Capital Fund Management S.A. increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 262.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,819 shares of the financial services provider’s stock after buying an additional 17,977 shares during the period. Capital Fund Management S.A.’s holdings in Equinix were worth $9,937,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in Equinix during the first quarter worth $112,000. Compagnie Lombard Odier SCmA raised its position in Equinix by 23.6% in the third quarter. Compagnie Lombard Odier SCmA now owns 545 shares of the financial services provider’s stock worth $196,000 after buying an additional 104 shares during the period. Biegel & Waller LLC acquired a new position in Equinix during the fourth quarter worth $209,000. Soros Fund Management LLC acquired a new position in Equinix during the fourth quarter worth $214,000. Finally, BB&T Corp acquired a new position in Equinix during the first quarter worth $214,000. 98.12% of the stock is currently owned by hedge funds and other institutional investors.
Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, April 26th. The financial services provider reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.20 by $0.94. The business had revenue of $949.53 million for the quarter, compared to the consensus estimate of $946.89 million. Equinix had a net margin of 2.23% and a return on equity of 3.68%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the firm posted $1.68 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, May 24th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Monday, May 22nd. Equinix’s dividend payout ratio is currently 648.15%.
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A number of analysts have recently issued reports on EQIX shares. Canaccord Genuity restated a “buy” rating and set a $420.00 price target on shares of Equinix in a report on Thursday, February 16th. Stifel Nicolaus raised their price target on shares of Equinix from $418.00 to $435.00 and gave the stock a “buy” rating in a report on Thursday, February 16th. Zacks Investment Research upgraded shares of Equinix from a “hold” rating to a “buy” rating and set a $423.00 price target for the company in a report on Tuesday, March 7th. Citigroup Inc upgraded shares of Equinix from a “neutral” rating to a “buy” rating and raised their price target for the stock from $408.00 to $435.00 in a report on Monday, March 13th. They noted that the move was a valuation call. Finally, Cowen and Company raised their price target on shares of Equinix from $417.00 to $453.00 and gave the stock an “outperform” rating in a report on Wednesday, March 29th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $445.72.
In related news, CEO Stephen M. Smith sold 4,779 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $370.50, for a total transaction of $1,770,619.50. Following the completion of the sale, the chief executive officer now directly owns 40,492 shares in the company, valued at $15,002,286. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Earl Campbell sold 554 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $370.43, for a total transaction of $205,218.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,776 shares of company stock valued at $11,408,586. 0.69% of the stock is currently owned by corporate insiders.
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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