Rockefeller Capital Management L.P. trimmed its holdings in shares of Equinix Inc (NASDAQ:EQIX) by 78.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 320 shares of the financial services provider’s stock after selling 1,146 shares during the period. Rockefeller Capital Management L.P.’s holdings in Equinix were worth $162,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. TCW Group Inc. increased its stake in Equinix by 2.2% during the 1st quarter. TCW Group Inc. now owns 346,190 shares of the financial services provider’s stock valued at $156,879,000 after buying an additional 7,499 shares during the period. NuWave Investment Management LLC acquired a new position in Equinix during the 2nd quarter valued at about $108,000. Landsberg Bennett & Dubbaneh LLC increased its stake in Equinix by 43.7% during the 2nd quarter. Landsberg Bennett & Dubbaneh LLC now owns 2,926 shares of the financial services provider’s stock valued at $1,477,000 after buying an additional 890 shares during the period. American Investment Services Inc. acquired a new position in Equinix during the 1st quarter valued at about $774,000. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in Equinix by 8.3% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 5,641 shares of the financial services provider’s stock valued at $2,556,000 after buying an additional 434 shares during the period. 95.48% of the stock is currently owned by institutional investors.
In other news, CAO Simon Miller sold 385 shares of Equinix stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $516.27, for a total value of $198,763.95. Following the transaction, the chief accounting officer now owns 689 shares of the company’s stock, valued at $355,710.03. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Charles J. Meyers sold 1,928 shares of Equinix stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $558.57, for a total transaction of $1,076,922.96. Following the completion of the transaction, the chief executive officer now directly owns 7,810 shares in the company, valued at approximately $4,362,431.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,409 shares of company stock worth $6,727,033. Insiders own 0.49% of the company’s stock.
Shares of EQIX traded up $7.02 during midday trading on Friday, hitting $558.02. The stock had a trading volume of 8,276 shares, compared to its average volume of 356,142. The firm has a market cap of $45.16 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 1.85 and a beta of 0.70. The business has a 50-day simple moving average of $533.88 and a two-hundred day simple moving average of $487.61. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.34. Equinix Inc has a fifty-two week low of $335.29 and a fifty-two week high of $567.89.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.69 earnings per share for the quarter, missing the consensus estimate of $5.14 by ($3.45). The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. Equinix had a net margin of 9.29% and a return on equity of 6.29%. Equinix’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.63 EPS. On average, analysts expect that Equinix Inc will post 20.72 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st will be given a dividend of $2.46 per share. This represents a $9.84 annualized dividend and a yield of 1.76%. The ex-dividend date is Tuesday, August 20th. Equinix’s payout ratio is presently 47.56%.
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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