Sarasin & Partners LLP Purchases 21,283 Shares of Equinix Inc. (EQIX)
Sarasin & Partners LLP boosted its position in Equinix Inc. (NASDAQ:EQIX) by 3.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 605,776 shares of the company’s stock after buying an additional 21,283 shares during the period. Equinix comprises 3.4% of Sarasin & Partners LLP’s investment portfolio, making the stock its 6th largest position. Sarasin & Partners LLP owned about 0.85% of Equinix worth $218,231,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised 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 valued at $4,434,802,000 after buying an additional 820,887 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Equinix during the second quarter valued at $91,877,000. Security Capital Research & Management Inc. bought a new position in shares of Equinix during the second quarter valued at $79,446,000. Duff & Phelps Investment Management Co. bought a new position in shares of Equinix during the second quarter valued at $79,003,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Equinix by 64.9% in the second quarter. Dimensional Fund Advisors LP now owns 499,422 shares of the company’s stock valued at $193,640,000 after buying an additional 196,598 shares during the last quarter. Institutional investors and hedge funds own 96.89% of the company’s stock.
Shares of Equinix Inc. (NASDAQ:EQIX) opened at 343.39 on Wednesday. The stock 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 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 business had revenue of $924.68 million for 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 firm’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. On average, equities research analysts anticipate that Equinix Inc. will post $14.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Wednesday, November 16th will be given a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Monday, November 14th. Equinix’s dividend payout ratio (DPR) is currently 648.15%.
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Several research analysts have weighed in on EQIX shares. Barclays PLC upped their target price on shares of Equinix from $360.00 to $372.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 4th. Citigroup Inc. upped their price target on shares of Equinix from $391.00 to $400.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Jefferies Group reaffirmed a “hold” rating on shares of Equinix in a report on Saturday, August 6th. Royal Bank Of Canada upped their price target on shares of Equinix from $382.00 to $429.00 and gave the company an “outperform” rating in a report on Monday, August 8th. Finally, Zacks Investment Research raised shares of Equinix from a “hold” rating to a “buy” rating and set a $408.00 price target on the stock in a report on Tuesday, August 9th. Eight 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 an average target price of $401.97.
In other news, insider Karl Strohmeyer sold 2,143 shares of Equinix stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $369.76, for a total value of $792,395.68. Following the transaction, the insider now directly owns 2,550 shares of the company’s stock, valued at $942,888. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Charles J. Meyers sold 200 shares of Equinix stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $360.63, for a total transaction of $72,126.00. Following the completion of the transaction, the chief operating officer now directly owns 1,445 shares in the company, valued at $521,110.35. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by insiders.
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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