Camp Peter Van Sells 1,593 Shares of Equinix, Inc. (EQIX) Stock
Equinix, Inc. (NASDAQ:EQIX) Director Camp Peter Van sold 1,593 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $441.55, for a total value of $703,389.15. Following the completion of the sale, the director now directly owns 5,871 shares in the company, valued at $2,592,340.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Equinix, Inc. (NASDAQ EQIX) opened at $437.89 on Friday. Equinix, Inc. has a 1-year low of $361.90 and a 1-year high of $495.35. The stock has a market cap of $34,223.33, a P/E ratio of 144.52, a PEG ratio of 1.51 and a beta of 0.46. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.51.
Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, November 1st. The financial services provider reported $3.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $2.24. Equinix had a net margin of 5.58% and a return on equity of 5.59%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business earned $3.95 earnings per share. The business’s revenue was up 24.6% on a year-over-year basis. sell-side analysts predict that Equinix, Inc. will post 16.05 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Forsta AP Fonden increased its position in shares of Equinix by 33.8% during the third quarter. Forsta AP Fonden now owns 30,100 shares of the financial services provider’s stock valued at $13,434,000 after acquiring an additional 7,600 shares in the last quarter. Amica Pension Fund Board of Trustees bought a new stake in shares of Equinix during the third quarter valued at approximately $1,235,000. Verition Fund Management LLC increased its position in shares of Equinix by 17.0% during the second quarter. Verition Fund Management LLC now owns 819 shares of the financial services provider’s stock valued at $351,000 after acquiring an additional 119 shares in the last quarter. Stifel Financial Corp increased its position in shares of Equinix by 21.4% during the third quarter. Stifel Financial Corp now owns 3,552 shares of the financial services provider’s stock valued at $1,585,000 after acquiring an additional 627 shares in the last quarter. Finally, Honeywell International Inc. increased its position in shares of Equinix by 30.0% during the third quarter. Honeywell International Inc. now owns 22,253 shares of the financial services provider’s stock valued at $9,932,000 after acquiring an additional 5,139 shares in the last quarter. 94.17% of the stock is 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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