Equinix Inc. (NASDAQ:EQIX) Director Christopher B. Paisley sold 500 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $334.35, for a total value of $167,175.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Equinix Inc. (NASDAQ:EQIX) remained flat at $338.21 during mid-day trading on Thursday. 494,312 shares of the company traded hands. The firm has a 50-day moving average of $0.00 and a 200-day moving average of $0.00. Equinix Inc. has a 52-week low of $255.45 and a 52-week high of $391.07.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $3.95 earnings per share for the quarter, topping the consensus estimate of $3.85 by $0.10. The firm earned $924.68 million during the quarter, compared to the consensus estimate of $919.73 million. Equinix had a net margin of 2.23% and a return on equity of 3.68%. The company’s revenue for the quarter was up 34.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. Equities analysts forecast that Equinix Inc. will post $14.95 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Wednesday, November 16th will be issued a $1.75 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $7.00 dividend on an annualized basis and a yield of 2.07%. Equinix’s payout ratio is 648.15%.

EQIX has been the topic of a number of recent analyst reports. Pacific Crest reissued a “buy” rating on shares of Equinix in a report on Wednesday, August 24th. Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $408.00 target price on the stock in a report on Tuesday, August 9th. Canaccord Genuity lifted their target price on Equinix from $390.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Barclays PLC lifted their target price on Equinix from $360.00 to $372.00 and gave the stock an “equal weight” rating in a report on Thursday, August 4th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Equinix in a report on Monday, August 29th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Equinix has an average rating of “Buy” and an average target price of $401.97.

A number of hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new stake in Equinix during the second quarter worth approximately $104,000. Integrated Investment Consultants LLC increased its stake in Equinix by 5.6% in the second quarter. Integrated Investment Consultants LLC now owns 284 shares of the company’s stock worth $110,000 after buying an additional 15 shares during the last quarter. Creative Planning increased its stake in Equinix by 95.0% in the third quarter. Creative Planning now owns 351 shares of the company’s stock worth $126,000 after buying an additional 171 shares during the last quarter. IFP Advisors Inc increased its stake in Equinix by 9.0% in the second quarter. IFP Advisors Inc now owns 338 shares of the company’s stock worth $131,000 after buying an additional 28 shares during the last quarter. Finally, AXA acquired a new stake in Equinix during the second quarter worth approximately $155,000. Institutional investors own 98.11% of the company’s stock.

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Equinix Company Profile

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.

5 Day Chart for NASDAQ:EQIX

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