United Capital Financial Advisers LLC raised its position in shares of Equinix Inc (NASDAQ:EQIX) by 7.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,713 shares of the financial services provider’s stock after buying an additional 333 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Equinix were worth $2,377,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Profund Advisors LLC boosted its holdings in shares of Equinix by 19.3% in the 2nd quarter. Profund Advisors LLC now owns 6,786 shares of the financial services provider’s stock worth $3,422,000 after purchasing an additional 1,097 shares during the period. Bank of Nova Scotia boosted its holdings in shares of Equinix by 1.6% in the 2nd quarter. Bank of Nova Scotia now owns 2,341 shares of the financial services provider’s stock worth $1,181,000 after purchasing an additional 36 shares during the period. Bank of Nova Scotia Trust Co. purchased a new position in shares of Equinix in the 2nd quarter worth approximately $253,000. Scotia Capital Inc. boosted its holdings in shares of Equinix by 494.5% in the 2nd quarter. Scotia Capital Inc. now owns 3,591 shares of the financial services provider’s stock worth $1,810,000 after purchasing an additional 2,987 shares during the period. Finally, APG Asset Management N.V. boosted its holdings in shares of Equinix by 2.3% in the 2nd quarter. APG Asset Management N.V. now owns 21,799 shares of the financial services provider’s stock worth $9,653,000 after purchasing an additional 500 shares during the period.
A number of equities analysts have recently commented on EQIX shares. Mitsubishi UFJ Financial Group started coverage on Equinix in a report on Tuesday, September 10th. They issued an “overweight” rating and a $605.00 target price for the company. BidaskClub cut Equinix from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 12th. ValuEngine cut Equinix from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Oppenheimer boosted their price objective on Equinix from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, UBS Group boosted their price objective on Equinix from $510.00 to $560.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $533.58.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.69 earnings per share for the quarter, missing the Zacks’ 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 analysts’ expectations of $1.39 billion. During the same period in the prior year, the firm posted $3.63 EPS. Equinix’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, analysts forecast that Equinix Inc will post 20.69 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st will be issued a $2.46 dividend. This represents a $9.84 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, August 20th. Equinix’s dividend payout ratio is presently 47.56%.
In other Equinix news, insider Michael Earl Campbell sold 124 shares of Equinix stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $559.80, for a total value of $69,415.20. Following the sale, the insider now owns 1,578 shares of the company’s stock, valued at approximately $883,364.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brandi Galvin Morandi sold 2,960 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $516.44, for a total value of $1,528,662.40. Following the sale, the insider now directly owns 19,253 shares in the company, valued at approximately $9,943,019.32. The disclosure for this sale can be found here. Insiders sold a total of 12,409 shares of company stock worth $6,727,033 in the last ninety days. 0.49% of the stock is owned by corporate insiders.
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.
Featured Article: Trading on Margin
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.