Jupiter Asset Management Ltd. Buys 3,555 Shares of Equinix, Inc. (REIT) (NASDAQ:EQIX)

Jupiter Asset Management Ltd. grew its stake in Equinix, Inc. (REIT) (NASDAQ:EQIX) by 577.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,171 shares of the financial services provider’s stock after purchasing an additional 3,555 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Equinix were worth $3,293,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Brighton Jones LLC raised its holdings in Equinix by 3.4% in the 2nd quarter. Brighton Jones LLC now owns 399 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 13 shares in the last quarter. Gryphon Financial Partners LLC increased its stake in shares of Equinix by 1.7% in the 2nd quarter. Gryphon Financial Partners LLC now owns 759 shares of the financial services provider’s stock worth $580,000 after acquiring an additional 13 shares in the last quarter. Lincoln National Corp increased its stake in shares of Equinix by 1.1% in the 3rd quarter. Lincoln National Corp now owns 1,189 shares of the financial services provider’s stock worth $939,000 after acquiring an additional 13 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Equinix by 0.8% in the 3rd quarter. Advisory Services Network LLC now owns 1,585 shares of the financial services provider’s stock worth $1,253,000 after acquiring an additional 13 shares in the last quarter. Finally, Meridian Wealth Management LLC increased its stake in shares of Equinix by 2.7% in the 3rd quarter. Meridian Wealth Management LLC now owns 540 shares of the financial services provider’s stock worth $427,000 after acquiring an additional 14 shares in the last quarter. Institutional investors and hedge funds own 93.64% of the company’s stock.

Shares of NASDAQ:EQIX opened at $746.76 on Friday. The firm’s 50 day moving average price is $800.74 and its 200-day moving average price is $813.59. Equinix, Inc. has a twelve month low of $586.73 and a twelve month high of $885.26. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $67.24 billion, a PE ratio of 157.21, a price-to-earnings-growth ratio of 2.86 and a beta of 0.36.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, November 3rd. The financial services provider reported $1.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.97 by ($4.29). Equinix had a return on equity of 6.01% and a net margin of 6.59%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the company earned $6.48 EPS. Equinix’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that Equinix, Inc. will post 24.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 15th. Shareholders of record on Wednesday, November 17th were paid a dividend of $2.87 per share. This represents a $11.48 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Tuesday, November 16th. Equinix’s payout ratio is 241.68%.

Several research analysts recently issued reports on EQIX shares. TheStreet lowered shares of Equinix from a “b-” rating to a “c” rating in a research note on Thursday, September 30th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Equinix from $920.00 to $880.00 and set a “buy” rating on the stock in a research report on Tuesday, November 9th. Raymond James increased their price objective on shares of Equinix from $915.00 to $950.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 4th. Barclays cut their price objective on shares of Equinix from $939.00 to $888.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, TD Securities increased their price objective on shares of Equinix from $875.00 to $900.00 and gave the company a “hold” rating in a research report on Thursday, November 4th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $875.22.

In related news, Director Christopher B. Paisley sold 75 shares of the firm’s stock in a transaction on Tuesday, November 16th. The shares were sold at an average price of $798.27, for a total value of $59,870.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Keith D. Taylor sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 18th. The shares were sold at an average price of $799.99, for a total transaction of $799,990.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,218 shares of company stock worth $971,829. 13.20% of the stock is owned by company insiders.

Equinix Profile

Equinix, Inc engages in the provision of collocation space and develops data centre solutions. The firm offers secure key management, consulting, network virtualization, customer support, and managed services. It operates through the following geographical segments: Americas, Europe, Middle East & Africa and Asia-Pacific.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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