Michael Earl Campbell Sells 1,000 Shares of Equinix Inc (NASDAQ:EQIX) Stock

Equinix Inc (NASDAQ:EQIX) insider Michael Earl Campbell sold 1,000 shares of Equinix stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $543.75, for a total transaction of $543,750.00. Following the completion of the transaction, the insider now directly owns 2,078 shares of the company’s stock, valued at $1,129,912.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, August 7th, Michael Earl Campbell sold 250 shares of Equinix stock. The stock was sold at an average price of $525.00, for a total transaction of $131,250.00.
  • On Thursday, May 16th, Michael Earl Campbell sold 1,000 shares of Equinix stock. The stock was sold at an average price of $491.62, for a total transaction of $491,620.00.
  • On Monday, May 20th, Michael Earl Campbell sold 1,250 shares of Equinix stock. The stock was sold at an average price of $490.87, for a total transaction of $613,587.50.

Shares of NASDAQ EQIX opened at $552.42 on Friday. The firm’s 50 day simple moving average is $511.97. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.59 and a quick ratio of 1.56. The company has a market capitalization of $44.67 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 1.77 and a beta of 0.73. Equinix Inc has a 12-month low of $335.29 and a 12-month high of $553.52.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.14 by ($3.45). The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. Equinix had a net margin of 9.29% and a return on equity of 6.29%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.63 earnings per share. Analysts predict that Equinix Inc will post 20.7 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st will be given a dividend of $2.46 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $9.84 annualized dividend and a yield of 1.78%. Equinix’s dividend payout ratio (DPR) is 47.56%.

A number of brokerages have recently commented on EQIX. Wells Fargo & Co lifted their price target on shares of Equinix from $500.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Credit Suisse Group set a $556.00 price target on shares of Equinix and gave the stock a “buy” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. lifted their price target on shares of Equinix from $524.00 to $580.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Deutsche Bank lifted their price target on shares of Equinix from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, Oppenheimer lifted their price target on shares of Equinix from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $527.21.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in Equinix by 10.6% during the first quarter. BlackRock Inc. now owns 6,584,484 shares of the financial services provider’s stock valued at $2,983,823,000 after buying an additional 632,328 shares during the period. FMR LLC grew its position in Equinix by 3.3% during the first quarter. FMR LLC now owns 2,656,695 shares of the financial services provider’s stock valued at $1,203,908,000 after buying an additional 85,143 shares during the period. Daiwa Securities Group Inc. grew its position in Equinix by 23.6% during the first quarter. Daiwa Securities Group Inc. now owns 1,314,451 shares of the financial services provider’s stock valued at $595,656,000 after buying an additional 250,921 shares during the period. Clearbridge Investments LLC grew its position in Equinix by 10.2% during the first quarter. Clearbridge Investments LLC now owns 1,219,458 shares of the financial services provider’s stock valued at $552,610,000 after buying an additional 112,564 shares during the period. Finally, Northern Trust Corp grew its position in Equinix by 7.2% during the first quarter. Northern Trust Corp now owns 1,197,068 shares of the financial services provider’s stock valued at $542,463,000 after buying an additional 80,619 shares during the period. Institutional investors own 98.03% of the company’s stock.

Equinix Company Profile

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

Read More: Stock Symbols, CUSIP and Other Stock Identifiers

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

Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.