Here is the rundown on market activity for Equinix, Inc. (NASDAQ:EQIX). Today Keith D. Taylor, CFO disclosed the sale of 2,500 shares of EQIX stock. The shares were purchased at an average price of $362.63. Taylor now owns $14,993,300 of the stock according to the SEC filing. Sara Baack, Chief Marketing Officer disclosed the sale of 300 shares. The shares were sold on September 15th for an average price of $353.96. The Chief Marketing Officer now owns $2,125,176 of the stock per the Form 4 SEC filing.
Charles J. Meyers, Chief Operating Officer reported the sale of 2,343 shares of (EQIX). The shares were purchased at an average price of $369.38. The Chief Operating Officer now owns $607,630 of the stock per the Form 4 SEC filing.
The following firms have also recently changed their position in EQIX. As of the end of the quarter BNP Paribas Investment Partners S.A. had bought a total of 110 shares growing its position 2.1%. The value of the investment in EQIX went from $1,602,000 to $2,097,000 a change of 30.9% since the last quarter. Twin Tree Management, Lp downsized its holdings by shedding 12,200 shares a decrease of 86.5% as of 12/31/2015. Twin Tree Management, Lp currently owns 1,900 shares with a value of $575,000. The total value of its holdings decreased 82.5%.
As of quarter end Northwestern Mutual Investment Management Company, LLC had acquired 18 shares growing its stake by 0.7%. The value of the company’s investment in Equinix, Inc. increased from $870,000 to $1,027,000 increasing 18.0% for the reporting period. Mason Street Advisors, LLC bolstered its ownership by buying 1,256 shares an increase of 15.5% in the quarter. Mason Street Advisors, LLC controls 9,352 shares valued at $3,626,000. The value of the position overall is up by 48.1%.
On September 6 the company was upgraded from “Perform” to “Outperform” in a report from Oppenheimer. On August 18 Barclays maintained a company rating of “Equal-weight” but moved up the price target from $330.00 to $377.00.
Jefferies both downgraded the stock and raised the price target on July 15 changing the price target from $275.00 to $400.00 and cutting the rating from “Buy” to “Hold”. On July 15 the stock rating was downgraded to “Hold” from “Buy” and a price target of $400.00 was set by analysts at Jefferies.
Equity analyst Barclays started covering the stock by announcing an initial rating of “Equal-weight” and setting a price target of $330.00. On March 14 the company was downgraded to “Perform” from “Outperform” by Oppenheimer.
The company is so far trading up since yesterday’s close of $362.26. Equinix, Inc. recently declared a dividend paid on Wednesday the 14th of September 2016. The dividend was $1.750 per share for the quarter or $7.00 annualized. This dividend amount represented a yeild of $1.95. The ex-dividend date was set for Monday the 22nd of August 2016.
Shares are trading at $362.38 a tad under the 50 day moving average which is $365.52 and which is a tad above the 200 day moving average of $356.12. The 50 day moving average moved down $-3.14 and the 200 day average moved up $6.26.
The company’s P/E ratio is 357.73 and the market cap of the company is 25.76B. As of the latest earnings report the EPS was $1.01 and is expected to be $14.93 for the current year with 71,074,000 shares presently outstanding. Next quarter’s EPS is forecasted at $4.01 with next year’s EPS anticipated to be $18.45.
Investors are feeling more bearish on shares of Equinix, Inc. recently at least if you consider the uptick in short interest. The company saw a rise in short interest between August 31, 2016 and September 15, 2016 of 0.15%. Short interest increased 290,901 over that timeframe. Days to cover decreased from 4.2 to 3.4 and the percentage of shorted shares was 0.03% on September 15.