Insider Selling: Equinix (EQIX) Insider Sells 2,717 Shares of Stock

Equinix (NASDAQ:EQIX) insider Karl Strohmeyer sold 2,717 shares of the stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $420.00, for a total value of $1,141,140.00. Following the transaction, the insider now owns 5,316 shares of the company’s stock, valued at $2,232,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Karl Strohmeyer also recently made the following trade(s):

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  • On Thursday, March 1st, Karl Strohmeyer sold 1,114 shares of Equinix stock. The stock was sold at an average price of $390.92, for a total value of $435,484.88.

EQIX stock opened at $407.04 on Monday. The company has a market capitalization of $32,248.96, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.23 and a beta of 0.51. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.81 and a quick ratio of 1.81. Equinix has a 12-month low of $370.79 and a 12-month high of $495.35.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, February 14th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $1.19 billion. During the same period in the prior year, the company earned $4.08 earnings per share. The business’s revenue was up 27.3% on a year-over-year basis. analysts anticipate that Equinix will post 18.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Monday, February 26th were issued a dividend of $2.28 per share. This represents a $9.12 annualized dividend and a yield of 2.24%. This is a positive change from Equinix’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend was Friday, February 23rd. Equinix’s dividend payout ratio is 49.22%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership bought a new position in shares of Equinix in the fourth quarter worth $72,744,000. Standard Life Aberdeen plc boosted its holdings in shares of Equinix by 59.1% in the fourth quarter. Standard Life Aberdeen plc now owns 423,174 shares of the financial services provider’s stock worth $191,871,000 after acquiring an additional 157,236 shares during the period. Alyeska Investment Group L.P. boosted its holdings in shares of Equinix by 52.5% in the third quarter. Alyeska Investment Group L.P. now owns 432,015 shares of the financial services provider’s stock worth $192,808,000 after acquiring an additional 148,638 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Equinix by 365.1% in the fourth quarter. Allianz Asset Management GmbH now owns 136,412 shares of the financial services provider’s stock worth $61,825,000 after acquiring an additional 107,082 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of Equinix by 21.9% in the fourth quarter. Deutsche Bank AG now owns 587,580 shares of the financial services provider’s stock worth $266,297,000 after acquiring an additional 105,654 shares during the period. 96.06% of the stock is owned by institutional investors and hedge funds.

EQIX has been the subject of several analyst reports. Credit Suisse Group reaffirmed a “buy” rating and issued a $519.00 price objective on shares of Equinix in a report on Sunday, February 25th. Oppenheimer boosted their price target on Equinix to $525.00 and gave the stock an “outperform” rating in a report on Friday, December 22nd. UBS raised Equinix from a “neutral” rating to a “buy” rating and set a $510.00 price target for the company in a report on Monday, January 29th. Barclays restated a “buy” rating and set a $517.00 price objective on shares of Equinix in a research report on Friday, January 19th. Finally, Zacks Investment Research upgraded Equinix from a “hold” rating to a “buy” rating and set a $456.00 price target on the stock in a research report on Monday, February 19th. Four research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $499.00.

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About Equinix

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 48 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

Insider Buying and Selling by Quarter for Equinix (NASDAQ:EQIX)

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