Keith D. Taylor Sells 1,000 Shares of Equinix Inc. (EQIX) Stock
Equinix Inc. (NASDAQ:EQIX) CFO Keith D. Taylor sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $341.75, for a total value of $341,750.00. Following the transaction, the chief financial officer now directly owns 40,246 shares in the company, valued at approximately $13,754,070.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Equinix Inc. (NASDAQ:EQIX) opened at 338.76 on Thursday. Equinix Inc. has a one year low of $255.45 and a one year high of $391.07. The stock’s 50 day moving average price is $0.00 and its 200 day moving average price is $0.00.
Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, November 2nd. The company reported $3.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.85 by $0.10. The company had revenue of $924.68 million for the quarter, compared to analyst estimates of $919.73 million. Equinix had a return on equity of 3.68% and a net margin of 2.23%. The firm’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 earnings per share. Equities analysts expect that Equinix Inc. will post $14.95 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Wednesday, November 16th will be given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Monday, November 14th. Equinix’s payout ratio is 648.15%.
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A number of research firms have recently commented on EQIX. Jefferies Group reaffirmed a “hold” rating on shares of Equinix in a research note on Saturday, August 6th. Barclays PLC upped their target price on Equinix from $360.00 to $372.00 and gave the company an “equal weight” rating in a research note on Thursday, August 4th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $428.00 price objective on shares of Equinix in a research note on Tuesday, August 9th. RBC Capital Markets reissued an “outperform” rating and issued a $429.00 price objective (up previously from $382.00) on shares of Equinix in a research note on Wednesday, August 10th. Finally, Cowen and Company reissued an “outperform” rating and issued a $409.00 price objective on shares of Equinix in a research note on Thursday, September 22nd. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $401.97.
Hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System raised its stake in shares of Equinix by 13.3% in the first quarter. Arizona State Retirement System now owns 18,722 shares of the company’s stock worth $6,192,000 after buying an additional 2,200 shares during the last quarter. Euclid Advisors LLC raised its stake in shares of Equinix by 3.7% in the first quarter. Euclid Advisors LLC now owns 10,678 shares of the company’s stock worth $3,531,000 after buying an additional 381 shares during the last quarter. Integrated Investment Consultants LLC raised its stake in shares of 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. Exxonmobil Investment Management Inc. TX raised its stake in shares of Equinix by 7.1% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 17,972 shares of the company’s stock worth $6,968,000 after buying an additional 1,197 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its stake in shares of Equinix by 2.0% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 59,427 shares of the company’s stock worth $23,042,000 after buying an additional 1,172 shares during the last quarter. 96.89% of the stock is currently owned by institutional investors.
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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