Xact Kapitalforvaltning AB Trims Stake in Equinix Inc (EQIX)

Xact Kapitalforvaltning AB cut its holdings in Equinix Inc (NASDAQ:EQIX) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,009 shares of the financial services provider’s stock after selling 1,234 shares during the period. Xact Kapitalforvaltning AB’s holdings in Equinix were worth $6,497,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of EQIX. Bridgeworth LLC bought a new position in Equinix during the 2nd quarter valued at about $100,000. We Are One Seven LLC bought a new position in Equinix during the 3rd quarter valued at about $204,000. First Allied Advisory Services Inc. bought a new position in Equinix during the 2nd quarter valued at about $206,000. Park Avenue Securities LLC bought a new position in Equinix during the 2nd quarter valued at about $214,000. Finally, Fieldpoint Private Securities LLC grew its holdings in Equinix by 27.0% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 635 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 135 shares during the last quarter.

In other news, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $442.49, for a total value of $663,735.00. Following the completion of the sale, the chief financial officer now owns 22,741 shares of the company’s stock, valued at approximately $10,062,665.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Earl Campbell sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $433.24, for a total transaction of $108,310.00. Following the completion of the sale, the insider now directly owns 1,427 shares of the company’s stock, valued at approximately $618,233.48. The disclosure for this sale can be found here. Insiders sold a total of 5,066 shares of company stock valued at $2,192,513 in the last ninety days. Corporate insiders own 0.51% of the company’s stock.

EQIX has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Equinix from a “hold” rating to a “buy” rating and set a $480.00 price target on the stock in a report on Tuesday, July 3rd. Mitsubishi UFJ Financial Group upped their price target on shares of Equinix to $483.00 and gave the company an “overweight” rating in a report on Friday, August 17th. BidaskClub downgraded shares of Equinix from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. ValuEngine downgraded shares of Equinix from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. Finally, Stifel Nicolaus initiated coverage on shares of Equinix in a report on Tuesday, July 17th. They set a “buy” rating and a $500.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $510.45.

Equinix stock traded up $3.46 during trading hours on Friday, hitting $415.11. The company had a trading volume of 1,577 shares, compared to its average volume of 490,700. The stock has a market cap of $32.63 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.29 and a quick ratio of 1.29. Equinix Inc has a 1 year low of $370.79 and a 1 year high of $495.35.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.08). The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Equinix had a net margin of 5.71% and a return on equity of 7.22%. Equinix’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the firm earned $2.80 earnings per share. Research analysts expect that Equinix Inc will post 18.58 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 19th. Stockholders of record on Wednesday, August 22nd were given a $2.28 dividend. The ex-dividend date was Tuesday, August 21st. This represents a $9.12 annualized dividend and a dividend yield of 2.20%. Equinix’s payout ratio is presently 49.22%.

Equinix Profile

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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