1st Global Advisors Inc. Has $1.60 Million Stake in Equinix, Inc. (EQIX)

1st Global Advisors Inc. lifted its position in Equinix, Inc. (NASDAQ:EQIX) by 8.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,720 shares of the financial services provider’s stock after purchasing an additional 304 shares during the period. 1st Global Advisors Inc.’s holdings in Equinix were worth $1,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cpcm LLC increased its stake in shares of Equinix by 0.4% in the first quarter. Cpcm LLC now owns 1,255 shares of the financial services provider’s stock worth $502,000 after purchasing an additional 5 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of Equinix by 2.9% in the second quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 7 shares in the last quarter. Conning Inc. increased its stake in shares of Equinix by 0.6% in the second quarter. Conning Inc. now owns 1,550 shares of the financial services provider’s stock worth $665,000 after purchasing an additional 10 shares in the last quarter. New Amsterdam Partners LLC NY increased its stake in shares of Equinix by 2.7% in the second quarter. New Amsterdam Partners LLC NY now owns 571 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 15 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of 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 worth $260,000 after purchasing an additional 20 shares in the last quarter. 94.41% of the stock is owned by hedge funds and other institutional investors.

Equinix, Inc. (EQIX) traded down 0.44% during trading on Friday, reaching $462.67. 69,498 shares of the company’s stock traded hands. The company has a 50-day moving average price of $454.80 and a 200 day moving average price of $435.26. Equinix, Inc. has a one year low of $314.55 and a one year high of $475.28. The firm has a market capitalization of $36.06 billion, a PE ratio of 169.91 and a beta of 0.55.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $4.59 earnings per share for the quarter, beating the consensus estimate of $3.41 by $1.18. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Equinix had a net margin of 5.18% and a return on equity of 5.51%. On average, analysts anticipate that Equinix, Inc. will post $3.81 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd were given a dividend of $2.00 per share. The ex-dividend date was Monday, August 21st. This represents a $8.00 annualized dividend and a dividend yield of 1.72%. Equinix’s payout ratio is 293.04%.

In other news, CFO Keith D. Taylor sold 1,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $14,390,215.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Karl Strohmeyer sold 250 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $464.96, for a total transaction of $116,240.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,711 shares of company stock worth $4,813,045. Corporate insiders own 0.58% of the company’s stock.

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A number of brokerages have recently issued reports on EQIX. Stifel Nicolaus reissued a “buy” rating and issued a $497.00 price objective (up from $485.00) on shares of Equinix in a research note on Thursday, August 3rd. BidaskClub raised shares of Equinix from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and set a $440.00 target price on shares of Equinix in a research report on Thursday. Barclays PLC restated an “equal weight” rating and set a $475.00 target price (up previously from $410.00) on shares of Equinix in a research report on Wednesday, August 9th. Finally, Berenberg Bank began coverage on shares of Equinix in a research report on Tuesday, September 26th. They set a “buy” rating and a $550.00 target price for the company. Four investment 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 company’s stock. Equinix currently has an average rating of “Buy” and a consensus target price 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.

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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