Equinix, Inc. (NASDAQ:EQIX) insider Michael Earl Campbell sold 464 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $402.05, for a total transaction of $186,551.20. The sale was disclosed in a document filed with the SEC, which is available at this link.
Michael Earl Campbell also recently made the following trade(s):
- On Wednesday, January 17th, Michael Earl Campbell sold 590 shares of Equinix stock. The stock was sold at an average price of $443.92, for a total transaction of $261,912.80.
- On Friday, December 15th, Michael Earl Campbell sold 200 shares of Equinix stock. The stock was sold at an average price of $462.43, for a total transaction of $92,486.00.
Shares of Equinix, Inc. (NASDAQ EQIX) opened at $396.44 on Wednesday. Equinix, Inc. has a 1 year low of $361.90 and a 1 year high of $495.35. The firm has a market cap of $31,551.65, a price-to-earnings ratio of 21.78, a P/E/G ratio of 1.39 and a beta of 0.42. The company has a quick ratio of 2.11, a current ratio of 1.80 and a debt-to-equity ratio of 1.45.
Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, February 14th. The financial services provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $3.87 by ($3.05). Equinix had a net margin of 5.33% and a return on equity of 6.54%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the company posted $4.08 earnings per share. Equinix’s quarterly revenue was up 27.3% on a year-over-year basis. equities analysts predict that Equinix, Inc. will post 18.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, February 26th will be issued a $2.28 dividend. This represents a $9.12 dividend on an annualized basis and a dividend yield of 2.30%. This is a boost from Equinix’s previous quarterly dividend of $2.00. The ex-dividend date is Friday, February 23rd. Equinix’s dividend payout ratio is presently 267.56%.
Large investors have recently made changes to their positions in the company. Forsta AP Fonden raised its holdings in shares of Equinix by 33.8% in the third quarter. Forsta AP Fonden now owns 30,100 shares of the financial services provider’s stock valued at $13,434,000 after buying an additional 7,600 shares during the last quarter. Amica Pension Fund Board of Trustees purchased a new stake in shares of Equinix in the third quarter valued at about $1,235,000. Verition Fund Management LLC raised its holdings in shares of Equinix by 17.0% in the second quarter. Verition Fund Management LLC now owns 819 shares of the financial services provider’s stock valued at $351,000 after buying an additional 119 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Equinix by 21.4% in the third quarter. Stifel Financial Corp now owns 3,552 shares of the financial services provider’s stock valued at $1,585,000 after buying an additional 627 shares during the last quarter. Finally, Middleton & Co Inc MA raised its holdings in shares of Equinix by 525.5% in the fourth quarter. Middleton & Co Inc MA now owns 15,044 shares of the financial services provider’s stock valued at $6,818,000 after buying an additional 12,639 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on EQIX. Credit Suisse Group reiterated an “outperform” rating and set a $515.00 target price (up previously from $510.00) on shares of Equinix in a research note on Thursday, November 2nd. Oppenheimer boosted their target price on shares of Equinix to $525.00 and gave the stock an “outperform” rating in a research note on Friday, December 22nd. Barclays reiterated a “buy” rating and set a $517.00 target price on shares of Equinix in a research note on Friday, January 19th. Berenberg Bank reiterated a “buy” rating and set a $550.00 target price on shares of Equinix in a research note on Friday, November 3rd. Finally, JPMorgan Chase & Co. upgraded shares of Equinix from a “neutral” rating to an “overweight” rating and set a $550.00 target price for the company in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-one have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $499.00.
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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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