AGF Investments Inc. reduced its stake in Equinix Inc (NASDAQ:EQIX) by 13.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,713 shares of the financial services provider’s stock after selling 732 shares during the period. AGF Investments Inc.’s holdings in Equinix were worth $2,040,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Bridgeworth LLC bought a new stake in Equinix in the second quarter worth $100,000. We Are One Seven LLC bought a new stake in Equinix in the third quarter worth $204,000. First Allied Advisory Services Inc. bought a new stake in Equinix in the second quarter worth $206,000. Park Avenue Securities LLC bought a new stake in Equinix in the second quarter worth $214,000. Finally, Greenleaf Trust bought a new position in shares of Equinix during the third quarter valued at $226,000. 99.50% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Michael Earl Campbell sold 1,500 shares of the stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $395.00, for a total transaction of $592,500.00. Following the completion of the sale, the insider now owns 1,388 shares in the company, valued at $548,260. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Yau Tat Lee sold 2,792 shares of the stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $382.86, for a total value of $1,068,945.12. Following the sale, the insider now owns 2,182 shares of the company’s stock, valued at approximately $835,400.52. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

A number of research analysts have recently issued reports on the company. lowered their price target on Equinix to $460.00 and set a “positive” rating on the stock in a report on Thursday, November 1st. BidaskClub downgraded Equinix from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. KeyCorp assumed coverage on Equinix in a report on Tuesday, October 23rd. They set a “sector weight” rating on the stock. ValuEngine raised Equinix from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. Finally, Zacks Investment Research cut Equinix from a “hold” rating to a “sell” rating in a research report on Thursday, October 25th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and sixteen have given a buy rating to the company’s stock. Equinix has an average rating of “Buy” and a consensus price target of $501.28.

EQIX traded down $6.25 during midday trading on Friday, reaching $386.47. The company had a trading volume of 449,543 shares, compared to its average volume of 494,683. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.54. The stock has a market cap of $31.57 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.31 and a beta of 0.75. Equinix Inc has a 1 year low of $370.79 and a 1 year high of $462.43.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Thursday, November 1st. The financial services provider reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $4.47 by ($2.92). The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Equinix had a return on equity of 7.70% and a net margin of 6.46%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.63 EPS. On average, equities analysts anticipate that Equinix Inc will post 18.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 14th will be given a dividend of $2.28 per share. This represents a $9.12 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Tuesday, November 13th. Equinix’s dividend payout ratio is currently 49.22%.

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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.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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