Insider Selling: Equinix, Inc. (EQIX) Director Sells 740 Shares of Stock

Equinix, Inc. (NASDAQ:EQIX) Director Camp Peter Van sold 740 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $400.96, for a total value of $296,710.40. Following the transaction, the director now owns 6,542 shares in the company, valued at $2,623,080.32. The sale was disclosed in a document filed with the SEC, which is available at this link.

Camp Peter Van also recently made the following trade(s):

  • On Wednesday, January 17th, Camp Peter Van sold 1,593 shares of Equinix stock. The shares were sold at an average price of $441.55, for a total value of $703,389.15.

Equinix, Inc. (NASDAQ EQIX) opened at $390.45 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.80 and a quick ratio of 2.11. The company has a market capitalization of $30,113.71, a P/E ratio of 130.59, a price-to-earnings-growth ratio of 1.33 and a beta of 0.42. Equinix, Inc. has a 12 month low of $361.90 and a 12 month high of $495.35.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $3.87 by ($3.05). The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Equinix had a return on equity of 6.54% and a net margin of 5.33%. Equinix’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period last year, the firm earned $4.08 earnings per share. equities analysts predict that Equinix, Inc. will post 18.73 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, February 26th will be paid a dividend of $2.28 per share. The ex-dividend date of this dividend is Friday, February 23rd. This is a boost from Equinix’s previous quarterly dividend of $2.00. This represents a $9.12 annualized dividend and a dividend yield of 2.34%. Equinix’s payout ratio is 267.56%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Forsta AP Fonden increased its stake in shares of Equinix by 33.8% during the third quarter. Forsta AP Fonden now owns 30,100 shares of the financial services provider’s stock valued at $13,434,000 after buying an additional 7,600 shares during the period. Amica Pension Fund Board of Trustees purchased a new position in shares of Equinix during the third quarter valued at approximately $1,235,000. Verition Fund Management LLC increased its stake in shares of Equinix by 17.0% during the second quarter. Verition Fund Management LLC now owns 819 shares of the financial services provider’s stock valued at $351,000 after buying an additional 119 shares during the period. Stifel Financial Corp increased its stake in shares of Equinix by 21.4% during the third quarter. Stifel Financial Corp now owns 3,552 shares of the financial services provider’s stock valued at $1,585,000 after buying an additional 627 shares during the period. Finally, Middleton & Co Inc MA increased its stake in shares of Equinix by 525.5% during the fourth quarter. Middleton & Co Inc MA now owns 15,044 shares of the financial services provider’s stock valued at $6,818,000 after buying an additional 12,639 shares during the period. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

EQIX has been the subject of several recent research reports. Barclays reissued a “buy” rating and issued a $500.00 price objective on shares of Equinix in a report on Friday, February 16th. Guggenheim set a $515.00 price target on Equinix and gave the company a “buy” rating in a research report on Thursday, February 15th. Zacks Investment Research upgraded Equinix from a “hold” rating to a “buy” rating and set a $456.00 price target for the company in a research report on Monday. Wells Fargo & Co dropped their target price on Equinix from $510.00 to $485.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Finally, Credit Suisse Group dropped their target price on Equinix from $524.00 to $519.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $499.00.

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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.

Insider Buying and Selling by Quarter for Equinix (NASDAQ:EQIX)

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