Friedberg Investment Management bought a new stake in Equinix, Inc. (NASDAQ:EQIX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,490 shares of the financial services provider’s stock, valued at approximately $1,069,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cubist Systematic Strategies LLC lifted its stake in Equinix by 2,587.8% in the second quarter. Cubist Systematic Strategies LLC now owns 2,204 shares of the financial services provider’s stock valued at $946,000 after acquiring an additional 2,122 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Equinix in the second quarter valued at approximately $2,151,000. Lenox Wealth Management Inc. acquired a new stake in Equinix in the second quarter valued at approximately $658,000. Janus Henderson Group PLC lifted its stake in shares of Equinix by 1,517.9% in the second quarter. Janus Henderson Group PLC now owns 499,004 shares of the financial services provider’s stock worth $214,150,000 after buying an additional 468,162 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA acquired a new stake in shares of Equinix in the second quarter worth $127,000. Hedge funds and other institutional investors own 96.44% of the company’s stock.
In other news, CFO Keith D. Taylor sold 1,000 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $464.57, for a total transaction of $464,570.00. Following the completion of the transaction, the chief financial officer now owns 32,096 shares in the company, valued at approximately $14,910,838.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Keith D. Taylor sold 1,500 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $438.46, for a total value of $657,690.00. Following the transaction, the chief financial officer now owns 31,393 shares of the company’s stock, valued at approximately $13,764,574.78. The disclosure for this sale can be found here. Insiders sold a total of 9,711 shares of company stock valued at $4,376,925 in the last 90 days. Corporate insiders own 0.58% of the company’s stock.
Shares of Equinix, Inc. (EQIX) traded down 0.253% during trading on Tuesday, hitting $460.185. 58,658 shares of the stock traded hands. Equinix, Inc. has a 52 week low of $314.55 and a 52 week high of $475.28.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. On average, equities research analysts predict that Equinix, Inc. will post $3.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd were paid a $2.00 dividend. The ex-dividend date was Monday, August 21st. This represents a $8.00 dividend on an annualized basis and a yield of 1.73%. Equinix’s dividend payout ratio (DPR) is presently 293.04%.
A number of brokerages have recently weighed in on EQIX. BidaskClub upgraded shares of Equinix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Jefferies Group LLC reiterated a “hold” rating and set a $440.00 target price on shares of Equinix in a research note on Thursday, October 12th. Barclays PLC reiterated an “equal weight” rating and set a $475.00 target price (up from $410.00) on shares of Equinix in a research note on Thursday, August 3rd. Cowen and Company reiterated an “outperform” rating and set a $482.00 target price (up from $465.00) on shares of Equinix in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $497.00 price target (up previously from $485.00) on shares of Equinix in a report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $471.94.
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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