Equinix, Inc. (EQIX) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,234 shares of the financial services provider’s stock after selling 9,120 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Equinix were worth $64,045,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EQIX. Point72 Asia Hong Kong Ltd boosted its position in shares of Equinix by 47.4% during the first quarter. Point72 Asia Hong Kong Ltd now owns 252 shares of the financial services provider’s stock worth $101,000 after buying an additional 81 shares during the period. Proficio Capital Partners LLC boosted its position in shares of Equinix by 1,033.3% during the first quarter. Proficio Capital Partners LLC now owns 238 shares of the financial services provider’s stock worth $105,000 after buying an additional 217 shares during the period. Guardian Life Insurance Co. of America boosted its position in shares of Equinix by 9.9% during the first quarter. Guardian Life Insurance Co. of America now owns 300 shares of the financial services provider’s stock worth $120,000 after buying an additional 27 shares during the period. San Francisco Sentry Investment Group CA purchased a new position in shares of Equinix during the second quarter worth $127,000. Finally, Smithfield Trust Co. boosted its position in shares of Equinix by 19.1% during the second quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock worth $145,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 94.41% of the company’s stock.

In related news, Director Camp Peter Van sold 4,444 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $445.81, for a total transaction of $1,981,179.64. Following the completion of the sale, the director now directly owns 8,572 shares of the company’s stock, valued at approximately $3,821,483.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Karl Strohmeyer sold 250 shares of the company’s stock in a transaction on Friday, August 25th. The stock was 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. Over the last ninety days, insiders have sold 10,711 shares of company stock valued at $4,813,045. 0.58% of the stock is owned by corporate insiders.

Equinix, Inc. (NASDAQ EQIX) traded up 1.77% on Wednesday, reaching $459.88. The company had a trading volume of 38,766 shares. Equinix, Inc. has a 52-week low of $314.55 and a 52-week high of $475.28. The firm has a market capitalization of $35.85 billion, a price-to-earnings ratio of 168.89 and a beta of 0.55. The stock’s 50-day moving average price is $454.64 and its 200 day moving average price is $434.87.

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, topping analysts’ consensus estimates of $3.41 by $1.18. Equinix had a net margin of 5.18% and a return on equity of 5.51%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. On average, equities analysts anticipate that Equinix, Inc. will post $3.83 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, August 21st. This represents a $8.00 dividend on an annualized basis and a yield of 1.77%. Equinix’s dividend payout ratio (DPR) is 293.04%.

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Several research analysts have recently commented on the company. Stifel Nicolaus restated a “buy” rating and set a $497.00 price target (up from $485.00) on shares of Equinix in a research report on Thursday, August 3rd. BidaskClub upgraded Equinix from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Barclays PLC restated an “equal weight” rating and set a $475.00 price target (up from $410.00) on shares of Equinix in a research report on Wednesday, August 9th. Berenberg Bank assumed coverage on Equinix in a research report on Tuesday, September 26th. They set a “buy” rating and a $550.00 price target for the company. Finally, Royal Bank Of Canada restated a “buy” rating and set a $470.00 price target on shares of Equinix in a research report on Sunday, July 9th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $470.28.

Equinix 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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