Hartford Investment Management Co. raised its holdings in Equinix Inc (NASDAQ:EQIX) by 2.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,980 shares of the financial services provider’s stock after purchasing an additional 196 shares during the quarter. Hartford Investment Management Co.’s holdings in Equinix were worth $4,069,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of EQIX. Norges Bank acquired a new position in Equinix during the 4th quarter worth $373,709,000. Daiwa Securities Group Inc. lifted its holdings in Equinix by 23.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,314,451 shares of the financial services provider’s stock worth $595,656,000 after buying an additional 250,921 shares during the last quarter. Cohen & Steers Inc. lifted its holdings in Equinix by 7.4% during the 4th quarter. Cohen & Steers Inc. now owns 3,161,793 shares of the financial services provider’s stock worth $1,114,722,000 after buying an additional 218,971 shares during the last quarter. Northern Trust Corp lifted its holdings in Equinix by 19.7% during the 4th quarter. Northern Trust Corp now owns 1,116,449 shares of the financial services provider’s stock worth $393,617,000 after buying an additional 183,479 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in Equinix by 78.8% during the 4th quarter. 1832 Asset Management L.P. now owns 327,280 shares of the financial services provider’s stock worth $115,308,000 after buying an additional 144,275 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.
NASDAQ:EQIX traded up $9.54 during trading hours on Wednesday, reaching $493.99. 290,727 shares of the company traded hands, compared to its average volume of 522,430. The stock has a market cap of $39.64 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.70 and a beta of 0.89. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.56 and a current ratio of 1.56. Equinix Inc has a 1-year low of $335.29 and a 1-year high of $494.62.
Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $5.16 by ($3.72). Equinix had a net margin of 8.06% and a return on equity of 5.66%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the company posted $5.21 EPS. Equinix’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, equities research analysts predict that Equinix Inc will post 20.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd will be paid a dividend of $2.46 per share. This represents a $9.84 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Tuesday, May 21st. Equinix’s dividend payout ratio is presently 47.56%.
EQIX has been the subject of several research reports. BidaskClub raised Equinix from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Citigroup boosted their target price on Equinix from $481.00 to $482.00 and gave the company a “buy” rating in a report on Friday, March 1st. Nomura upped their price objective on Equinix from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, March 29th. UBS Group upped their price objective on Equinix from $500.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, Deutsche Bank upped their price objective on Equinix from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $501.44.
In related news, CEO Charles J. Meyers sold 1,643 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $426.61, for a total value of $700,920.23. Following the transaction, the chief executive officer now directly owns 7,332 shares of the company’s stock, valued at approximately $3,127,904.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Keith D. Taylor sold 1,714 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $426.49, for a total value of $731,003.86. Following the completion of the transaction, the chief financial officer now directly owns 27,459 shares in the company, valued at $11,710,988.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,934 shares of company stock worth $4,850,550. Corporate insiders own 0.49% of the company’s stock.
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.
Featured Story: Derivative
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.com's FREE daily email newsletter.