680 Shares in Equinix Inc (NASDAQ:EQIX) Bought by Wesbanco Bank Inc.

Wesbanco Bank Inc. purchased a new position in shares of Equinix Inc (NASDAQ:EQIX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 680 shares of the financial services provider’s stock, valued at approximately $343,000.

A number of other large investors also recently made changes to their positions in EQIX. Carroll Financial Associates Inc. increased its stake in Equinix by 63.6% in the second quarter. Carroll Financial Associates Inc. now owns 54 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 21 shares during the period. Berman Capital Advisors LLC increased its stake in Equinix by 44.9% in the second quarter. Berman Capital Advisors LLC now owns 71 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 22 shares during the period. Rehmann Capital Advisory Group increased its stake in Equinix by 25.3% in the first quarter. Rehmann Capital Advisory Group now owns 114 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 23 shares during the period. Thomas J. Herzfeld Advisors Inc. increased its stake in Equinix by 27.9% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 110 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 24 shares during the period. Finally, HNP Capital LLC increased its stake in Equinix by 0.5% in the second quarter. HNP Capital LLC now owns 5,281 shares of the financial services provider’s stock valued at $2,663,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

In other news, insider Brandi Galvin Morandi sold 2,960 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $516.44, for a total value of $1,528,662.40. Following the completion of the sale, the insider now owns 19,253 shares of the company’s stock, valued at $9,943,019.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Simon Miller sold 385 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $516.27, for a total transaction of $198,763.95. Following the completion of the sale, the chief accounting officer now directly owns 689 shares of the company’s stock, valued at approximately $355,710.03. The disclosure for this sale can be found here. Insiders have sold 12,409 shares of company stock valued at $6,727,033 in the last ninety days. 0.49% of the stock is currently owned by company insiders.

A number of brokerages have recently issued reports on EQIX. Raymond James boosted their price target on shares of Equinix from $520.00 to $560.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 1st. UBS Group boosted their price target on shares of Equinix from $510.00 to $560.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. BMO Capital Markets reiterated a “buy” rating and set a $520.00 price target on shares of Equinix in a research note on Tuesday, July 2nd. Guggenheim boosted their price target on shares of Equinix from $505.00 to $540.00 and gave the stock a “sell” rating in a research note on Tuesday, July 2nd. Finally, Nomura boosted their price target on shares of Equinix from $505.00 to $575.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Equinix presently has a consensus rating of “Buy” and a consensus price target of $533.58.

EQIX stock traded down $2.08 on Friday, hitting $536.80. 308,965 shares of the company were exchanged, compared to its average volume of 354,747. Equinix Inc has a twelve month low of $335.29 and a twelve month high of $567.89. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.59 and a quick ratio of 1.59. The business’s fifty day moving average is $538.89 and its two-hundred day moving average is $491.68. The stock has a market capitalization of $43.58 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 1.79 and a beta of 0.70.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.69 EPS for the quarter, missing the consensus estimate of $5.14 by ($3.45). Equinix had a return on equity of 6.29% and a net margin of 9.29%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company posted $3.63 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts expect that Equinix Inc will post 20.69 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 21st will be given a dividend of $2.46 per share. This represents a $9.84 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Tuesday, August 20th. Equinix’s dividend payout ratio (DPR) is 47.56%.

About Equinix

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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