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):
- 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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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.
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