Centaurus Financial Inc. purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 500 shares of the financial services provider’s stock, valued at approximately $227,000.
Other hedge funds also recently bought and sold shares of the company. Whittier Trust Co. boosted its holdings in shares of Equinix by 191.5% during the fourth quarter. Whittier Trust Co. now owns 239 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 157 shares during the period. Zions Bancorporation boosted its holdings in shares of Equinix by 2,550.0% during the third quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 255 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of Equinix during the fourth quarter worth approximately $121,000. Amica Retiree Medical Trust acquired a new stake in shares of Equinix during the third quarter worth approximately $188,000. Finally, Commerce Bank acquired a new stake in shares of Equinix during the third quarter worth approximately $203,000. Institutional investors and hedge funds own 94.81% of the company’s stock.
In other news, insider Michael Earl Campbell sold 464 shares of Equinix stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $402.05, for a total value of $186,551.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Keith D. Taylor sold 2,028 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $401.92, for a total transaction of $815,093.76. The disclosure for this sale can be found here. In the last three months, insiders sold 27,745 shares of company stock worth $12,259,835. Insiders own 0.58% of the company’s stock.
A number of analysts have issued reports on EQIX shares. Credit Suisse Group set a $515.00 target price on shares of Equinix and gave the company a “buy” rating in a research note on Monday, December 18th. Bank of America reiterated a “buy” rating and issued a $520.00 target price (up from $450.21) on shares of Equinix in a research note on Wednesday, December 13th. Cowen reiterated a “buy” rating and issued a $482.00 target price on shares of Equinix in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Equinix from a “hold” rating to a “buy” rating and set a $547.00 target price for the company in a research note on Monday, November 6th. Finally, Berenberg Bank reiterated a “buy” rating and issued a $550.00 target price on shares of Equinix in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $499.00.
Equinix, Inc. (NASDAQ EQIX) opened at $394.84 on Friday. Equinix, Inc. has a 52-week low of $361.90 and a 52-week high of $495.35. The company has a market cap of $30,546.35, a P/E ratio of 132.05, a PEG ratio of 1.34 and a beta of 0.42. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.80 and a quick ratio of 2.11.
Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $3.87 by ($3.05). Equinix had a net margin of 5.33% and a return on equity of 6.54%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the business earned $4.08 EPS. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. sell-side analysts forecast that Equinix, Inc. will post 18.73 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Monday, February 26th will be given a $2.28 dividend. This is a positive change from Equinix’s previous quarterly dividend of $2.00. The ex-dividend date is Friday, February 23rd. This represents a $9.12 dividend on an annualized basis and a dividend yield of 2.31%. Equinix’s dividend payout ratio (DPR) is currently 267.56%.
Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIX).
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.