Equinix Inc (EQIX) Shares Sold by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. trimmed its stake in shares of Equinix Inc (NASDAQ:EQIX) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,376 shares of the financial services provider’s stock after selling 1,575 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Equinix were worth $28,301,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EQIX. Manning & Napier Group LLC raised its holdings in shares of Equinix by 498.9% during the second quarter. Manning & Napier Group LLC now owns 292,305 shares of the financial services provider’s stock worth $125,657,000 after acquiring an additional 243,495 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Equinix by 12.2% during the first quarter. Principal Financial Group Inc. now owns 2,084,542 shares of the financial services provider’s stock worth $871,629,000 after acquiring an additional 226,090 shares during the period. American Century Companies Inc. raised its holdings in shares of Equinix by 18.4% during the second quarter. American Century Companies Inc. now owns 1,170,207 shares of the financial services provider’s stock worth $503,060,000 after acquiring an additional 181,449 shares during the period. USS Investment Management Ltd raised its holdings in shares of Equinix by 20.0% during the second quarter. USS Investment Management Ltd now owns 685,283 shares of the financial services provider’s stock worth $294,603,000 after acquiring an additional 114,172 shares during the period. Finally, Heitman Real Estate Securities LLC raised its holdings in shares of Equinix by 410.2% during the second quarter. Heitman Real Estate Securities LLC now owns 140,169 shares of the financial services provider’s stock worth $61,722,000 after acquiring an additional 112,693 shares during the period. Institutional investors and hedge funds own 99.91% of the company’s stock.

In other news, insider Michael Earl Campbell sold 1,316 shares of Equinix stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $423.38, for a total value of $557,168.08. Following the completion of the transaction, the insider now owns 3,954 shares of the company’s stock, valued at approximately $1,674,044.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Keith D. Taylor sold 2,000 shares of Equinix stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $431.65, for a total transaction of $863,300.00. Following the completion of the transaction, the chief financial officer now directly owns 21,141 shares of the company’s stock, valued at approximately $9,125,512.65. The disclosure for this sale can be found here. In the last three months, insiders sold 3,566 shares of company stock valued at $1,528,778. Insiders own 0.51% of the company’s stock.



EQIX has been the topic of a number of research analyst reports. Citigroup raised their price objective on shares of Equinix from $494.00 to $506.00 and gave the stock a “buy” rating in a report on Thursday, August 9th. Credit Suisse Group set a $520.00 price objective on shares of Equinix and gave the stock a “buy” rating in a report on Thursday, August 9th. BMO Capital Markets dropped their price objective on shares of Equinix from $526.00 to $521.00 and set a “buy” rating on the stock in a report on Thursday, August 9th. Zacks Investment Research upgraded shares of Equinix from a “hold” rating to a “buy” rating and set a $480.00 price objective on the stock in a report on Tuesday, July 3rd. Finally, Stifel Nicolaus started coverage on shares of Equinix in a report on Tuesday, July 17th. They set a “buy” rating and a $500.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $507.76.

Shares of EQIX stock opened at $385.22 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.60. Equinix Inc has a 1 year low of $370.79 and a 1 year high of $495.35. The firm has a market capitalization of $32.75 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.36 and a beta of 0.46.

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

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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