Equinix Inc. (EQIX) Stake Maintained by Utah Retirement Systems
Utah Retirement Systems maintained its position in Equinix Inc. (NASDAQ:EQIX) during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 13,912 shares of the company’s stock at the end of the third quarter. Utah Retirement Systems’ holdings in Equinix were worth $5,012,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position 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 in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Equinix by 9.8% in the third quarter. Daiwa Securities Group Inc. now owns 2,143,421 shares of the company’s stock worth $772,168,000 after buying an additional 190,418 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Equinix by 1.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,062,846 shares of the company’s stock worth $799,827,000 after buying an additional 37,929 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Equinix by 3.4% in the second quarter. BlackRock Fund Advisors now owns 2,054,992 shares of the company’s stock worth $796,782,000 after buying an additional 67,814 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Equinix by 4.2% in the second quarter. Principal Financial Group Inc. now owns 1,621,381 shares of the company’s stock worth $628,659,000 after buying an additional 65,182 shares in the last quarter. Hedge funds and other institutional investors own 96.89% of the company’s stock.
Shares of Equinix Inc. (NASDAQ:EQIX) traded down 1.35% during mid-day trading on Wednesday, hitting $338.76. The stock had a trading volume of 922,812 shares. Equinix Inc. has a 52-week low of $255.45 and a 52-week high of $391.07. The company’s 50 day moving average is $0.00 and its 200-day moving average is $0.00.
Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, November 2nd. The company reported $3.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.85 by $0.10. Equinix had a net margin of 2.23% and a return on equity of 3.68%. The firm earned $924.68 million during the quarter, compared to analysts’ expectations of $919.73 million. During the same quarter last year, the company posted $0.71 earnings per share. The firm’s revenue was up 34.7% compared to the same quarter last year. Equities analysts forecast that Equinix Inc. will post $14.95 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Wednesday, November 16th will be issued a dividend of $1.75 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $7.00 annualized dividend and a dividend yield of 2.07%. Equinix’s dividend payout ratio (DPR) is presently 648.15%.
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A number of research analysts recently issued reports on EQIX shares. Zacks Investment Research downgraded Equinix from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Cowen and Company restated an “outperform” rating and set a $409.00 price target on shares of Equinix in a report on Thursday, September 22nd. Jefferies Group restated a “hold” rating on shares of Equinix in a report on Monday, August 29th. JPMorgan Chase & Co. restated a “hold” rating and set a $415.00 price target on shares of Equinix in a report on Thursday, November 3rd. Finally, Oppenheimer Holdings Inc. upgraded Equinix from a “market perform” rating to an “outperform” rating and set a $420.00 price target on the stock in a report on Tuesday, September 6th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $401.97.
In related news, COO Charles J. Meyers sold 2,343 shares of the firm’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $369.64, for a total transaction of $866,066.52. Following the completion of the transaction, the chief operating officer now owns 3,988 shares of the company’s stock, valued at $1,474,124.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher B. Paisley sold 500 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $334.35, for a total transaction of $167,175.00. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.
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.
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