Harbor Advisors LLC maintained its stake in shares of Equinix, Inc. (NASDAQ:EQIX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,711 shares of the financial services provider’s stock at the end of the second quarter. Equinix makes up 44.4% of Harbor Advisors LLC’s holdings, making the stock its largest position. Harbor Advisors LLC’s holdings in Equinix were worth $112,316,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EQIX. Fred Alger Management Inc. lifted its stake in shares of Equinix by 32.5% in the 2nd quarter. Fred Alger Management Inc. now owns 346,213 shares of the financial services provider’s stock valued at $148,581,000 after purchasing an additional 84,988 shares during the period. Capital World Investors boosted its position in shares of Equinix by 247.0% during the second quarter. Capital World Investors now owns 1,069,359 shares of the financial services provider’s stock valued at $458,926,000 after purchasing an additional 761,220 shares in the last quarter. Sun Life Financial INC boosted its position in shares of Equinix by 3,462.5% during the second quarter. Sun Life Financial INC now owns 570 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 554 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Equinix by 21.1% during the second quarter. HighTower Advisors LLC now owns 1,171 shares of the financial services provider’s stock valued at $503,000 after purchasing an additional 204 shares in the last quarter. Finally, People s United Financial Inc. boosted its position in shares of Equinix by 18.0% during the second quarter. People s United Financial Inc. now owns 5,746 shares of the financial services provider’s stock valued at $2,466,000 after purchasing an additional 876 shares in the last quarter. Institutional investors own 94.41% of the company’s stock.

In related news, CFO Keith D. Taylor sold 1,000 shares of Equinix stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $436.12, for a total transaction of $436,120.00. Following the completion of the transaction, the chief financial officer now directly owns 32,996 shares in the company, valued at $14,390,215.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Keith D. Taylor sold 1,500 shares of Equinix stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $438.46, for a total value of $657,690.00. Following the transaction, the chief financial officer now owns 31,393 shares of the company’s stock, valued at $13,764,574.78. The disclosure for this sale can be found here. Insiders sold 10,711 shares of company stock worth $4,813,045 in the last 90 days. Company insiders own 0.58% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Harbor Advisors LLC Has $112,316,000 Stake in Equinix, Inc. (EQIX)” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/10/03/harbor-advisors-llc-has-112316000-stake-in-equinix-inc-eqix.html.

Shares of Equinix, Inc. (NASDAQ EQIX) traded down 0.57% during midday trading on Tuesday, reaching $441.94. 77,140 shares of the company traded hands. Equinix, Inc. has a 1-year low of $314.55 and a 1-year high of $475.28.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share for the quarter, topping the consensus estimate of $3.41 by $1.18. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. On average, equities analysts forecast that Equinix, Inc. will post $3.83 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd were issued a $2.00 dividend. The ex-dividend date was Monday, August 21st. This represents a $8.00 annualized dividend and a dividend yield of 1.80%. Equinix’s dividend payout ratio (DPR) is presently 293.04%.

Several equities research analysts recently weighed in on EQIX shares. Cowen and Company reaffirmed a “buy” rating on shares of Equinix in a research note on Friday, July 21st. Credit Suisse Group began coverage on Equinix in a research report on Friday, June 30th. They set an “outperform” rating and a $510.00 price objective for the company. BidaskClub cut shares of Equinix from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Jefferies Group LLC restated a “hold” rating and set a $410.00 target price on shares of Equinix in a report on Tuesday, July 4th. Finally, Canaccord Genuity restated a “buy” rating and set a $525.00 target price on shares of Equinix in a report on Monday, June 12th. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $469.26.

About Equinix

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.

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

Receive News & Stock Ratings for Equinix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix Inc. and related stocks with our FREE daily email newsletter.