Alps Advisors Inc. raised its position in Equinix, Inc. (NASDAQ:EQIX) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 6,625 shares of the financial services provider’s stock after buying an additional 20 shares during the period. Alps Advisors Inc.’s holdings in Equinix were worth $2,843,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the company. Green Street Investors LLC acquired a new stake in shares of Equinix during the second quarter worth approximately $6,223,000. SG Americas Securities LLC raised its stake in shares of Equinix by 150.8% in the second quarter. SG Americas Securities LLC now owns 25,410 shares of the financial services provider’s stock worth $10,905,000 after buying an additional 15,279 shares during the last quarter. Riverpark Capital Management LLC raised its stake in shares of Equinix by 7.5% in the second quarter. Riverpark Capital Management LLC now owns 72,186 shares of the financial services provider’s stock worth $30,979,000 after buying an additional 5,038 shares during the last quarter. State of Wisconsin Investment Board raised its stake in shares of Equinix by 24.9% in the second quarter. State of Wisconsin Investment Board now owns 92,548 shares of the financial services provider’s stock worth $39,718,000 after buying an additional 18,472 shares during the last quarter. Finally, WASHINGTON TRUST Co raised its stake in shares of Equinix by 1.7% in the second quarter. WASHINGTON TRUST Co now owns 20,889 shares of the financial services provider’s stock worth $8,966,000 after buying an additional 359 shares during the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.
Equinix, Inc. (NASDAQ EQIX) opened at 451.55 on Friday. Equinix, Inc. has a 12 month low of $314.55 and a 12 month high of $459.00.
Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $1.03 billion. On average, analysts expect that Equinix, Inc. will post $3.90 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd will be paid a dividend of $2.00 per share. The ex-dividend date is Monday, August 21st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.77%. Equinix’s dividend payout ratio (DPR) is currently 293.04%.
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EQIX has been the subject of several research reports. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $472.00 price target (up from $440.00) on shares of Equinix in a report on Thursday, May 4th. Citigroup Inc. lifted their price target on Equinix from $435.00 to $462.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Cowen and Company lifted their price target on Equinix from $453.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Morgan Stanley reiterated an “equal weight” rating and set a $409.00 price target (up from $374.00) on shares of Equinix in a report on Wednesday, May 17th. Finally, Jefferies Group LLC lifted their price target on Equinix from $378.00 to $410.00 and gave the company a “hold” rating in a report on Friday, April 28th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $464.78.
In other news, CEO Stephen M. Smith sold 5,348 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $432.60, for a total transaction of $2,313,544.80. Following the transaction, the chief executive officer now owns 18,967 shares in the company, valued at $8,205,124.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Yau Tat Lee sold 5,875 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $438.70, for a total value of $2,577,362.50. Following the transaction, the insider now owns 5,485 shares in the company, valued at approximately $2,406,269.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,143 shares of company stock worth $9,703,456. 0.58% of the stock is owned by corporate insiders.
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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