2 weeks Ago By ABMN Staff
Duff & Phelps Investment Management Co. boosted its stake in Equinix, Inc. ( NASDAQ:EQIX – Free Report ) by 25.
9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 369,437 shares of the financial services provider’s stock after purchasing an additional 75,888 shares during the quarter. Equinix comprises about 3.
6% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 2nd largest holding. Duff & Phelps Investment Management Co.
owned about 0.39% of Equinix worth $279,516,000 as of its most recent filing with the Securities and Exchange Commission. Several other hedge funds have also recently added to or reduced their stakes in the stock.
Vanguard Group Inc. grew its holdings in shares of Equinix by 1.9% in the 1st quarter.
Vanguard Group Inc. now owns 12,503,989 shares of the financial services provider’s stock valued at $10,319,917,000 after buying an additional 238,815 shares during the period. Cohen & Steers Inc.
lifted its holdings in Equinix by 0.5% during the fourth quarter. Cohen & Steers Inc.
now owns 2,591,270 shares of the financial services provider’s stock worth $2,087,096,000 after acquiring an additional 13,988 shares in the last quarter. Principal Financial Group Inc. grew its stake in Equinix by 14.
5% in the second quarter. Principal Financial Group Inc. now owns 1,888,191 shares of the financial services provider’s stock valued at $1,428,606,000 after acquiring an additional 238,883 shares during the period.
Price T Rowe Associates Inc. MD increased its holdings in shares of Equinix by 3.6% in the first quarter.
Price T Rowe Associates Inc. MD now owns 1,391,567 shares of the financial services provider’s stock worth $1,148,504,000 after acquiring an additional 47,795 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Equinix by 1.
5% during the second quarter. Dimensional Fund Advisors LP now owns 1,333,992 shares of the financial services provider’s stock worth $1,009,293,000 after purchasing an additional 19,844 shares during the period. Institutional investors and hedge funds own 94.
94% of the company’s stock. Insider Buying and Selling In other Equinix news, insider Brandi Galvin Morandi sold 864 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $850.
00, for a total transaction of $734,400.00. Following the completion of the sale, the insider now owns 9,094 shares of the company’s stock, valued at approximately $7,729,900.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . In other news, Chairman Charles J. Meyers sold 6,234 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th.
The stock was sold at an average price of $823.97, for a total value of $5,136,628.98.
Following the transaction, the chairman now owns 7,680 shares of the company’s stock, valued at $6,328,089.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .
Also, insider Brandi Galvin Morandi sold 864 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total value of $734,400.
00. Following the completion of the sale, the insider now owns 9,094 shares of the company’s stock, valued at $7,729,900. The disclosure for this sale can be found here .
In the last three months, insiders have sold 10,043 shares of company stock valued at $8,282,119. 0.27% of the stock is owned by insiders.
Equinix Price Performance Equinix ( NASDAQ:EQIX – Get Free Report ) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.
88 by ($4.72). Equinix had a net margin of 12.
24% and a return on equity of 8.46%. The firm had revenue of $2.
16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the company posted $8.
04 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year.
On average, research analysts forecast that Equinix, Inc. will post 31.01 earnings per share for the current fiscal year.
Equinix Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, August 21st were paid a dividend of $4.26 per share.
The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $17.04 annualized dividend and a dividend yield of 1.
93%. Equinix’s dividend payout ratio is currently 170.91%.
Analysts Set New Price Targets A number of analysts recently issued reports on EQIX shares. Deutsche Bank Aktiengesellschaft increased their target price on Equinix from $880.00 to $910.
00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. The Goldman Sachs Group increased their price objective on shares of Equinix from $870.00 to $980.
00 and gave the stock a “buy” rating in a research report on Thursday. Truist Financial boosted their price objective on shares of Equinix from $915.00 to $935.
00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Cfra reiterated a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. Finally, TD Cowen boosted their price target on Equinix from $859.
00 to $865.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company.
According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $891.57. Check Out Our Latest Stock Report on Equinix Equinix Profile ( Free Report ) Equinix (Nasdaq: EQIX) is the world's digital infrastructure company .
Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals. Read More 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 – Free Report ). 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.
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