Equinix, Inc. (NASDAQ:EQIX - Get Free Report) insider Kurt Pletcher sold 127 shares of Equinix stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total value of $111,467.90. Following the transaction, the insider now directly owns 1,842 shares in the company, valued at approximately $1,616,723.40. The trade was a 6.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Kurt Pletcher also recently made the following trade(s):
- On Tuesday, February 18th, Kurt Pletcher sold 215 shares of Equinix stock. The shares were sold at an average price of $929.73, for a total value of $199,891.95.
Equinix Stock Performance
EQIX opened at $860.23 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The business's 50 day moving average is $825.93 and its 200-day moving average is $894.18. The stock has a market cap of $84.15 billion, a PE ratio of 100.61, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.
Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share for the quarter, topping the consensus estimate of $9.01 by $0.66. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.23 billion. Equinix had a return on equity of 6.31% and a net margin of 9.32%. The company's revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $8.86 EPS. On average, analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.
Equinix Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st will be issued a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Wednesday, May 21st. Equinix's dividend payout ratio is presently 195.01%.
Analyst Upgrades and Downgrades
Several analysts have commented on EQIX shares. JMP Securities restated a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday, May 1st. Citizens Jmp upgraded shares of Equinix to a "strong-buy" rating in a research note on Monday, January 27th. BMO Capital Markets cut their price target on Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Cfra Research upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 28th. Finally, Scotiabank lowered their target price on shares of Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and six have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $1,005.11.
View Our Latest Stock Analysis on EQIX
Institutional Trading of Equinix
A number of institutional investors and hedge funds have recently modified their holdings of the company. Pinney & Scofield Inc. acquired a new position in shares of Equinix in the fourth quarter valued at $28,000. Kestra Investment Management LLC acquired a new position in Equinix during the 4th quarter worth $31,000. Whipplewood Advisors LLC lifted its position in Equinix by 127.8% during the 1st quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 23 shares during the period. Cornerstone Planning Group LLC raised its position in shares of Equinix by 40.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 12 shares during the last quarter. Finally, Pacific Center for Financial Services increased its stake in shares of Equinix by 65.2% in the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 15 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.
About Equinix
(
Get Free Report)
Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.
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