Equinix, Inc. (NASDAQ:EQIX) COO Charles J. Meyers sold 200 shares of Equinix stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $400.94, for a total transaction of $80,188.00. Following the transaction, the chief operating officer now owns 337 shares in the company, valued at approximately $135,116.78. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Charles J. Meyers also recently made the following trade(s):
- On Thursday, February 16th, Charles J. Meyers sold 2,446 shares of Equinix stock. The stock was sold at an average price of $376.58, for a total transaction of $921,114.68.
Equinix, Inc. (NASDAQ:EQIX) traded down 0.65% during mid-day trading on Friday, hitting $402.48. 208,215 shares of the stock were exchanged. The stock’s 50 day moving average is $389.46 and its 200 day moving average is $367.99. The stock has a market cap of $28.83 billion, a PE ratio of 224.22 and a beta of 0.73. Equinix, Inc. has a 52-week low of $314.55 and a 52-week high of $407.55.
Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, February 15th. The financial services provider reported $0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.41 by $2.55. The firm had revenue of $942.65 million for the quarter, compared to the consensus estimate of $942.15 million. Equinix had a return on equity of 3.68% and a net margin of 2.23%. Analysts forecast that Equinix, Inc. will post $4.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 22nd. Stockholders of record on Monday, February 27th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.97%. This is a positive change from Equinix’s previous quarterly dividend of $1.75. Equinix’s dividend payout ratio (DPR) is 648.15%.
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EQIX has been the topic of several analyst reports. Citigroup Inc upgraded shares of Equinix from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $408.00 to $435.00 in a research note on Monday, March 13th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Equinix from a “sell” rating to a “hold” rating in a research report on Monday, January 16th. Stifel Nicolaus raised their price objective on shares of Equinix from $418.00 to $435.00 and gave the company a “buy” rating in a research report on Thursday, February 16th. Canaccord Genuity restated a “buy” rating and set a $420.00 price objective on shares of Equinix in a research report on Thursday, February 16th. Finally, Macquarie assumed coverage on shares of Equinix in a research report on Thursday, April 6th. They set an “outperform” rating and a $450.00 price objective on the stock. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $419.69.
Institutional investors have recently made changes to their positions in the company. Retirement Systems of Alabama raised its position in shares of Equinix by 7.0% in the first quarter. Retirement Systems of Alabama now owns 37,274 shares of the financial services provider’s stock worth $14,923,000 after buying an additional 2,453 shares during the period. State of Alaska Department of Revenue raised its position in shares of Equinix by 31.7% in the first quarter. State of Alaska Department of Revenue now owns 34,262 shares of the financial services provider’s stock worth $13,716,000 after buying an additional 8,253 shares during the period. Hartford Investment Management Co. raised its position in shares of Equinix by 1.7% in the first quarter. Hartford Investment Management Co. now owns 17,499 shares of the financial services provider’s stock worth $7,006,000 after buying an additional 295 shares during the period. Lederer & Associates Investment Counsel CA raised its position in shares of Equinix by 5.0% in the first quarter. Lederer & Associates Investment Counsel CA now owns 1,055 shares of the financial services provider’s stock worth $422,000 after buying an additional 50 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Equinix during the first quarter worth $909,000. Institutional investors own 98.12% of the company’s stock.
Equinix Company Profile
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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