Equinix, Inc. (NASDAQ:EQIX) CFO Keith D. Taylor sold 1,000 shares of Equinix stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $436.12, for a total transaction of $436,120.00. Following the transaction, the chief financial officer now owns 32,996 shares in the company, valued at approximately $14,390,215.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Equinix, Inc. (NASDAQ EQIX) traded up 0.51% during midday trading on Wednesday, reaching $440.50. 383,528 shares of the company were exchanged. Equinix, Inc. has a 52 week low of $314.55 and a 52 week high of $447.26.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.20 by $0.94. The business had revenue of $949.53 million during the quarter, compared to the consensus estimate of $946.89 million. Equinix had a net margin of 5.38% and a return on equity of 5.88%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 EPS. Equities analysts anticipate that Equinix, Inc. will post $4.50 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 21st. Stockholders of record on Wednesday, May 24th were given a dividend of $2.00 per share. The ex-dividend date was Monday, May 22nd. This represents a $8.00 annualized dividend and a dividend yield of 1.82%. Equinix’s dividend payout ratio is presently 286.74%.

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Hedge funds have recently added to or reduced their stakes in the stock. Cpcm LLC increased its stake in Equinix by 0.4% in the first quarter. Cpcm LLC now owns 1,255 shares of the financial services provider’s stock valued at $502,000 after buying an additional 5 shares during the period. Quadrant Capital Group LLC increased its stake in Equinix by 1.0% in the first quarter. Quadrant Capital Group LLC now owns 616 shares of the financial services provider’s stock valued at $237,000 after buying an additional 6 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in Equinix by 2.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 593 shares of the financial services provider’s stock valued at $237,000 after buying an additional 12 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in Equinix by 3.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 650 shares of the financial services provider’s stock valued at $260,000 after buying an additional 20 shares during the period. Finally, Keybank National Association OH increased its stake in Equinix by 1.8% in the first quarter. Keybank National Association OH now owns 1,554 shares of the financial services provider’s stock valued at $622,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 97.36% of the company’s stock.

EQIX has been the topic of a number of analyst reports. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $472.00 target price (up previously from $440.00) on shares of Equinix in a research note on Thursday, May 4th. Royal Bank Of Canada restated a “buy” rating and set a $470.00 target price on shares of Equinix in a research note on Wednesday, May 31st. Jefferies Group LLC lifted their target price on shares of Equinix from $378.00 to $410.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Cowen and Company boosted their price target on shares of Equinix from $453.00 to $465.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. Finally, Credit Suisse Group started coverage on shares of Equinix in a research note on Friday, June 30th. They issued an “outperform” rating and a $510.00 price target on the stock. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $455.89.

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.

Insider Buying and Selling by Quarter for Equinix (NASDAQ:EQIX)

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