Equinix Inc (NASDAQ:EQIX) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in Equinix Inc (NASDAQ:EQIX) by 295.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,918 shares of the financial services provider’s stock after purchasing an additional 11,891 shares during the period. SG Americas Securities LLC’s holdings in Equinix were worth $8,027,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in EQIX. BlackRock Inc. grew its holdings in shares of Equinix by 10.6% in 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 purchasing an additional 632,328 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Equinix by 23.6% in 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 purchasing an additional 250,921 shares in the last quarter. Pictet Asset Management Ltd. grew its holdings in shares of Equinix by 24.2% in the first quarter. Pictet Asset Management Ltd. now owns 628,200 shares of the financial services provider’s stock valued at $284,675,000 after purchasing an additional 122,286 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Equinix by 10.2% in 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 purchasing an additional 112,564 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Equinix by 11.7% in the first quarter. American Century Companies Inc. now owns 1,046,494 shares of the financial services provider’s stock valued at $474,229,000 after purchasing an additional 109,404 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

A number of research analysts recently weighed in on EQIX shares. Argus started coverage on shares of Equinix in a report on Monday, June 3rd. They issued a “buy” rating and a $550.00 price objective for the company. UBS Group lifted their price objective on shares of Equinix from $510.00 to $560.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Oppenheimer lifted their price objective on shares of Equinix from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. BidaskClub upgraded shares of Equinix from a “hold” rating to a “buy” rating in a report on Thursday. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $520.00 price target on shares of Equinix in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Equinix has a consensus rating of “Buy” and an average price target of $527.21.

Equinix stock traded up $3.18 during trading on Friday, reaching $552.42. The stock had a trading volume of 491,185 shares, compared to its average volume of 397,802. The stock has a market capitalization of $44.67 billion, a PE ratio of 26.70, a PEG ratio of 1.77 and a beta of 0.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.59. Equinix Inc has a 52-week low of $335.29 and a 52-week high of $553.52. The firm has a 50 day moving average of $511.97.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.69 earnings per share for the quarter, missing the consensus estimate of $5.14 by ($3.45). The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Equinix had a return on equity of 6.29% and a net margin of 9.29%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.63 EPS. As a group, sell-side analysts expect that Equinix Inc will post 20.7 EPS for the current fiscal year.

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

In other news, Director Christopher B. Paisley sold 200 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $487.88, for a total transaction of $97,576.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Earl Campbell sold 250 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $525.00, for a total transaction of $131,250.00. Following the sale, the insider now owns 2,078 shares of the company’s stock, valued at approximately $1,090,950. The disclosure for this sale can be found here. Insiders have sold a total of 7,045 shares of company stock valued at $3,605,210 in the last 90 days. Insiders own 0.49% of the company’s stock.

About Equinix

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.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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