Kentucky Retirement Systems acquired a new stake in Equinix Inc (NASDAQ:EQIX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,497 shares of the financial services provider’s stock, valued at approximately $1,233,000.
A number of other large investors have also recently bought and sold shares of EQIX. Deutsche Bank AG lifted its position in shares of Equinix by 315.4% during the third quarter. Deutsche Bank AG now owns 594,834 shares of the financial services provider’s stock worth $257,492,000 after purchasing an additional 451,649 shares during the last quarter. Capital International Investors lifted its position in shares of Equinix by 1,152.8% during the third quarter. Capital International Investors now owns 364,556 shares of the financial services provider’s stock worth $157,813,000 after purchasing an additional 335,456 shares during the last quarter. Cohen & Steers Inc. lifted its position in shares of Equinix by 7.4% during the fourth quarter. Cohen & Steers Inc. now owns 3,161,793 shares of the financial services provider’s stock worth $1,114,722,000 after purchasing an additional 218,971 shares during the last quarter. Northern Trust Corp lifted its position in shares of Equinix by 19.7% during the fourth quarter. Northern Trust Corp now owns 1,116,449 shares of the financial services provider’s stock worth $393,617,000 after purchasing an additional 183,479 shares during the last quarter. Finally, Capital World Investors lifted its position in shares of Equinix by 4.8% during the third quarter. Capital World Investors now owns 3,238,956 shares of the financial services provider’s stock worth $1,402,112,000 after purchasing an additional 148,000 shares during the last quarter. 98.92% of the stock is owned by institutional investors.
In other Equinix news, insider Karl Strohmeyer sold 1,135 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $426.96, for a total value of $484,599.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Camp Peter Van sold 3,418 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $429.76, for a total transaction of $1,468,919.68. Following the completion of the sale, the director now owns 8,024 shares in the company, valued at approximately $3,448,394.24. The disclosure for this sale can be found here. Insiders sold 17,893 shares of company stock worth $7,665,409 in the last 90 days. 0.51% of the stock is owned by company insiders.
Shares of NASDAQ EQIX opened at $446.44 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.51. Equinix Inc has a 52-week low of $335.29 and a 52-week high of $467.99. The stock has a market capitalization of $36.10 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 1.58 and a beta of 0.91.
Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, February 13th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.46 by ($3.10). Equinix had a return on equity of 6.88% and a net margin of 7.20%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the business earned $0.82 EPS. The business’s revenue was up 9.2% on a year-over-year basis. As a group, analysts anticipate that Equinix Inc will post 20.89 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This article was posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/04/22/kentucky-retirement-systems-invests-1-23-million-in-equinix-inc-eqix-stock.html.
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.
Featured Article: Understanding Stock Ratings
Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.