Vanguard Group Inc. lowered its position in Equinix, Inc. (NASDAQ:EQIX) by 7.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,213,250 shares of the financial services provider’s stock after selling 973,192 shares during the quarter. Vanguard Group Inc. owned about 15.67% of Equinix worth $5,241,438,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Northern Trust Corp increased its stake in shares of Equinix by 2.7% in the second quarter. Northern Trust Corp now owns 834,534 shares of the financial services provider’s stock valued at $358,149,000 after purchasing an additional 22,108 shares during the period. Menta Capital LLC acquired a new stake in shares of Equinix in the second quarter valued at approximately $1,768,000. UBS Asset Management Americas Inc. increased its stake in shares of Equinix by 14.2% in the second quarter. UBS Asset Management Americas Inc. now owns 236,057 shares of the financial services provider’s stock valued at $101,306,000 after purchasing an additional 29,363 shares during the period. Lazard Asset Management LLC increased its stake in shares of Equinix by 0.6% in the second quarter. Lazard Asset Management LLC now owns 10,268 shares of the financial services provider’s stock valued at $4,406,000 after purchasing an additional 62 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in shares of Equinix by 1.4% in the second quarter. Mutual of America Capital Management LLC now owns 9,521 shares of the financial services provider’s stock valued at $4,086,000 after purchasing an additional 130 shares during the period. Institutional investors own 94.36% of the company’s stock.
In related news, Director Camp Peter Van sold 4,444 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $445.81, for a total transaction of $1,981,179.64. Following the completion of the sale, the director now directly owns 8,572 shares of the company’s stock, valued at $3,821,483.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Earl Campbell sold 1,427 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $459.75, for a total transaction of $656,063.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,711 shares of company stock valued at $5,244,405. 0.58% of the stock is currently owned by insiders.
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Shares of Equinix, Inc. (NASDAQ:EQIX) traded down 0.15% during mid-day trading on Wednesday, reaching $452.36. 250,518 shares of the company were exchanged. Equinix, Inc. has a 12 month low of $314.55 and a 12 month high of $475.28. The stock has a market capitalization of $35.26 billion, a P/E ratio of 166.13 and a beta of 0.56. The firm has a 50-day moving average price of $456.15 and a 200 day moving average price of $427.88.
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. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. Equinix had a net margin of 5.18% and a return on equity of 5.51%. Equities research analysts anticipate that Equinix, Inc. will post $3.85 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Monday, August 21st. Equinix’s dividend payout ratio (DPR) is 293.04%.
Several equities research analysts have commented on EQIX shares. Nomura started coverage on shares of Equinix in a research note on Thursday, May 25th. They issued a “buy” rating and a $490.00 price target on the stock. Instinet restated a “buy” rating and issued a $490.00 price target on shares of Equinix in a research note on Thursday, May 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $470.00 price objective on shares of Equinix in a report on Wednesday, May 31st. Canaccord Genuity reiterated 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 investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Equinix presently has a consensus rating of “Buy” and an average target price of $464.78.
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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