Equinix Inc (NASDAQ:EQIX) Director Christopher B. Paisley sold 200 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $487.88, for a total transaction of $97,576.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NASDAQ:EQIX opened at $503.67 on Thursday. The stock has a market cap of $40.78 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 1.74 and a beta of 0.76. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.56 and a quick ratio of 1.56. Equinix Inc has a fifty-two week low of $335.29 and a fifty-two week high of $508.99.
Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $5.16 by ($3.72). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Equinix had a net margin of 8.06% and a return on equity of 5.66%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.21 earnings per share. Equities research analysts expect that Equinix Inc will post 20.81 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd will be issued a dividend of $2.46 per share. This represents a $9.84 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, May 21st. Equinix’s payout ratio is presently 47.56%.
Several brokerages have commented on EQIX. BidaskClub lowered shares of Equinix from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Argus began coverage on shares of Equinix in a report on Monday, June 3rd. They issued a “buy” rating and a $550.00 price objective for the company. ValuEngine upgraded shares of Equinix from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Deutsche Bank increased their price target on shares of Equinix from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, Zacks Investment Research upgraded shares of Equinix from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $502.00.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Thor Advisors LLC purchased a new position in shares of Equinix in the first quarter worth approximately $80,000. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Equinix by 18.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,958 shares of the financial services provider’s stock valued at $2,700,000 after buying an additional 908 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in Equinix in the first quarter worth $105,000. Meridian Wealth Management LLC bought a new stake in Equinix in the first quarter worth $28,000. Finally, Clearbridge Investments LLC increased its position in Equinix by 10.2% in the first quarter. Clearbridge Investments LLC now owns 1,219,458 shares of the financial services provider’s stock worth $552,610,000 after purchasing an additional 112,564 shares during the last quarter. 99.65% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: This story was posted by Riverton Roll and is the sole property of of Riverton Roll. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://rivertonroll.com/news/2019/06/13/equinix-inc-eqix-director-sells-97576-00-in-stock.html.
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.
See Also: Options Trading
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.