Equinix Inc (NASDAQ:EQIX) Director Christopher B. Paisley Sells 200 Shares of Stock

Equinix Inc (NASDAQ:EQIX) Director Christopher B. Paisley sold 200 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $551.24, for a total value of $110,248.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

EQIX traded up $2.04 during trading hours on Thursday, hitting $554.14. The company’s stock had a trading volume of 59,995 shares, compared to its average volume of 470,202. Equinix Inc has a fifty-two week low of $335.29 and a fifty-two week high of $557.96. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $44.94 billion, a PE ratio of 26.78, a PEG ratio of 1.84 and a beta of 0.73. The company has a 50-day simple moving average of $522.93 and a 200 day simple moving average of $476.01.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.69 EPS for the quarter, missing the consensus estimate of $5.14 by ($3.45). Equinix had a net margin of 9.29% and a return on equity of 6.29%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business earned $3.63 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. Research analysts expect that Equinix Inc will post 20.7 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st will be given a $2.46 dividend. This represents a $9.84 annualized dividend and a yield of 1.78%. The ex-dividend date is Tuesday, August 20th. Equinix’s dividend payout ratio is currently 47.56%.

A number of institutional investors and hedge funds have recently bought and sold shares of EQIX. Carroll Financial Associates Inc. increased its position in shares of Equinix by 63.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 54 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 21 shares during the period. Berman Capital Advisors LLC increased its position in shares of Equinix by 44.9% during the 2nd quarter. Berman Capital Advisors LLC now owns 71 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 22 shares during the period. Eagle Boston Investment Management Inc. increased its position in shares of Equinix by 1.1% during the 1st quarter. Eagle Boston Investment Management Inc. now owns 2,075 shares of the financial services provider’s stock valued at $940,000 after purchasing an additional 23 shares during the period. Rehmann Capital Advisory Group increased its position in shares of Equinix by 25.3% during the 1st quarter. Rehmann Capital Advisory Group now owns 114 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 23 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. increased its position in shares of Equinix by 27.9% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 110 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 95.48% of the company’s stock.

A number of analysts have recently weighed in on the company. UBS Group increased their price target on Equinix from $510.00 to $560.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Co increased their price target on Equinix from $500.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded Equinix from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Raymond James increased their price target on Equinix from $520.00 to $560.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 1st. Finally, ValuEngine upgraded Equinix from a “hold” rating to a “buy” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $527.21.

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.

Further Reading: Lock-Up Period Expiration

Insider Buying and Selling by Quarter for Equinix (NASDAQ:EQIX)

Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.