Century Capital Management LLC Continues to Hold Stake in Equinix, Inc. (EQIX)
Century Capital Management LLC continued to hold its position in shares of Equinix, Inc. (NASDAQ:EQIX) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,142 shares of the financial services provider’s stock at the end of the second quarter. Century Capital Management LLC’s holdings in Equinix were worth $5,211,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its position in Equinix by 1,033.3% during the first quarter. Proficio Capital Partners LLC now owns 238 shares of the financial services provider’s stock worth $105,000 after buying an additional 217 shares during the period. Point72 Asia Hong Kong Ltd increased its holdings in shares of Equinix by 47.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 252 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 81 shares during the period. Advisory Services Network LLC acquired a new position in shares of Equinix in the first quarter valued at approximately $112,000. Guardian Life Insurance Co. of America increased its holdings in shares of Equinix by 9.9% in the first quarter. Guardian Life Insurance Co. of America now owns 300 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 27 shares during the period. Finally, Smithfield Trust Co. increased its holdings in shares of Equinix by 19.1% in the second quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 54 shares during the period. 94.41% of the stock is currently owned by institutional investors.
A number of research analysts have recently issued reports on the company. BidaskClub raised Equinix from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Barclays PLC reiterated an “equal weight” rating and set a $475.00 target price (up from $410.00) on shares of Equinix in a research report on Thursday, August 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $497.00 target price (up from $485.00) on shares of Equinix in a research report on Thursday, August 3rd. Cowen and Company reiterated an “outperform” rating and set a $482.00 target price (up from $465.00) on shares of Equinix in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada boosted their target price on Equinix from $470.00 to $505.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $464.78.
In related news, CEO Stephen M. Smith sold 5,348 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $432.60, for a total transaction of $2,313,544.80. Following the transaction, the chief executive officer now directly owns 18,967 shares in the company, valued at $8,205,124.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Keith D. Taylor sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $435.62, for a total value of $1,089,050.00. Following the transaction, the chief financial officer now owns 35,015 shares in the company, valued at $15,253,234.30. The disclosure for this sale can be found here. Insiders have sold 17,059 shares of company stock worth $7,557,950 over the last 90 days. Corporate insiders own 0.58% of the company’s stock.
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Shares of Equinix, Inc. (EQIX) traded down 0.61% on Friday, reaching $462.00. The company had a trading volume of 655,273 shares. The company has a 50-day moving average price of $452.91 and a 200-day moving average price of $422.91. The firm has a market capitalization of $36.01 billion, a PE ratio of 169.67 and a beta of 0.56. Equinix, Inc. has a 52-week low of $314.55 and a 52-week high of $470.44.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $1.18. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. Equities research analysts forecast that Equinix, Inc. will post $3.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be paid a dividend of $2.00 per share. The ex-dividend date is Monday, August 21st. This represents a $8.00 annualized dividend and a yield of 1.73%. Equinix’s dividend payout ratio is 293.04%.
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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