Northern Trust Corp increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 834,534 shares of the financial services provider’s stock after purchasing an additional 22,108 shares during the quarter. Northern Trust Corp owned approximately 1.07% of Equinix worth $358,149,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of EQIX. BlackRock Inc. raised its holdings in shares of Equinix by 3,737.0% in the 1st quarter. BlackRock Inc. now owns 6,295,590 shares of the financial services provider’s stock worth $2,520,566,000 after purchasing an additional 6,131,516 shares during the period. Vanguard Group Inc. raised its holdings in shares of Equinix by 9.9% in the 1st quarter. Vanguard Group Inc. now owns 13,186,442 shares of the financial services provider’s stock worth $5,279,456,000 after purchasing an additional 1,192,961 shares during the period. Uniplan Investment Counsel Inc. bought a new stake in shares of Equinix in the 2nd quarter worth approximately $13,563,000. Nuveen Asset Management LLC raised its holdings in shares of Equinix by 64.8% in the 1st quarter. Nuveen Asset Management LLC now owns 672,053 shares of the financial services provider’s stock worth $269,070,000 after purchasing an additional 264,226 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Equinix by 22.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,182,730 shares of the financial services provider’s stock worth $507,583,000 after purchasing an additional 214,396 shares during the period. 94.36% of the stock is currently owned by institutional investors.
In other news, CFO Keith D. Taylor sold 2,500 shares of the firm’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $435.62, for a total transaction of $1,089,050.00. Following the sale, the chief financial officer now directly owns 35,015 shares in the company, valued at approximately $15,253,234.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karl Strohmeyer sold 250 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $464.96, for a total transaction of $116,240.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,711 shares of company stock worth $5,244,405 over the last 90 days. Insiders own 0.58% of the company’s stock.
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Equinix, Inc. (NASDAQ EQIX) traded down 0.33% on Thursday, hitting $447.74. 44,990 shares of the stock were exchanged. Equinix, Inc. has a 12 month low of $314.55 and a 12 month high of $475.28.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $4.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.41 by $1.18. The firm had revenue of $1.07 billion for 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 analysts forecast that Equinix, Inc. will post $3.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, August 21st. This represents a $8.00 annualized dividend and a dividend yield of 1.78%. Equinix’s payout ratio is 293.04%.
A number of equities research analysts have issued reports on EQIX shares. Barclays PLC reissued an “equal weight” rating and set a $475.00 target price (up previously from $410.00) on shares of Equinix in a report on Wednesday, August 9th. Canaccord Genuity reissued a “buy” rating and set a $525.00 target price on shares of Equinix in a report on Monday, June 12th. Nomura started coverage on shares of Equinix in a report on Thursday, May 25th. They set a “buy” rating and a $490.00 target price on the stock. Royal Bank Of Canada boosted their target price on shares of Equinix from $470.00 to $505.00 and gave the company an “outperform” rating in a report on Monday, August 7th. Finally, BidaskClub cut shares of Equinix from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. 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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