Equinix, Inc. (NASDAQ:EQIX) insider Michael Earl Campbell sold 200 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $479.37, for a total value of $95,874.00. Following the completion of the transaction, the insider now directly owns 1,125 shares in the company, valued at $539,291.25. The sale was disclosed in a filing with the SEC, which is available through this link.
Michael Earl Campbell also recently made the following trade(s):
- On Monday, October 16th, Michael Earl Campbell sold 200 shares of Equinix stock. The shares were sold at an average price of $463.61, for a total value of $92,722.00.
- On Tuesday, September 5th, Michael Earl Campbell sold 1,427 shares of Equinix stock. The shares were sold at an average price of $459.75, for a total value of $656,063.25.
Shares of Equinix, Inc. (EQIX) traded down $2.29 during mid-day trading on Friday, hitting $472.80. The company had a trading volume of 297,697 shares, compared to its average volume of 378,743. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.51. Equinix, Inc. has a twelve month low of $327.37 and a twelve month high of $495.35. The company has a market cap of $37,170.00, a P/E ratio of 27.06, a P/E/G ratio of 1.93 and a beta of 0.46.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share for the quarter, topping the consensus estimate of $1.39 by $2.24. Equinix had a return on equity of 5.59% and a net margin of 5.58%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the company earned $3.95 EPS. Equinix’s revenue for the quarter was up 24.6% on a year-over-year basis. analysts anticipate that Equinix, Inc. will post 16.05 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 15th will be given a $2.00 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $8.00 annualized dividend and a yield of 1.69%. Equinix’s dividend payout ratio is presently 259.74%.
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A number of research analysts have commented on EQIX shares. Oppenheimer Holdings, Inc. upped their price objective on Equinix from $472.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Barclays PLC raised Equinix from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $475.00 to $505.00 in a report on Wednesday, October 18th. Cowen and Company reaffirmed a “buy” rating and issued a $482.00 price objective on shares of Equinix in a report on Friday, November 10th. Morgan Stanley upped their target price on Equinix from $424.00 to $435.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Finally, Nomura upped their target price on Equinix from $490.00 to $510.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $495.20.
Institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC raised its position in Equinix by 2.9% in the second quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 7 shares during the last quarter. Zions Bancorporation raised its position in Equinix by 2,550.0% in the third quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 255 shares during the last quarter. San Francisco Sentry Investment Group CA bought a new position in Equinix in the second quarter valued at about $127,000. Smithfield Trust Co. raised its position in Equinix by 19.1% in the second quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 54 shares during the last quarter. Finally, Amica Retiree Medical Trust bought a new position in Equinix in the third quarter valued at about $188,000. Hedge funds and other institutional investors own 95.09% 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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