Slow Capital Inc. Sells 206 Shares of Equinix Inc (NASDAQ:EQIX)
Slow Capital Inc. trimmed its position in shares of Equinix Inc (NASDAQ:EQIX) by 12.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,508 shares of the financial services provider’s stock after selling 206 shares during the period. Slow Capital Inc.’s holdings in Equinix were worth $761,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of EQIX. Carroll Financial Associates Inc. grew its stake in Equinix by 63.6% during the second quarter. Carroll Financial Associates Inc. now owns 54 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 21 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in Equinix during the first quarter worth $28,000. Spectrum Management Group Inc. acquired a new position in Equinix during the first quarter worth $29,000. Berman Capital Advisors LLC grew its holdings in shares of Equinix by 44.9% during the second quarter. Berman Capital Advisors LLC now owns 71 shares of the financial services provider’s stock worth $35,000 after buying an additional 22 shares in the last quarter. Finally, Focused Wealth Management Inc purchased a new stake in shares of Equinix during the second quarter worth $39,000. 97.83% of the stock is owned by hedge funds and other institutional investors.
EQIX has been the subject of a number of research reports. Oppenheimer upped their target price on shares of Equinix from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Stifel Nicolaus increased their target price on shares of Equinix from $542.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Nomura increased their target price on shares of Equinix from $505.00 to $575.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research raised shares of Equinix from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, UBS Group increased their target price on shares of Equinix from $510.00 to $560.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Equinix has an average rating of “Buy” and a consensus target price of $527.21.
Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $5.14 by ($3.45). Equinix had a net margin of 9.29% and a return on equity of 6.29%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business earned $3.63 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts expect that Equinix Inc will post 20.7 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st will be issued a $2.46 dividend. This represents a $9.84 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Tuesday, August 20th. Equinix’s dividend payout ratio (DPR) is currently 47.56%.
In other Equinix news, Director Camp Peter Van sold 3,191 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $549.78, for a total value of $1,754,347.98. Following the completion of the sale, the director now owns 4,024 shares of the company’s stock, valued at $2,212,314.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael Earl Campbell sold 1,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $543.75, for a total value of $543,750.00. Following the completion of the sale, the insider now directly owns 2,078 shares of the company’s stock, valued at approximately $1,129,912.50. The disclosure for this sale can be found here. In the last three months, insiders sold 10,236 shares of company stock valued at $5,359,558. 0.49% of the stock is owned by corporate insiders.
Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
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