Victory Capital Management Inc. Purchases 14,613 Shares of Equinix, Inc. (EQIX)

Victory Capital Management Inc. grew its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 10.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 158,325 shares of the financial services provider’s stock after purchasing an additional 14,613 shares during the period. Victory Capital Management Inc. owned 0.20% of Equinix worth $70,660,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EQIX. Proficio Capital Partners LLC boosted its position in shares of Equinix by 2.9% in the second quarter. Proficio Capital Partners LLC now owns 245 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 7 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new position in Equinix in the second quarter valued at approximately $127,000. Smithfield Trust Co. raised its holdings in Equinix by 19.1% in the second quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock valued at $145,000 after buying an additional 54 shares during the period. Bienville Capital Management LLC purchased a new position in Equinix in the second quarter valued at approximately $213,000. Finally, Gilbert & Cook Inc. purchased a new stake in shares of Equinix during the second quarter valued at approximately $217,000. 95.09% of the stock is currently owned by institutional investors.

Equinix, Inc. (NASDAQ:EQIX) opened at $482.21 on Monday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $37,730.00, a P/E ratio of 27.12, a PEG ratio of 1.94 and a beta of 0.46. Equinix, Inc. has a 1-year low of $314.55 and a 1-year high of $495.35.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $2.24. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Equinix had a return on equity of 5.59% and a net margin of 5.58%. Equinix’s revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.95 earnings per share. equities research analysts anticipate that Equinix, Inc. will post 16.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 15th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Tuesday, November 14th. Equinix’s dividend payout ratio (DPR) is 259.74%.

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A number of equities analysts have commented on EQIX shares. Cowen and Company reaffirmed a “buy” rating on shares of Equinix in a report on Friday, July 21st. BidaskClub raised shares of Equinix from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Barclays PLC reissued an “equal weight” rating and set a $475.00 price target (up previously from $410.00) on shares of Equinix in a report on Thursday, August 3rd. Stifel Nicolaus reissued a “buy” rating and set a $497.00 price target (up previously from $485.00) on shares of Equinix in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada lifted their price objective on shares of Equinix from $470.00 to $505.00 and gave the company an “outperform” rating in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $495.20.

In other news, insider Karl Strohmeyer sold 250 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $464.96, for a total transaction of $116,240.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Charles J. Meyers sold 1,090 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $459.80, for a total value of $501,182.00. Following the completion of the transaction, the chief operating officer now owns 2,297 shares in the company, valued at approximately $1,056,160.60. The disclosure for this sale can be found here. Insiders sold 7,560 shares of company stock worth $3,459,196 over the last quarter. Company insiders own 0.58% of the company’s stock.

About Equinix

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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