Qube Research & Technologies Ltd lifted its holdings in Equinix Inc (NASDAQ:EQIX) by 425.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,597 shares of the financial services provider’s stock after buying an additional 1,293 shares during the quarter. Qube Research & Technologies Ltd’s holdings in Equinix were worth $687,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. Summit Trail Advisors LLC raised its holdings in Equinix by 38,122.7% during the first quarter. Summit Trail Advisors LLC now owns 538,940 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 537,530 shares during the last quarter. Edgewood Management LLC raised its holdings in Equinix by 19.4% during the first quarter. Edgewood Management LLC now owns 2,206,596 shares of the financial services provider’s stock worth $922,666,000 after purchasing an additional 357,966 shares during the last quarter. Manning & Napier Group LLC raised its holdings in Equinix by 498.9% during the second quarter. Manning & Napier Group LLC now owns 292,305 shares of the financial services provider’s stock worth $125,657,000 after purchasing an additional 243,495 shares during the last quarter. USS Investment Management Ltd raised its holdings in Equinix by 69.2% during the first quarter. USS Investment Management Ltd now owns 571,111 shares of the financial services provider’s stock worth $240,346,000 after purchasing an additional 233,528 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Equinix by 12.2% during the first quarter. Principal Financial Group Inc. now owns 2,084,542 shares of the financial services provider’s stock worth $871,629,000 after purchasing an additional 226,090 shares during the last quarter. Hedge funds and other institutional investors own 97.35% of the company’s stock.
Several brokerages recently issued reports on EQIX. Credit Suisse Group set a $520.00 price objective on Equinix and gave the stock a “buy” rating in a report on Thursday, August 9th. ValuEngine cut Equinix from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. BidaskClub cut Equinix from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. Zacks Investment Research cut Equinix from a “buy” rating to a “hold” rating in a report on Monday, July 9th. Finally, BMO Capital Markets began coverage on Equinix in a report on Tuesday, July 17th. They set an “outperform” rating and a $526.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $507.10.
In related news, CFO Keith D. Taylor sold 2,000 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $431.65, for a total value of $863,300.00. Following the completion of the transaction, the chief financial officer now directly owns 21,141 shares in the company, valued at $9,125,512.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Earl Campbell sold 1,316 shares of the company’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $423.38, for a total value of $557,168.08. Following the completion of the transaction, the insider now owns 3,954 shares of the company’s stock, valued at $1,674,044.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,316 shares of company stock valued at $3,156,888. Insiders own 0.51% of the company’s stock.
Shares of NASDAQ EQIX traded down $1.10 during trading on Friday, reaching $442.74. The company had a trading volume of 1,433 shares, compared to its average volume of 424,755. Equinix Inc has a twelve month low of $370.79 and a twelve month high of $495.35. The stock has a market cap of $34.94 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 1.50 and a beta of 0.47. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.60.
Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $0.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.08). Equinix had a return on equity of 7.22% and a net margin of 5.71%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the firm earned $2.80 earnings per share. The business’s revenue was up 18.3% compared to the same quarter last year. analysts anticipate that Equinix Inc will post 18.58 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Stockholders of record on Wednesday, August 22nd will be issued a $2.28 dividend. The ex-dividend date of this dividend is Tuesday, August 21st. This represents a $9.12 dividend on an annualized basis and a dividend yield of 2.06%. Equinix’s dividend payout ratio (DPR) is 49.22%.
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.
See Also: Hedge Funds Explained
Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix Inc (NASDAQ:EQIX).
Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.