Equinix, Inc. (NASDAQ:EQIX) Holdings Reduced by Shell Asset Management Co.

Shell Asset Management Co. decreased its position in Equinix, Inc. (NASDAQ:EQIXGet Rating) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,523 shares of the financial services provider’s stock after selling 65 shares during the period. Shell Asset Management Co.’s holdings in Equinix were worth $6,363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Lincoln National Corp boosted its holdings in shares of Equinix by 1.1% in the third quarter. Lincoln National Corp now owns 1,189 shares of the financial services provider’s stock valued at $939,000 after acquiring an additional 13 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Equinix by 0.8% in the third quarter. Advisory Services Network LLC now owns 1,585 shares of the financial services provider’s stock valued at $1,253,000 after acquiring an additional 13 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of Equinix by 1.6% in the third quarter. Checchi Capital Advisers LLC now owns 884 shares of the financial services provider’s stock valued at $698,000 after acquiring an additional 14 shares in the last quarter. PFG Advisors boosted its holdings in shares of Equinix by 1.1% in the fourth quarter. PFG Advisors now owns 1,412 shares of the financial services provider’s stock valued at $1,194,000 after acquiring an additional 15 shares in the last quarter. Finally, Veracity Capital LLC boosted its holdings in shares of Equinix by 5.0% in the fourth quarter. Veracity Capital LLC now owns 338 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 94.40% of the company’s stock.

In other news, CEO Charles J. Meyers sold 60 shares of the stock in a transaction on Monday, February 14th. The shares were sold at an average price of $666.89, for a total transaction of $40,013.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 50 shares of the stock in a transaction on Wednesday, February 16th. The stock was sold at an average price of $677.64, for a total transaction of $33,882.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,054 shares of company stock worth $11,094,164. 13.20% of the stock is currently owned by company insiders.

EQIX stock traded down $37.37 during midday trading on Friday, reaching $719.08. The company had a trading volume of 649,005 shares, compared to its average volume of 350,678. Equinix, Inc. has a 1 year low of $662.26 and a 1 year high of $885.26. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $65.44 billion, a P/E ratio of 132.67, a PEG ratio of 3.11 and a beta of 0.46. The company has a 50 day moving average of $728.12 and a two-hundred day moving average of $759.18.

Equinix (NASDAQ:EQIXGet Rating) last released its earnings results on Wednesday, April 27th. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.46 by ($4.84). Equinix had a return on equity of 4.59% and a net margin of 7.25%. During the same quarter in the previous year, the company posted $6.98 earnings per share. On average, sell-side analysts anticipate that Equinix, Inc. will post 25.97 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, May 18th will be paid a dividend of $3.10 per share. The ex-dividend date of this dividend is Tuesday, May 17th. This represents a $12.40 annualized dividend and a dividend yield of 1.72%. Equinix’s dividend payout ratio (DPR) is 228.78%.

A number of analysts recently weighed in on the stock. Credit Suisse Group raised their target price on shares of Equinix from $673.00 to $714.00 and gave the stock a “neutral” rating in a report on Monday, April 25th. Cowen raised their target price on shares of Equinix from $880.00 to $890.00 and gave the stock a “market perform” rating in a report on Thursday, February 17th. Barclays reduced their target price on shares of Equinix from $829.00 to $815.00 in a report on Thursday, February 17th. Argus reduced their target price on shares of Equinix from $900.00 to $875.00 in a report on Monday, March 7th. Finally, Jefferies Financial Group cut shares of Equinix from a “buy” rating to a “hold” rating and reduced their target price for the stock from $970.00 to $840.00 in a report on Monday, January 10th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $852.59.

About Equinix (Get Rating)

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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