Equinix, Inc. (REIT) (NASDAQ:EQIX) Shares Purchased by Norinchukin Bank The

Norinchukin Bank The boosted its position in Equinix, Inc. (REIT) (NASDAQ:EQIX) by 0.4% in the 1st quarter, HoldingsChannel reports. The firm owned 8,892 shares of the financial services provider’s stock after purchasing an additional 37 shares during the period. Norinchukin Bank The’s holdings in Equinix were worth $6,043,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Moseley Investment Management Inc. increased its stake in shares of Equinix by 3.6% during the 1st quarter. Moseley Investment Management Inc. now owns 433 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 15 shares during the last quarter. Nvwm LLC increased its stake in shares of Equinix by 32.0% during the 4th quarter. Nvwm LLC now owns 66 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 16 shares during the last quarter. Greenleaf Trust increased its stake in shares of Equinix by 2.0% during the 4th quarter. Greenleaf Trust now owns 859 shares of the financial services provider’s stock valued at $613,000 after acquiring an additional 17 shares during the last quarter. Cetera Advisors LLC increased its stake in shares of Equinix by 1.8% during the 4th quarter. Cetera Advisors LLC now owns 979 shares of the financial services provider’s stock valued at $699,000 after acquiring an additional 17 shares during the last quarter. Finally, Altman Advisors Inc. increased its stake in shares of Equinix by 1.4% during the 4th quarter. Altman Advisors Inc. now owns 1,341 shares of the financial services provider’s stock valued at $958,000 after acquiring an additional 18 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Sara Baack sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, June 2nd. The stock was sold at an average price of $750.00, for a total transaction of $187,500.00. Following the sale, the insider now directly owns 13,517 shares of the company’s stock, valued at approximately $10,137,750. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles J. Meyers sold 5,051 shares of the company’s stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $795.42, for a total value of $4,017,666.42. Following the sale, the chief executive officer now directly owns 8,815 shares in the company, valued at $7,011,627.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,501 shares of company stock worth $13,019,508. Corporate insiders own 13.20% of the company’s stock.

Equinix stock opened at $822.99 on Friday. The stock has a market cap of $73.72 billion, a PE ratio of 180.09, a P/E/G ratio of 1.98 and a beta of 0.28. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.55 and a current ratio of 1.55. The firm’s 50 day simple moving average is $724.34. Equinix, Inc. has a 52 week low of $586.73 and a 52 week high of $839.77.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, April 28th. The financial services provider reported $1.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $6.03 by ($4.29). The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Equinix had a net margin of 6.62% and a return on equity of 5.85%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $6.21 earnings per share. Equities analysts forecast that Equinix, Inc. will post 24.41 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 16th. Investors of record on Wednesday, May 19th will be given a dividend of $2.87 per share. This represents a $11.48 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, May 18th. Equinix’s dividend payout ratio is currently 46.37%.

A number of research analysts have recently commented on EQIX shares. Evercore ISI started coverage on shares of Equinix in a research note on Thursday, March 11th. They set an “outperform” rating and a $820.00 price objective for the company. Cowen dropped their target price on shares of Equinix from $864.00 to $811.00 and set an “outperform” rating for the company in a research report on Thursday, February 11th. Raymond James increased their target price on shares of Equinix from $835.00 to $856.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 11th. Barclays increased their target price on shares of Equinix from $861.00 to $867.00 and gave the stock an “overweight” rating in a research report on Monday, May 3rd. Finally, TheStreet raised shares of Equinix from a “c+” rating to a “b-” rating in a research report on Wednesday, April 28th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $832.06.

Equinix Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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