New Mexico Educational Retirement Board raised its position in Equinix, Inc. (NASDAQ:EQIX) by 129.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,932 shares of the financial services provider’s stock after buying an additional 10,100 shares during the period. New Mexico Educational Retirement Board’s holdings in Equinix were worth $8,083,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asia Hong Kong Ltd raised its position 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 raised its position 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 worth $105,000 after buying an additional 217 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Equinix during the first quarter worth $112,000. Guardian Life Insurance Co. of America raised its position 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 worth $120,000 after buying an additional 27 shares in the last quarter. Finally, Smithfield Trust Co. raised its position in shares of 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 in the last quarter. 95.16% of the stock is currently owned by institutional investors.
Shares of Equinix, Inc. (NASDAQ:EQIX) traded down 0.34% during mid-day trading on Friday, reaching $450.00. The company had a trading volume of 520,694 shares. Equinix, Inc. has a 52-week low of $314.55 and a 52-week high of $459.00.
Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 EPS for the quarter, topping the consensus estimate of $3.41 by $1.18. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. Equinix had a net margin of 5.18% and a return on equity of 5.51%. On average, equities research analysts expect that Equinix, Inc. will post $3.90 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be issued a $2.00 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $8.00 annualized dividend and a yield of 1.78%. Equinix’s dividend payout ratio (DPR) is presently 293.04%.
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A number of research analysts have weighed in on EQIX shares. Canaccord Genuity reissued a “buy” rating and set a $465.00 price target on shares of Equinix in a research note on Thursday, April 27th. Citigroup Inc. increased their price target on Equinix from $435.00 to $462.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Stifel Nicolaus reissued a “buy” rating and set a $465.00 price target (up previously from $435.00) on shares of Equinix in a research note on Tuesday, April 25th. Nomura started coverage on Equinix in a research note on Thursday, May 25th. They set a “buy” rating and a $490.00 price target on the stock. Finally, Instinet restated a “buy” rating and set a $490.00 price objective on shares of Equinix in a report on Thursday, May 25th. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $464.78.
In other news, Director Camp Peter Van sold 4,444 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $445.81, for a total transaction of $1,981,179.64. Following the transaction, the director now owns 8,572 shares in the company, valued at approximately $3,821,483.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Yau Tat Lee sold 5,875 shares of the business’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 transaction, the insider now owns 5,485 shares in the company, valued at approximately $2,406,269.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,143 shares of company stock worth $9,703,456. Insiders own 0.58% of the company’s stock.
About Equinix
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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