.84 dividend on an annualized basis and a yield of 1.73%. Equinix’s dividend payout ratio (DPR) is 47.56%.

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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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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