Equinix, Inc. (NASDAQ:EQIX) insider Michael Earl Campbell sold 200 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $463.61, for a total transaction of $92,722.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Michael Earl Campbell also recently made the following trade(s):

  • On Tuesday, September 5th, Michael Earl Campbell sold 1,427 shares of Equinix stock. The shares were sold at an average price of $459.75, for a total transaction of $656,063.25.

Shares of Equinix, Inc. (NASDAQ EQIX) traded up 0.05% on Tuesday, hitting $461.58. 278,959 shares of the stock were exchanged. Equinix, Inc. has a one year low of $314.55 and a one year high of $475.28.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 EPS for the quarter, beating the consensus estimate of $3.41 by $1.18. Equinix had a net margin of 5.18% and a return on equity of 5.51%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. Equities analysts anticipate that Equinix, Inc. will post $3.81 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, August 21st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.73%. Equinix’s dividend payout ratio is currently 293.04%.

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Hedge funds have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL acquired a new stake in shares of Equinix during the first quarter valued at approximately $3,723,000. Nicholas Company Inc. acquired a new stake in shares of Equinix during the second quarter valued at approximately $3,201,000. Ameriprise Financial Inc. raised its holdings in shares of Equinix by 7.8% during the second quarter. Ameriprise Financial Inc. now owns 610,357 shares of the financial services provider’s stock valued at $261,747,000 after acquiring an additional 43,933 shares during the period. Prudential Financial Inc. raised its holdings in shares of Equinix by 1.1% during the second quarter. Prudential Financial Inc. now owns 110,757 shares of the financial services provider’s stock valued at $47,532,000 after acquiring an additional 1,185 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Equinix by 12.7% during the second quarter. Wells Fargo & Company MN now owns 431,880 shares of the financial services provider’s stock valued at $185,345,000 after acquiring an additional 48,560 shares during the period. Institutional investors and hedge funds own 96.44% of the company’s stock.

EQIX has been the subject of a number of research analyst reports. Credit Suisse Group initiated coverage on shares of Equinix in a report on Friday, June 30th. They issued an “outperform” rating and a $510.00 target price for the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $440.00 target price on shares of Equinix in a report on Thursday, October 12th. BidaskClub raised shares of Equinix from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Cowen and Company reaffirmed an “outperform” rating and issued a $482.00 target price (up from $465.00) on shares of Equinix in a report on Thursday, August 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $497.00 target price (up from $485.00) on shares of Equinix in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $471.94.

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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