UBS Oconnor LLC Sells 5,450 Shares of Equinix Inc (NASDAQ:EQIX)

UBS Oconnor LLC decreased its position in shares of Equinix Inc (NASDAQ:EQIX) by 77.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,600 shares of the financial services provider’s stock after selling 5,450 shares during the quarter. UBS Oconnor LLC’s holdings in Equinix were worth $564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. lifted its holdings in shares of Equinix by 174.2% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 85 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 54 shares during the last quarter. Pearl River Capital LLC bought a new position in shares of Equinix in the fourth quarter worth about $35,000. Rehmann Capital Advisory Group lifted its holdings in shares of Equinix by 158.8% in the third quarter. Rehmann Capital Advisory Group now owns 88 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 54 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Equinix by 116.7% in the fourth quarter. Proficio Capital Partners LLC now owns 117 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 63 shares during the last quarter. Finally, Lindbrook Capital LLC bought a new position in shares of Equinix in the fourth quarter worth about $47,000. 99.06% of the stock is owned by institutional investors and hedge funds.

EQIX has been the subject of a number of research reports. BidaskClub upgraded shares of Equinix from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. Zacks Investment Research lowered shares of Equinix from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Berenberg Bank initiated coverage on shares of Equinix in a report on Tuesday, January 8th. They issued a “buy” rating and a $477.00 price objective for the company. Credit Suisse Group raised their price objective on shares of Equinix from $467.00 to $474.00 and gave the company an “outperform” rating in a report on Thursday, February 14th. Finally, Citigroup raised their price objective on shares of Equinix from $481.00 to $482.00 and gave the company a “buy” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $495.29.

In other news, CEO Charles J. Meyers sold 5,648 shares of the firm’s stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $380.97, for a total transaction of $2,151,718.56. Following the completion of the sale, the chief executive officer now owns 5,750 shares of the company’s stock, valued at approximately $2,190,577.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Earl Campbell sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $445.02, for a total transaction of $111,255.00. Following the sale, the insider now directly owns 3,828 shares of the company’s stock, valued at approximately $1,703,536.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,263 shares of company stock valued at $11,593,833. Insiders own 0.51% of the company’s stock.

NASDAQ:EQIX traded down $3.38 on Monday, reaching $460.00. 286,000 shares of the stock traded hands, compared to its average volume of 565,621. The company has a market capitalization of $37.17 billion, a PE ratio of 22.23, a P/E/G ratio of 1.63 and a beta of 0.91. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.00 and a current ratio of 1.00. Equinix Inc has a 1-year low of $335.29 and a 1-year high of $467.99.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, February 13th. The financial services provider reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $4.46 by ($3.10). The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. Equinix had a net margin of 7.20% and a return on equity of 6.88%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. Research analysts predict that Equinix Inc will post 20.89 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 27th were given a dividend of $2.46 per share. This is an increase from Equinix’s previous quarterly dividend of $2.28. The ex-dividend date of this dividend was Tuesday, February 26th. This represents a $9.84 annualized dividend and a dividend yield of 2.14%. Equinix’s dividend payout ratio (DPR) is 47.56%.

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Equinix Company 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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