LMR Partners LLP raised its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 421.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,164 shares of the financial services provider’s stock after buying an additional 32,455 shares during the period. Equinix makes up about 1.1% of LMR Partners LLP’s holdings, making the stock its 14th largest position. LMR Partners LLP’s holdings in Equinix were worth $17,237,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asia Hong Kong Ltd boosted its stake in 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 during the period. Proficio Capital Partners LLC boosted its stake in Equinix by 1,033.3% in the first quarter. Proficio Capital Partners LLC now owns 238 shares of the financial services provider’s stock worth $105,000 after buying an additional 217 shares during the period. Advisory Services Network LLC purchased a new stake in Equinix during the first quarter worth approximately $112,000. Guardian Life Insurance Co. of America boosted its stake in 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 worth $120,000 after buying an additional 27 shares during the period. Finally, Smithfield Trust Co. boosted its stake in Equinix by 19.1% in the second quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock worth $145,000 after buying an additional 54 shares during the period. 95.16% of the stock is currently owned by hedge funds and other institutional investors.
Equinix, Inc. (NASDAQ EQIX) opened at 438.39 on Monday. Equinix, Inc. has a 1-year low of $314.55 and a 1-year high of $459.00.
Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.41 by $1.18. Equinix had a return on equity of 5.51% and a net margin of 5.18%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. Equities research analysts anticipate that Equinix, Inc. will post $3.90 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be paid a $2.00 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $8.00 annualized dividend and a dividend yield of 1.82%. Equinix’s dividend payout ratio is presently 293.04%.
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EQIX has been the subject of a number of research reports. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $472.00 price objective (up previously from $440.00) on shares of Equinix in a research report on Thursday, May 4th. Royal Bank Of Canada reiterated a “buy” rating and set a $470.00 price objective on shares of Equinix in a research report on Wednesday, May 31st. Jefferies Group LLC upped their price objective on Equinix from $378.00 to $410.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Cowen and Company upped their price objective on Equinix from $453.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, April 28th. Finally, Credit Suisse Group initiated coverage on Equinix in a research report on Friday, June 30th. They set an “outperform” rating and a $510.00 price objective for the company. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $464.78.
In related news, Director Christopher B. Paisley sold 500 shares of Equinix stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $439.39, for a total value of $219,695.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Keith D. Taylor sold 1,000 shares of Equinix stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $440.99, for a total value of $440,990.00. Following the completion of the transaction, the chief financial officer now owns 36,296 shares of the company’s stock, valued at approximately $16,006,173.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,143 shares of company stock valued at $9,703,456. 0.58% of the stock is 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.
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