Swiss National Bank Sells 1,300 Shares of Equinix Inc. (EQIX)
Swiss National Bank cut its position in shares of Equinix Inc. (NASDAQ:EQIX) by 0.7% during the third quarter, Holdings Channel reports. The fund owned 192,209 shares of the company’s stock after selling 1,300 shares during the period. Swiss National Bank’s holdings in Equinix were worth $69,243,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Equinix during the second quarter worth approximately $104,000. Integrated Investment Consultants LLC boosted its position in Equinix by 5.6% in the second quarter. Integrated Investment Consultants LLC now owns 284 shares of the company’s stock valued at $110,000 after buying an additional 15 shares in the last quarter. IFP Advisors Inc boosted its position in Equinix by 9.0% in the second quarter. IFP Advisors Inc now owns 338 shares of the company’s stock valued at $131,000 after buying an additional 28 shares in the last quarter. Creative Planning boosted its position in Equinix by 95.0% in the third quarter. Creative Planning now owns 351 shares of the company’s stock valued at $126,000 after buying an additional 171 shares in the last quarter. Finally, AXA purchased a new position in Equinix during the second quarter valued at about $155,000. 96.89% of the stock is owned by institutional investors and hedge funds.
Equinix Inc. (NASDAQ:EQIX) opened at 343.39 on Wednesday. Equinix Inc. has a 1-year low of $255.45 and a 1-year high of $391.07. The firm’s 50-day moving average is $350.07 and its 200-day moving average is $363.71. The stock has a market cap of $24510.84 billion, a P/E ratio of 403.99 and a beta of 0.84.
Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $3.95 EPS for the quarter, topping analysts’ consensus estimates of $3.85 by $0.10. Equinix had a net margin of 2.23% and a return on equity of 3.68%. The company had revenue of $924.68 million for the quarter, compared to the consensus estimate of $919.73 million. During the same period in the previous year, the firm earned $0.71 EPS. Equinix’s revenue was up 34.7% on a year-over-year basis. On average, analysts forecast that Equinix Inc. will post $14.95 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Wednesday, November 16th will be given a dividend of $1.75 per share. The ex-dividend date is Monday, November 14th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 2.04%. Equinix’s dividend payout ratio (DPR) is 648.15%.
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Several research analysts recently issued reports on EQIX shares. Pacific Crest reissued a “buy” rating on shares of Equinix in a report on Wednesday, August 24th. Royal Bank Of Canada increased their price target on shares of Equinix from $382.00 to $429.00 and gave the stock an “outperform” rating in a report on Monday, August 8th. Zacks Investment Research raised shares of Equinix from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a report on Wednesday, September 14th. Oppenheimer Holdings Inc. raised shares of Equinix from a “market perform” rating to an “outperform” rating and set a $420.00 price target for the company in a report on Tuesday, September 6th. Finally, JPMorgan Chase & Co. reissued a “hold” rating and set a $415.00 price target on shares of Equinix in a report on Thursday, November 3rd. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $401.97.
In related news, insider Sara Baack sold 300 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $353.96, for a total value of $106,188.00. Following the sale, the insider now directly owns 6,004 shares in the company, valued at approximately $2,125,175.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Keith D. Taylor sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $341.75, for a total transaction of $341,750.00. Following the completion of the sale, the chief financial officer now owns 40,246 shares in the company, valued at $13,754,070.50. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.
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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