Equinix, Inc. (NASDAQ:EQIX) – Investment analysts at Oppenheimer Holdings issued their FY2019 earnings estimates for shares of Equinix in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst T. Horan anticipates that the financial services provider will earn $21.45 per share for the year. Oppenheimer Holdings currently has a “Outperform” rating and a $472.00 price target on the stock.

EQIX has been the subject of several other reports. Mitsubishi UFJ Financial Group started coverage on shares of Equinix in a research report on Tuesday, April 25th. They set an “overweight” rating and a $433.00 price objective for the company. Zacks Investment Research downgraded shares of Equinix from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Cowen and Company raised their price objective on shares of Equinix from $453.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Jefferies Group LLC raised their price objective on shares of Equinix from $378.00 to $410.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $465.00 target price (up from $435.00) on shares of Equinix in a report on Tuesday, April 25th. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $464.78.

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Shares of Equinix (NASDAQ:EQIX) opened at 445.98 on Monday. Equinix has a 1-year low of $314.55 and a 1-year high of $455.37. The firm has a market cap of $34.75 billion, a P/E ratio of 163.78 and a beta of 0.59.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by $2.83. Equinix had a net margin of 5.18% and a return on equity of 5.51%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion.

A number of hedge funds have recently modified their holdings of EQIX. Vanguard Group Inc. raised its stake in shares of Equinix by 9.9% in the first quarter. Vanguard Group Inc. now owns 13,186,442 shares of the financial services provider’s stock worth $5,279,456,000 after buying an additional 1,192,961 shares in the last quarter. BlackRock Inc. raised its stake in shares of Equinix by 3,737.0% in the first quarter. BlackRock Inc. now owns 6,295,590 shares of the financial services provider’s stock worth $2,520,566,000 after buying an additional 6,131,516 shares in the last quarter. State Street Corp raised its stake in shares of Equinix by 5.2% in the first quarter. State Street Corp now owns 3,007,201 shares of the financial services provider’s stock worth $1,204,001,000 after buying an additional 149,260 shares in the last quarter. FMR LLC raised its stake in shares of Equinix by 6.1% in the first quarter. FMR LLC now owns 2,727,291 shares of the financial services provider’s stock worth $1,091,925,000 after buying an additional 155,793 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Equinix by 5.6% in the first quarter. Principal Financial Group Inc. now owns 1,909,287 shares of the financial services provider’s stock worth $763,459,000 after buying an additional 102,082 shares in the last quarter. Hedge funds and other institutional investors own 95.31% of the company’s stock.

In related news, CEO Stephen M. Smith sold 5,348 shares of Equinix stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $432.60, for a total value of $2,313,544.80. Following the transaction, the chief executive officer now directly owns 18,967 shares of the company’s stock, valued at $8,205,124.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Keith D. Taylor sold 1,000 shares of Equinix stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 32,996 shares in the company, valued at $14,390,215.52. The disclosure for this sale can be found here. Insiders sold 17,699 shares of company stock worth $7,722,276 over the last three months. 0.58% of the stock is currently owned by insiders.

The company also recently disclosed 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 is Monday, August 21st. This represents a $8.00 dividend on an annualized basis and a yield of 1.80%. Equinix’s dividend payout ratio (DPR) is 293.04%.

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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