Gagnon Advisors LLC increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,573 shares of the financial services provider’s stock after buying an additional 35 shares during the period. Equinix comprises approximately 4.3% of Gagnon Advisors LLC’s investment portfolio, making the stock its 9th largest position. Gagnon Advisors LLC’s holdings in Equinix were worth $4,967,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of EQIX. Point72 Asia Hong Kong Ltd boosted its stake in shares of Equinix by 47.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 252 shares of the financial services provider’s stock worth $101,000 after buying an additional 81 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Equinix by 1,033.3% in the first quarter. Proficio Capital Partners LLC now owns 238 shares of the financial services provider’s stock valued at $105,000 after buying an additional 217 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Equinix during the first quarter valued at approximately $112,000. Guardian Life Insurance Co. of America boosted its stake in shares of Equinix by 9.9% in the first quarter. Guardian Life Insurance Co. of America now owns 300 shares of the financial services provider’s stock valued at $120,000 after buying an additional 27 shares during the period. Finally, Westside Investment Management Inc. boosted its stake in shares of Equinix by 31.9% in the first quarter. Westside Investment Management Inc. now owns 413 shares of the financial services provider’s stock valued at $165,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 95.31% of the company’s stock.
Equinix, Inc. (NASDAQ EQIX) opened at 441.53 on Wednesday. The firm has a market capitalization of $34.40 billion, a price-to-earnings ratio of 162.15 and a beta of 0.59. Equinix, Inc. has a one year low of $314.55 and a one year high of $459.00. The stock’s 50 day moving average price is $436.45 and its 200-day moving average price is $410.29.
Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.41 by $2.83. Equinix had a return on equity of 5.51% and a net margin of 5.18%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. On average, equities research analysts expect that Equinix, Inc. will post $4.03 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be given a $2.00 dividend. The ex-dividend date is Monday, August 21st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.81%. Equinix’s dividend payout ratio (DPR) is presently 293.04%.
ILLEGAL ACTIVITY NOTICE: This news story was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/08/09/gagnon-advisors-llc-has-4-97-million-stake-in-equinix-inc-nasdaqeqix-updated-updated.html.
Several equities research analysts have commented on the stock. Canaccord Genuity reiterated a “buy” rating and issued a $465.00 price target on shares of Equinix in a research report on Thursday, April 27th. Stifel Nicolaus restated a “buy” rating and set a $497.00 price objective (up previously from $485.00) on shares of Equinix in a report on Thursday, August 3rd. BidaskClub upgraded Equinix from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Morgan Stanley restated an “equal weight” rating and set a $409.00 price objective (up previously from $374.00) on shares of Equinix in a report on Wednesday, May 17th. Finally, FBN Securities lifted their target price on Equinix from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, May 1st. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Equinix currently has a consensus rating of “Buy” and an average price target of $464.78.
In other Equinix news, insider Yau Tat Lee sold 5,875 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $438.70, for a total transaction of $2,577,362.50. Following the sale, the insider now owns 5,485 shares in the company, valued at $2,406,269.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher B. Paisley sold 500 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $439.39, for a total value of $219,695.00. The disclosure for this sale can be found here. Insiders sold 22,143 shares of company stock worth $9,703,456 in the last quarter. 0.58% of the stock is currently owned by company insiders.
Equinix Company Profile
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.
Receive News & Ratings for Equinix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
