Davidson Investment Advisors Has $108,000 Holdings in Equinix, Inc. (EQIX)

Davidson Investment Advisors lowered its stake in Equinix, Inc. (NASDAQ:EQIX) by 9.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 252 shares of the financial services provider’s stock after selling 25 shares during the period. Davidson Investment Advisors’ holdings in Equinix were worth $108,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd lifted its position in shares of 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. Proficio Capital Partners LLC lifted its position in shares of Equinix by 1,033.3% in the first quarter. Proficio Capital Partners LLC now owns 238 shares of the financial services provider’s stock worth $105,000 after buying an additional 217 shares during the last quarter. Guardian Life Insurance Co. of America lifted its position in shares of 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. Smithfield Trust Co. lifted its position in shares of Equinix by 19.1% in the second quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock worth $145,000 after buying an additional 54 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its position in shares of 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. 94.36% of the stock is owned by institutional investors.

Shares of Equinix, Inc. (NASDAQ EQIX) traded up 0.11% during trading on Tuesday, reaching $450.65. The company had a trading volume of 81,190 shares. Equinix, Inc. has a 12 month low of $314.55 and a 12 month high of $475.28. The company has a market cap of $35.13 billion, a price-to-earnings ratio of 165.50 and a beta of 0.56. The firm has a 50 day moving average price of $456.08 and a 200 day moving average price of $427.32.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.41 by $1.18. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. Equinix had a net margin of 5.18% and a return on equity of 5.51%. Analysts predict that Equinix, Inc. will post $3.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 23rd will be given 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 1.78%. Equinix’s dividend payout ratio (DPR) is presently 293.04%.

In other Equinix news, CFO Keith D. Taylor sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $435.62, for a total transaction of $1,089,050.00. Following the completion of the sale, the chief financial officer now directly owns 35,015 shares in the company, valued at $15,253,234.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Karl Strohmeyer sold 250 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $464.96, for a total transaction of $116,240.00. 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 90 days. Company insiders own 0.58% of the company’s stock.

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A number of analysts have weighed in on the company. BidaskClub raised Equinix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. Barclays PLC reaffirmed an “equal weight” rating and issued a $475.00 price target (up previously from $410.00) on shares of Equinix in a research report on Thursday, August 3rd. Stifel Nicolaus reissued a “buy” rating and set a $497.00 price objective (up previously from $485.00) on shares of Equinix in a research report on Thursday, August 3rd. Cowen and Company reissued an “outperform” rating and set a $482.00 price objective (up previously from $465.00) on shares of Equinix in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada boosted their price objective on Equinix from $470.00 to $505.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Equinix currently has a consensus rating of “Buy” and a consensus price target of $464.78.

About Equinix

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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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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