Great West Life Assurance Co. Can grew its holdings in shares of Equinix Inc (NASDAQ:EQIX) by 22.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 131,091 shares of the financial services provider’s stock after acquiring an additional 24,010 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Equinix were worth $45,364,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Farmers & Merchants Investments Inc. boosted its position in Equinix by 174.2% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 54 shares during the period. Rehmann Capital Advisory Group boosted its position in Equinix by 158.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 88 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 54 shares during the period. Pearl River Capital LLC acquired a new position in Equinix during the 4th quarter worth $35,000. Proficio Capital Partners LLC boosted its position in Equinix by 116.7% during the 4th quarter. Proficio Capital Partners LLC now owns 117 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 63 shares during the period. Finally, Lindbrook Capital LLC acquired a new position in Equinix during the 4th quarter worth $47,000. Institutional investors own 97.57% of the company’s stock.
Shares of Equinix stock opened at $423.21 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.00 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $34.35 billion, a PE ratio of 20.45, a PEG ratio of 1.43 and a beta of 0.87. Equinix Inc has a fifty-two week low of $335.29 and a fifty-two week high of $457.99.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $1.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.46 by ($3.10). The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. Equinix had a net margin of 7.20% and a return on equity of 6.88%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 EPS. Equities analysts anticipate that Equinix Inc will post 20.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 27th will be issued a $2.46 dividend. This is a positive change from Equinix’s previous quarterly dividend of $2.28. The ex-dividend date is Tuesday, February 26th. This represents a $9.84 annualized dividend and a dividend yield of 2.33%. Equinix’s dividend payout ratio is 44.08%.
A number of brokerages have issued reports on EQIX. BidaskClub lowered Equinix from a “buy” rating to a “hold” rating in a research report on Thursday, December 27th. Citigroup boosted their price target on Equinix from $481.00 to $482.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Jefferies Financial Group upgraded Equinix from a “hold” rating to a “buy” rating and boosted their price target for the stock from $454.00 to $479.00 in a research report on Monday, December 10th. Zacks Investment Research upgraded Equinix from a “hold” rating to a “strong-buy” rating and set a $484.00 price target for the company in a research report on Monday, February 18th. Finally, ValuEngine lowered Equinix from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $496.08.
In other news, insider Simon Miller sold 378 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $426.92, for a total value of $161,375.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles J. Meyers sold 954 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $429.33, for a total value of $409,580.82. Following the completion of the sale, the chief executive officer now owns 7,618 shares of the company’s stock, valued at approximately $3,270,635.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,513 shares of company stock valued at $11,262,623. Insiders own 0.51% of the company’s stock.
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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 52 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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