ProShare Advisors LLC Sells 638 Shares of Equinix, Inc. (EQIX)

ProShare Advisors LLC trimmed its holdings in Equinix, Inc. (NASDAQ:EQIX) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,607 shares of the financial services provider’s stock after selling 638 shares during the period. ProShare Advisors LLC’s holdings in Equinix were worth $11,419,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cpcm LLC grew its stake in Equinix by 0.4% in the 1st quarter. Cpcm LLC now owns 1,255 shares of the financial services provider’s stock valued at $502,000 after buying an additional 5 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Equinix by 2.9% in the 2nd quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock valued at $112,000 after buying an additional 7 shares in the last quarter. Conning Inc. grew its stake in Equinix by 0.6% in the 2nd quarter. Conning Inc. now owns 1,550 shares of the financial services provider’s stock valued at $665,000 after buying an additional 10 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in Equinix by 2.1% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 593 shares of the financial services provider’s stock valued at $237,000 after buying an additional 12 shares in the last quarter. Finally, New Amsterdam Partners LLC NY grew its stake in Equinix by 2.7% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 571 shares of the financial services provider’s stock valued at $245,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 94.41% of the company’s stock.

A number of research analysts recently weighed in on EQIX shares. Nomura started coverage on shares of Equinix in a research note on Thursday, May 25th. They issued a “buy” rating and a $490.00 price objective for the company. Instinet reissued a “buy” rating and issued a $490.00 price target on shares of Equinix in a report on Thursday, May 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $470.00 price target on shares of Equinix in a report on Wednesday, May 31st. Canaccord Genuity reissued a “buy” rating and issued a $525.00 price target on shares of Equinix in a report on Monday, June 12th. Finally, Credit Suisse Group started coverage on shares of 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, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $464.78.

In related news, insider Karl Strohmeyer sold 250 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $464.96, for a total transaction of $116,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Keith D. Taylor sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $436.12, for a total transaction of $436,120.00. Following the transaction, the chief financial officer now directly owns 32,996 shares of the company’s stock, valued at $14,390,215.52. The disclosure for this sale can be found here. Insiders have sold 11,711 shares of company stock valued at $5,244,405 over the last ninety days. 0.58% of the stock is currently owned by corporate insiders.

Equinix, Inc. (NASDAQ EQIX) traded up 0.09% during mid-day trading on Friday, hitting $455.31. 1,025,538 shares of the stock were exchanged. The stock has a market capitalization of $35.49 billion, a PE ratio of 167.21 and a beta of 0.56. The company has a 50-day moving average of $456.02 and a 200-day moving average of $426.05. Equinix, Inc. has a 52 week low of $314.55 and a 52 week high of $475.28.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.41 by $1.18. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Equinix had a net margin of 5.18% and a return on equity of 5.51%. On average, equities analysts predict that Equinix, Inc. will post $3.85 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $8.00 annualized dividend and a yield of 1.76%. Equinix’s payout ratio is 293.04%.

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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.

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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