800 Shares in Equinix Inc (NASDAQ:EQIX) Purchased by Supplemental Annuity Collective Trust of NJ

Supplemental Annuity Collective Trust of NJ purchased a new position in shares of Equinix Inc (NASDAQ:EQIX) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 800 shares of the financial services provider’s stock, valued at approximately $461,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in Equinix in the 2nd quarter valued at approximately $26,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in Equinix in the 2nd quarter valued at approximately $26,000. Carroll Financial Associates Inc. boosted its holdings in Equinix by 63.6% in the 2nd quarter. Carroll Financial Associates Inc. now owns 54 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 21 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Equinix in the 2nd quarter valued at approximately $29,000. Finally, Berman Capital Advisors LLC boosted its holdings in Equinix by 44.9% in the 2nd quarter. Berman Capital Advisors LLC now owns 71 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 22 shares in the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of EQIX stock traded up $4.57 during midday trading on Friday, reaching $576.41. 202,264 shares of the company traded hands, compared to its average volume of 370,260. The firm’s 50 day simple moving average is $563.58 and its two-hundred day simple moving average is $514.57. Equinix Inc has a 1-year low of $335.29 and a 1-year high of $609.97. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market cap of $46.24 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 1.90 and a beta of 0.69.

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

In related news, insider Michael Earl Campbell sold 1,000 shares of Equinix stock in a transaction that occurred on 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 in the company, valued at approximately $1,129,912.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Simon Miller sold 385 shares of Equinix stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $516.27, for a total value of $198,763.95. Following the transaction, the chief accounting officer now owns 689 shares of the company’s stock, valued at $355,710.03. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,409 shares of company stock valued at $6,727,033. Insiders own 0.49% of the company’s stock.

EQIX has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on Equinix from $550.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. UBS Group lifted their price objective on 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 Equinix from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Nomura lifted their price objective on Equinix from $575.00 to $625.00 and gave the company a “buy” rating in a report on Friday. Finally, Mitsubishi UFJ Financial Group initiated coverage on Equinix in a report on Tuesday, September 10th. They issued an “overweight” rating and a $605.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Equinix has an average rating of “Buy” and a consensus price target of $539.15.

Equinix 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.

Further Reading: Trading Strategy

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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