Charles J. Meyers Sells 200 Shares of Equinix Inc. (EQIX) Stock
Equinix Inc. (NASDAQ:EQIX) COO Charles J. Meyers sold 200 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $360.63, for a total value of $72,126.00. Following the completion of the transaction, the chief operating officer now directly owns 1,445 shares of the company’s stock, valued at approximately $521,110.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Equinix Inc. (NASDAQ:EQIX) opened at 353.12 on Wednesday. The company has a 50 day moving average price of $364.05 and a 200-day moving average price of $357.69. The company has a market capitalization of $25.10 billion, a PE ratio of 348.59 and a beta of 0.79. Equinix Inc. has a one year low of $255.45 and a one year high of $391.07.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $3.64 by $3.08. The firm had revenue of $900.50 million for the quarter, compared to analysts’ expectations of $893.99 million. Equinix had a net margin of 2.07% and a return on equity of 6.02%. The firm’s revenue was up 35.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 EPS. Analysts expect that Equinix Inc. will post $14.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 24th were given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Monday, August 22nd. Equinix’s payout ratio is 654.21%.
EQIX has been the subject of several recent research reports. Pacific Crest reaffirmed a “buy” rating on shares of Equinix in a research note on Wednesday, August 24th. Royal Bank Of Canada upped their price objective on Equinix from $382.00 to $429.00 and gave the company an “outperform” rating in a research note on Monday, August 8th. Jefferies Group downgraded Equinix from a “buy” rating to a “hold” rating and upped their price objective for the company from $380.00 to $400.00 in a research note on Friday, July 15th. They noted that the move was a valuation call. Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a research note on Wednesday, September 14th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Equinix in a research report on Thursday, June 16th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Equinix has an average rating of “Buy” and an average price target of $398.79.
A number of hedge funds have recently modified their holdings of EQIX. Vanguard Group Inc. boosted its stake in shares of Equinix by 7.7% in the second quarter. Vanguard Group Inc. now owns 11,437,858 shares of the company’s stock worth $4,434,802,000 after buying an additional 820,887 shares during the last quarter. State Street Corp boosted its stake in shares of Equinix by 10.2% in the first quarter. State Street Corp now owns 2,746,386 shares of the company’s stock worth $908,250,000 after buying an additional 254,160 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Equinix during the second quarter worth approximately $91,877,000. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Equinix by 12.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,024,917 shares of the company’s stock worth $669,660,000 after buying an additional 230,715 shares during the last quarter. Finally, Security Capital Research & Management Inc. bought a new stake in shares of Equinix during the second quarter worth approximately $79,446,000. Institutional investors and hedge funds own 99.86% of the company’s stock.
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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