Candriam Luxembourg S.C.A. raised its position in Equinix Inc (NASDAQ:EQIX) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,986 shares of the financial services provider’s stock after acquiring an additional 162 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Equinix were worth $2,110,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in Equinix by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 1,225,145 shares of the financial services provider’s stock valued at $530,354,000 after acquiring an additional 112,196 shares during the last quarter. MML Investors Services LLC boosted its stake in Equinix by 35.7% in the third quarter. MML Investors Services LLC now owns 3,056 shares of the financial services provider’s stock valued at $1,323,000 after acquiring an additional 804 shares during the last quarter. CI Investments Inc. boosted its stake in Equinix by 7.9% in the third quarter. CI Investments Inc. now owns 61,312 shares of the financial services provider’s stock valued at $26,541,000 after acquiring an additional 4,512 shares during the last quarter. American International Group Inc. boosted its stake in Equinix by 5.4% in the third quarter. American International Group Inc. now owns 32,058 shares of the financial services provider’s stock valued at $13,878,000 after acquiring an additional 1,642 shares during the last quarter. Finally, FIL Ltd boosted its stake in Equinix by 33.8% in the third quarter. FIL Ltd now owns 48,054 shares of the financial services provider’s stock valued at $20,802,000 after acquiring an additional 12,147 shares during the last quarter. 99.04% of the stock is owned by institutional investors.
In other Equinix news, Director Camp Peter Van sold 1,257 shares of the stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $380.93, for a total value of $478,829.01. Following the sale, the director now directly owns 6,454 shares in the company, valued at approximately $2,458,522.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Earl Campbell sold 250 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $445.02, for a total transaction of $111,255.00. Following the completion of the sale, the insider now owns 3,828 shares in the company, valued at $1,703,536.56. The disclosure for this sale can be found here. Insiders have sold a total of 28,263 shares of company stock worth $11,593,833 over the last 90 days. 0.51% of the stock is currently owned by corporate insiders.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, February 13th. The financial services provider reported $1.36 EPS for the quarter, missing the Zacks’ consensus estimate of $4.46 by ($3.10). The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Equinix had a net margin of 7.20% and a return on equity of 6.88%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. As a group, research analysts forecast that Equinix Inc will post 20.89 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 27th were paid a dividend of $2.46 per share. This is a boost from Equinix’s previous quarterly dividend of $2.28. This represents a $9.84 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Tuesday, February 26th. Equinix’s dividend payout ratio is presently 47.56%.
A number of research firms have weighed in on EQIX. BidaskClub upgraded shares of Equinix from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Citigroup boosted their target price on shares of Equinix from $481.00 to $482.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating and set a $484.00 target price on the stock in a research note on Monday, February 18th. Credit Suisse Group upped their price target on shares of Equinix from $467.00 to $474.00 and gave the company an “outperform” rating in a research note on Thursday, February 14th. Finally, Berenberg Bank assumed coverage on shares of Equinix in a research note on Tuesday, January 8th. They set a “buy” rating and a $477.00 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $496.08.
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Equinix Company 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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