Tredje AP fonden Increases Stake in Equinix Inc (NASDAQ:EQIX)

Tredje AP fonden raised its position in Equinix Inc (NASDAQ:EQIX) by 11.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 6,186 shares of the financial services provider’s stock after purchasing an additional 647 shares during the period. Tredje AP fonden’s holdings in Equinix were worth $3,780,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Atwood & Palmer Inc. purchased a new position in Equinix in the 1st quarter valued at $25,000. Princeton Global Asset Management LLC purchased a new position in Equinix in the 4th quarter valued at $26,000. Stonebridge Financial Planning Group LLC purchased a new position in Equinix in the 1st quarter valued at $28,000. Savior LLC acquired a new stake in shares of Equinix in the 4th quarter worth $32,000. Finally, Nvwm LLC acquired a new stake in shares of Equinix in the 1st quarter worth $32,000. Institutional investors own 93.99% of the company’s stock.

Equinix stock traded up $25.62 during midday trading on Friday, reaching $670.02. 498,695 shares of the stock traded hands, compared to its average volume of 619,200. The company has a 50-day simple moving average of $668.64 and a two-hundred day simple moving average of $604.02. Equinix Inc has a 12-month low of $471.80 and a 12-month high of $715.75. The firm has a market cap of $55.37 billion, a PE ratio of 112.80, a price-to-earnings-growth ratio of 1.41 and a beta of 0.43. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.44.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $5.40 by ($4.02). The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Equinix had a net margin of 9.00% and a return on equity of 5.80%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $5.95 earnings per share. Equities research analysts anticipate that Equinix Inc will post 21.81 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be paid a $2.66 dividend. This represents a $10.64 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, May 19th. Equinix’s payout ratio is presently 46.65%.

A number of brokerages have issued reports on EQIX. Citigroup raised their target price on Equinix from $710.00 to $754.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada raised their target price on Equinix from $688.00 to $706.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. ValuEngine raised Equinix from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Nomura Securities raised their price objective on Equinix from $625.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Raymond James downgraded Equinix from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, April 16th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $684.89.

In other news, CAO Simon Miller sold 299 shares of Equinix stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $568.52, for a total value of $169,987.48. Following the completion of the transaction, the chief accounting officer now owns 2,283 shares in the company, valued at approximately $1,297,931.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 1,363 shares of Equinix stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $672.47, for a total value of $916,576.61. Following the completion of the transaction, the insider now owns 19,626 shares of the company’s stock, valued at approximately $13,197,896.22. The disclosure for this sale can be found here. Insiders sold a total of 14,139 shares of company stock valued at $8,350,415 in the last quarter. Company insiders own 0.49% of the company’s stock.

Equinix Company 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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