Tudor Investment Corp ET AL Decreases Holdings in Equinix, Inc. (EQIX)
Tudor Investment Corp ET AL cut its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 56.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,016 shares of the financial services provider’s stock after selling 5,284 shares during the period. Tudor Investment Corp ET AL’s holdings in Equinix were worth $1,724,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Nicholas Company Inc. bought a new position in shares of Equinix in the 2nd quarter valued at $3,201,000. Prudential Financial Inc. grew its position in Equinix by 1.1% during the 2nd quarter. Prudential Financial Inc. now owns 110,757 shares of the financial services provider’s stock worth $47,532,000 after acquiring an additional 1,185 shares during the last quarter. Ameriprise Financial Inc. grew its position in Equinix by 7.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 610,357 shares of the financial services provider’s stock worth $261,747,000 after acquiring an additional 43,933 shares during the last quarter. Wells Fargo & Company MN grew its position in Equinix by 12.7% during the 2nd quarter. Wells Fargo & Company MN now owns 431,880 shares of the financial services provider’s stock worth $185,345,000 after acquiring an additional 48,560 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Equinix by 4.3% during the 1st quarter. Alliancebernstein L.P. now owns 188,721 shares of the financial services provider’s stock worth $75,558,000 after acquiring an additional 7,859 shares during 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 the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $436.12, for a total transaction of $436,120.00. Following the transaction, the chief financial officer now owns 32,996 shares in the company, valued at approximately $14,390,215.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Camp Peter Van sold 4,444 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $445.81, for a total value of $1,981,179.64. Following the transaction, the director now owns 8,572 shares in the company, valued at approximately $3,821,483.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,711 shares of company stock valued at $4,813,045. Insiders own 0.58% of the company’s stock.
A number of equities analysts have issued reports on the company. Cowen and Company reaffirmed a “buy” rating on shares of Equinix in a report on Friday, July 21st. Credit Suisse Group initiated coverage on Equinix in a research note on Friday, June 30th. They set an “outperform” rating and a $510.00 price target on the stock. BidaskClub lowered Equinix from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Jefferies Group LLC restated a “hold” rating and set a $410.00 price target on shares of Equinix in a report on Tuesday, July 4th. Finally, Canaccord Genuity restated a “buy” rating and set a $525.00 price target on shares of Equinix in a report on Monday, June 12th. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $469.26.
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Shares of Equinix, Inc. (NASDAQ EQIX) traded down 0.40% on Tuesday, hitting $442.72. The stock had a trading volume of 7,895 shares. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $1.18. Equinix had a net margin of 5.18% and a return on equity of 5.51%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. Equities research analysts anticipate that Equinix, Inc. will post $3.83 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Monday, August 21st. Equinix’s dividend payout ratio (DPR) 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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