Teachers Retirement System of The State of Kentucky continued to hold its position in Equinix, Inc. (NASDAQ:EQIX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,011 shares of the financial services provider’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Equinix were worth $3,207,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Point72 Asia Hong Kong Ltd increased its stake in Equinix by 47.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 252 shares of the financial services provider’s stock worth $101,000 after buying an additional 81 shares during the last quarter. Advisory Services Network LLC bought a new stake in Equinix during the first quarter worth about $112,000. Guardian Life Insurance Co. of America increased its stake in Equinix by 9.9% in the first quarter. Guardian Life Insurance Co. of America now owns 300 shares of the financial services provider’s stock worth $120,000 after buying an additional 27 shares during the last quarter. Westside Investment Management Inc. increased its stake in Equinix by 31.9% in the first quarter. Westside Investment Management Inc. now owns 413 shares of the financial services provider’s stock worth $165,000 after buying an additional 100 shares during the last quarter. Finally, Aureus Asset Management LLC bought a new stake in Equinix during the first quarter worth about $208,000. 97.40% of the stock is currently owned by institutional investors.
Shares of Equinix, Inc. (NASDAQ:EQIX) traded up 1.14% during midday trading on Friday, hitting $447.90. 393,816 shares of the stock were exchanged. Equinix, Inc. has a 12-month low of $314.55 and a 12-month high of $448.33.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.94. The business had revenue of $949.53 million during the quarter, compared to analyst estimates of $946.89 million. Equinix had a net margin of 5.38% and a return on equity of 5.88%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business earned $1.68 EPS. Equities research analysts forecast that Equinix, Inc. will post $4.50 earnings per share for the current year.
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Several research analysts recently issued reports on EQIX shares. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $472.00 price objective (up from $440.00) on shares of Equinix in a research report on Thursday, May 4th. Royal Bank Of Canada reiterated a “buy” rating and issued a $470.00 price target on shares of Equinix in a report on Wednesday, May 31st. Jefferies Group LLC boosted their price target on Equinix from $378.00 to $410.00 and gave the company a “hold” rating in a report on Friday, April 28th. Cowen and Company boosted their price target on Equinix from $453.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Finally, Credit Suisse Group initiated coverage on Equinix in a report on Friday, June 30th. They issued an “outperform” rating and a $510.00 price target for the company. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $456.50.
In related news, CFO Keith D. Taylor sold 1,000 shares of Equinix stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $436.12, for a total value of $436,120.00. Following the completion of the sale, the chief financial officer now owns 32,996 shares of the company’s stock, valued at approximately $14,390,215.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen M. Smith sold 5,348 shares of Equinix stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $432.60, for a total transaction of $2,313,544.80. Following the completion of the sale, the chief executive officer now directly owns 18,967 shares of the company’s stock, valued at approximately $8,205,124.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,853 shares of company stock valued at $7,787,982. 0.58% of the stock is owned by company 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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