American Century Companies Inc. Boosts Stake in Equinix Inc (NASDAQ:EQIX)

American Century Companies Inc. grew its holdings in Equinix Inc (NASDAQ:EQIX) by 11.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,046,494 shares of the financial services provider’s stock after acquiring an additional 109,404 shares during the quarter. American Century Companies Inc.’s holdings in Equinix were worth $474,229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. lifted its position in Equinix by 27.9% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 110 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 24 shares during the period. Primecap Management Co. CA raised its stake in Equinix by 21.1% during the first quarter. Primecap Management Co. CA now owns 20,700 shares of the financial services provider’s stock worth $9,380,000 after acquiring an additional 3,600 shares in the last quarter. Riverhead Capital Management LLC raised its stake in Equinix by 25.9% during the first quarter. Riverhead Capital Management LLC now owns 4,121 shares of the financial services provider’s stock worth $1,867,000 after acquiring an additional 848 shares in the last quarter. Andra AP fonden acquired a new position in Equinix during the first quarter worth $3,172,000. Finally, Gagnon Securities LLC raised its stake in Equinix by 62.1% during the first quarter. Gagnon Securities LLC now owns 28,231 shares of the financial services provider’s stock worth $12,793,000 after acquiring an additional 10,811 shares in the last quarter. 99.65% of the stock is owned by institutional investors.

In other news, CEO Charles J. Meyers sold 282 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $462.31, for a total value of $130,371.42. Following the completion of the sale, the chief executive officer now directly owns 5,882 shares in the company, valued at $2,719,307.42. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Earl Campbell sold 250 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $445.02, for a total value of $111,255.00. Following the completion of the sale, the insider now owns 3,828 shares of the company’s stock, valued at $1,703,536.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,232 shares of company stock valued at $1,555,845. 0.49% of the stock is currently owned by corporate insiders.

Several research analysts have issued reports on EQIX shares. BidaskClub lowered Equinix from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 16th. Credit Suisse Group increased their price objective on Equinix from $467.00 to $474.00 and gave the stock an “outperform” rating in a research note on Thursday, February 14th. Citigroup increased their price objective on Equinix from $482.00 to $508.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. ValuEngine upgraded Equinix from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Finally, Oppenheimer increased their price objective on Equinix from $475.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $502.00.

Shares of NASDAQ:EQIX opened at $507.30 on Friday. Equinix Inc has a twelve month low of $335.29 and a twelve month high of $508.99. The firm has a market capitalization of $40.78 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.74 and a beta of 0.76. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.56 and a quick ratio of 1.56.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $1.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.16 by ($3.72). Equinix had a net margin of 8.06% and a return on equity of 5.66%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business posted $5.21 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts anticipate that Equinix Inc will post 20.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd will be paid a $2.46 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $9.84 dividend on an annualized basis and a dividend yield of 1.94%. Equinix’s dividend payout ratio (DPR) is presently 47.56%.

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Equinix Profile

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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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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