Equinix Inc (EQIX) Insider Sells $592,500.00 in Stock

Equinix Inc (NASDAQ:EQIX) insider Michael Earl Campbell sold 1,500 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $395.00, for a total transaction of $592,500.00. Following the completion of the transaction, the insider now owns 1,388 shares in the company, valued at $548,260. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of EQIX stock traded up $7.63 during trading hours on Thursday, hitting $392.72. 662,080 shares of the company were exchanged, compared to its average volume of 598,594. The firm has a market cap of $30.96 billion, a P/E ratio of 21.19, a PEG ratio of 1.29 and a beta of 0.75. Equinix Inc has a 1 year low of $370.79 and a 1 year high of $462.43. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.24 and a quick ratio of 1.24.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Thursday, November 1st. The financial services provider reported $1.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.47 by ($2.92). The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Equinix had a return on equity of 7.70% and a net margin of 6.46%. The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.63 earnings per share. Analysts expect that Equinix Inc will post 18.45 earnings per share for the current fiscal year.



The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 14th will be given a dividend of $2.28 per share. This represents a $9.12 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, November 13th. Equinix’s dividend payout ratio (DPR) is presently 49.22%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clearbridge Investments LLC grew its position in shares of Equinix by 1.2% during the third quarter. Clearbridge Investments LLC now owns 1,049,531 shares of the financial services provider’s stock worth $454,332,000 after buying an additional 12,945 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Equinix by 0.3% during the third quarter. Vanguard Group Inc. now owns 10,175,655 shares of the financial services provider’s stock worth $4,404,940,000 after buying an additional 27,284 shares in the last quarter. Morgan Stanley grew its position in shares of Equinix by 34.1% during the third quarter. Morgan Stanley now owns 183,725 shares of the financial services provider’s stock worth $79,533,000 after buying an additional 46,685 shares in the last quarter. Legal & General Group Plc grew its position in shares of Equinix by 1.5% during the third quarter. Legal & General Group Plc now owns 332,050 shares of the financial services provider’s stock worth $143,741,000 after buying an additional 4,927 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC grew its position in shares of Equinix by 37.0% during the third quarter. Paradigm Asset Management Co. LLC now owns 1,110 shares of the financial services provider’s stock worth $481,000 after buying an additional 300 shares in the last quarter. 99.50% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have issued reports on EQIX. BidaskClub lowered shares of Equinix from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. ValuEngine lowered shares of Equinix from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. Credit Suisse Group set a $520.00 target price on shares of Equinix and gave the company a “buy” rating in a report on Thursday, August 9th. BMO Capital Markets reduced their target price 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. Finally, Mitsubishi UFJ Financial Group upped their target price on shares of Equinix to $483.00 and gave the company an “overweight” rating in a report on Friday, August 17th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $501.28.

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About Equinix

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

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