State of Tennessee Treasury Department grew its holdings in Equinix, Inc. (NASDAQ:EQIX) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,309 shares of the financial services provider’s stock after purchasing an additional 89 shares during the quarter. State of Tennessee Treasury Department’s holdings in Equinix were worth $9,145,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new position in Equinix during the first quarter worth $3,723,000. Arxis Securities LLC acquired a new position in Equinix during the first quarter worth $227,000. Alliancebernstein L.P. raised its position in Equinix by 4.3% during the first quarter. Alliancebernstein L.P. now owns 188,721 shares of the financial services provider’s stock worth $75,558,000 after acquiring an additional 7,859 shares during the period. Two Sigma Securities LLC acquired a new position in Equinix during the first quarter worth $351,000. Finally, Prudential Financial Inc. raised its position in Equinix by 1.1% during the second quarter. Prudential Financial Inc. now owns 110,757 shares of the financial services provider’s stock worth $47,532,000 after acquiring an additional 1,185 shares during the period. Institutional investors and hedge funds own 94.41% of the company’s stock.
In other Equinix news, CFO Keith D. Taylor sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $436.12, for a total value of $436,120.00. Following the sale, the chief financial officer now owns 32,996 shares of the company’s stock, valued at approximately $14,390,215.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Earl Campbell sold 1,427 shares of Equinix stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $459.75, for a total value of $656,063.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,711 shares of company stock worth $5,244,405. 0.58% of the stock is currently owned by insiders.
A number of equities research analysts have recently commented on EQIX shares. Nomura started coverage on shares of Equinix in a research report on Thursday, May 25th. They issued a “buy” rating and a $490.00 target price for the company. Instinet reiterated a “buy” rating and issued a $490.00 target price on shares of Equinix in a research report on Thursday, May 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $470.00 target price on shares of Equinix in a research report on Wednesday, May 31st. Canaccord Genuity reissued a “buy” rating and issued a $525.00 price objective on shares of Equinix in a report on Monday, June 12th. Finally, Credit Suisse Group assumed coverage on shares of Equinix in a report on Friday, June 30th. They issued an “outperform” rating and a $510.00 price objective for the company. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $464.78.
Equinix, Inc. (NASDAQ EQIX) traded down 0.82% during mid-day trading on Friday, reaching $451.17. 135,588 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $455.67 and its 200-day moving average price is $425.49. The company has a market capitalization of $35.17 billion, a P/E ratio of 165.69 and a beta of 0.56. Equinix, Inc. has a 52 week low of $314.55 and a 52 week high of $475.28.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.41 by $1.18. Equinix had a return on equity of 5.51% and a net margin of 5.18%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. On average, equities research analysts expect that Equinix, Inc. will post $3.85 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, August 21st. Equinix’s dividend payout ratio is 293.04%.
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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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