Michael Earl Campbell Sells 200 Shares of Equinix, Inc. (EQIX) Stock
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%.
COPYRIGHT VIOLATION NOTICE: “Michael Earl Campbell Sells 200 Shares of Equinix, Inc. (EQIX) Stock” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/17/michael-earl-campbell-sells-200-shares-of-equinix-inc-eqix-stock.html.
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.
Receive News & Ratings for Equinix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.