Timber Hill LLC Takes $316,000 Position in Equinix, Inc. (EQIX)

Timber Hill LLC bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 709 shares of the financial services provider’s stock, valued at approximately $316,000.

A number of other large investors have also added to or reduced their stakes in EQIX. Proficio Capital Partners LLC increased its position in Equinix by 2.9% during the second quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 7 shares during the period. San Francisco Sentry Investment Group CA bought a new position in Equinix during the second quarter worth about $127,000. Smithfield Trust Co. increased its position in Equinix by 19.1% during the second quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 54 shares during the period. Commerce Bank bought a new position in Equinix during the third quarter worth about $203,000. Finally, Bienville Capital Management LLC bought a new position in Equinix during the second quarter worth about $213,000. 95.09% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities analysts recently commented on EQIX shares. Cowen and Company reaffirmed a “buy” rating on shares of Equinix in a research report on Friday, July 21st. Barclays PLC raised shares of Equinix from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $475.00 to $505.00 in a research report on Wednesday, October 18th. UBS AG started coverage on shares of Equinix in a research report on Wednesday, October 18th. They set a “neutral” rating on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $440.00 price target on shares of Equinix in a research report on Thursday, October 12th. Finally, Deutsche Bank AG initiated coverage on shares of Equinix in a report on Tuesday, October 24th. They issued a “buy” rating and a $550.00 target price on the stock. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Equinix currently has an average rating of “Buy” and a consensus price target of $495.20.

In other news, CFO Keith D. Taylor sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $438.46, for a total value of $657,690.00. Following the transaction, the chief financial officer now owns 31,393 shares in the company, valued at approximately $13,764,574.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Earl Campbell sold 200 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $479.37, for a total transaction of $95,874.00. Following the completion of the transaction, the insider now owns 1,125 shares in the company, valued at approximately $539,291.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,760 shares of company stock worth $3,555,070. 0.58% of the stock is owned by corporate insiders.

Equinix, Inc. (EQIX) traded up $0.67 during trading hours on Friday, reaching $475.09. 528,400 shares of the company traded hands, compared to its average volume of 500,355. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.51. Equinix, Inc. has a twelve month low of $327.37 and a twelve month high of $495.35. The firm has a market cap of $37,115.63, a P/E ratio of 26.68, a PEG ratio of 1.91 and a beta of 0.46.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $3.63 EPS for the quarter, topping the consensus estimate of $1.39 by $2.24. Equinix had a net margin of 5.58% and a return on equity of 5.59%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned $3.95 EPS. The firm’s revenue was up 24.6% compared to the same quarter last year. equities analysts predict that Equinix, Inc. will post 16.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 15th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $8.00 annualized dividend and a yield of 1.68%. Equinix’s dividend payout ratio is presently 264.03%.

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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