Equinix, Inc. $EQIX Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. reduced its position in Equinix, Inc. (NASDAQ:EQIX) by 51.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,002 shares of the financial services provider’s stock after selling 1,056 shares during the period. Jefferies Financial Group Inc.’s holdings in Equinix were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Equinix in the second quarter valued at $11,930,074,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Equinix by 26,831.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock worth $1,291,648,000 after acquiring an additional 1,234,521 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Equinix during the 2nd quarter worth about $1,181,260,000. Canada Pension Plan Investment Board acquired a new stake in shares of Equinix during the 2nd quarter valued at about $1,163,662,000. Finally, Deutsche Bank AG acquired a new stake in shares of Equinix during the 2nd quarter valued at about $1,118,930,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Price Performance

Shares of NASDAQ EQIX traded down $18.98 during trading on Friday, hitting $1,053.79. The company had a trading volume of 445,928 shares, compared to its average volume of 723,856. The firm has a market capitalization of $103.98 billion, a price-to-earnings ratio of 63.29, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98. The stock has a fifty day simple moving average of $1,019.12 and a two-hundred day simple moving average of $1,019.84. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.59. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $4.93 earnings per share for the quarter, topping the consensus estimate of $4.11 by $0.82. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Equinix had a net margin of 16.38% and a return on equity of 11.49%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.83 EPS. On average, research analysts expect that Equinix, Inc. will post 39.01 earnings per share for the current year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, November 18th will be paid a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, November 18th. Equinix’s payout ratio is 123.96%.

Wall Street Analysts Forecast Growth

EQIX has been the subject of a number of analyst reports. Sanford C. Bernstein upped their price target on Equinix from $1,222.00 to $1,270.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Deutsche Bank reiterated a “buy” rating on shares of Equinix in a research report on Friday, October 30th. JPMorgan Chase & Co. raised their price objective on Equinix from $1,300.00 to $1,350.00 and gave the company an “overweight” rating in a report on Thursday, October 29th. Scotiabank restated a “sector perform” rating and issued a $1,208.00 price objective on shares of Equinix in a research report on Thursday, July 30th. Finally, BTIG Research upped their target price on Equinix from $1,210.00 to $1,240.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,234.13.

Insiders Place Their Bets

In other Equinix news, insider Kurt Pletcher sold 198 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $1,014.18, for a total transaction of $200,807.64. Following the completion of the transaction, the insider owned 3,879 shares of the company’s stock, valued at $3,934,004.22. This represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher Paisley sold 125 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total value of $137,947.50. Following the completion of the transaction, the director owned 13,734 shares in the company, valued at approximately $15,156,567.72. This trade represents a 0.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 968 shares of company stock worth $1,007,885. Corporate insiders own 0.27% of the company’s stock.

Equinix Company Profile

Equinix, Inc. is a global digital infrastructure company that operates data centers where businesses can house their computing and networking equipment. Its colocation services support organizations seeking secure, reliable facilities for their IT systems. The company also provides interconnection services that enable customers to connect with cloud providers, networks, business partners and one another. Its Equinix Fabric platform offers software-defined connectivity, while its xScale facilities are designed to serve large-scale cloud and technology companies.