Shares of Equinix, Inc. (NASDAQ:EQIX) have been given an average rating of “Buy” by the twenty brokerages that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $471.94.
A number of equities research analysts have recently issued reports on the company. Jefferies Group LLC restated a “hold” rating and issued a $440.00 price target on shares of Equinix in a research report on Thursday, October 12th. UBS AG assumed coverage on Equinix in a research report on Wednesday. They issued a “neutral” rating for the company. Barclays PLC upgraded Equinix from an “equal weight” rating to an “overweight” rating and set a $475.00 price target for the company in a research report on Wednesday. BidaskClub lowered Equinix from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Royal Bank Of Canada upped their price target on Equinix from $470.00 to $505.00 and gave the company an “outperform” rating in a research report on Monday, August 7th.
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In other Equinix news, insider Michael Earl Campbell sold 200 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $463.61, for a total transaction of $92,722.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Karl Strohmeyer sold 250 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $464.96, for a total value of $116,240.00. The disclosure for this sale can be found here. Insiders have sold 9,911 shares of company stock worth $4,469,647 over the last 90 days. 0.58% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Perigon Wealth Management LLC raised its stake in shares of Equinix by 17.1% in the second quarter. Perigon Wealth Management LLC now owns 1,832 shares of the financial services provider’s stock valued at $786,000 after acquiring an additional 267 shares in the last quarter. Sentry Investment Management LLC raised its stake in shares of Equinix by 13.9% in the second quarter. Sentry Investment Management LLC now owns 6,134 shares of the financial services provider’s stock valued at $2,632,000 after acquiring an additional 747 shares in the last quarter. Ashford Capital Management Inc. raised its stake in shares of Equinix by 0.7% in the second quarter. Ashford Capital Management Inc. now owns 5,295 shares of the financial services provider’s stock valued at $2,272,000 after acquiring an additional 37 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Equinix by 25.9% in the second quarter. Toronto Dominion Bank now owns 26,388 shares of the financial services provider’s stock valued at $11,322,000 after acquiring an additional 5,431 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Equinix in the second quarter valued at $275,000. Institutional investors and hedge funds own 96.44% of the company’s stock.
Equinix (NASDAQ EQIX) traded up 1.29% during trading on Wednesday, reaching $467.52. The company’s stock had a trading volume of 158,306 shares. Equinix has a one year low of $314.55 and a one year high of $475.28.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $1.18. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. Equities analysts forecast that Equinix will post $3.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Monday, August 21st. Equinix’s dividend payout ratio (DPR) is 293.04%.
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.
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