Equinix, Inc. (NASDAQ:EQIX) is expected to pay $1.75 on Dec 14, 2016. The indicated annual dividend is $7.00. Shareholders owning the stock before Nov 14, 2016 will be eligible to receive the payout. Based on Equinix, Inc.’s current price of $325.05, the dividend is 0.54%. This dividend’s record date is Nov 16, 2016 and the announcement date is Nov 3, 2016. The stock decreased 1.74% or $5.75 on November 11, hitting $325.05. About 855,101 shares traded hands or 33.73% up from the average. Equinix Inc (NASDAQ:EQIX) has risen 0.91% since April 12, 2016 and is uptrending. It has underperformed by 4.08% the S&P500.
Equinix, Inc. is engaged in connecting companies to their clients and partners inside the interconnected data centers. The company has a market cap of $23.20 billion. The Firm operates in three divisions: Americas; Europe, the Middle East and Africa, and Asia-Pacific. It has a 369.56 P/E ratio. The Company’s platform Equinix combines a footprint of International Business Exchange data centers, interconnection opportunities and ecosystems.
Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. Its down 0.71, from 1.84 in 2016Q1. The ratio fall, as 39 funds sold all Equinix Inc shares owned while 153 reduced positions. 55 funds bought stakes while 162 increased positions. They now own 69.54 million shares or 4.14% less from 72.54 million shares in 2016Q1.
Davidson Invest Advsrs last reported 0.03% of its portfolio in the stock. Hanseatic Management Service Inc holds 1.04% or 7,040 shares in its portfolio. Kcg has 0.03% invested in the company for 4,055 shares. Stifel Fincl Corp has 0.01% invested in the company for 3,572 shares. Korea Inv owns 18,121 shares or 0.04% of their US portfolio. Aqr Capital Limited Liability Co accumulated 0.06% or 88,685 shares. Kemper Corporation Master Retirement Tru has 2,300 shares for 0.56% of their US portfolio. The New York-based Blackrock has invested 0.08% in Equinix Inc (NASDAQ:EQIX). Mutual Of America Capital Ltd Liability Corp has invested 0.07% of its portfolio in Equinix Inc (NASDAQ:EQIX). Price T Rowe Assocs Md, a Maryland-based fund reported 1.16 million shares. Proshare Advsrs Ltd Liability Company last reported 0.12% of its portfolio in the stock. Citadel Advsr Ltd accumulated 367,581 shares or 0.16% of the stock. Federated Pa has invested 0% of its portfolio in Equinix Inc (NASDAQ:EQIX). Wetherby Asset Mngmt accumulated 820 shares or 0.07% of the stock. Smithfield Trust Com holds 0.02% or 283 shares in its portfolio.
Insider Transactions: Since May 20, 2016, the stock had 0 insider buys, and 19 sales for $11.71 million net activity. Another trade for 1,000 shares valued at $366,601 was sold by TAYLOR KEITH D. 200 Equinix Inc (NASDAQ:EQIX) shares with value of $72,980 were sold by Meyers Charles J. Schwartz Eric had sold 86 shares worth $31,713. Shares for $172,140 were sold by PAISLEY CHRISTOPHER B. Another trade for 5,600 shares valued at $2.01M was sold by CROSSLINK CAPITAL INC. Smith Stephen M also sold $1.33 million worth of Equinix Inc (NASDAQ:EQIX) shares. The insider Baack Sara sold $110,628.
Equinix Inc (NASDAQ:EQIX) Ratings Coverage
Out of 13 analysts covering Equinix (NASDAQ:EQIX), 9 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 69% are positive. $420 is the highest target while $300 is the lowest. The $358.50 average target is 10.29% above today’s ($325.05) stock price. Equinix has been the topic of 22 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Wells Fargo upgraded the stock to “Outperform” rating in Monday, January 4 report. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, October 29. The stock of Equinix Inc (NASDAQ:EQIX) has “Buy” rating given on Tuesday, January 5 by Stifel Nicolaus. Barclays Capital maintained it with “Equal-Weight” rating and $377 target price in Thursday, August 18 report. The firm has “Outperform” rating by Cowen & Co given on Friday, February 19. Jefferies downgraded it to “Hold” rating and $400 target price in Friday, July 15 report. The rating was maintained by Citigroup on Thursday, August 4 with “Neutral”. The stock of Equinix Inc (NASDAQ:EQIX) earned “Equal-Weight” rating by Barclays Capital on Monday, March 21. The stock of Equinix Inc (NASDAQ:EQIX) earned “Buy” rating by SunTrust on Tuesday, November 24. The rating was maintained by Barclays Capital on Thursday, August 4 with “Equal-Weight”.
EQIX Company Profile
Equinix, Inc. (Equinix), incorporated on June 22, 1998, is engaged in connecting companies to their clients and partners inside the interconnected data centers. The Firm operates in three divisions: Americas; Europe, the Middle East and Africa (EMEA), and Asia-Pacific. The Company’s platform Equinix combines a footprint of International Business Exchange (IBX) data centers, interconnection opportunities and ecosystems. The Firm provides data center offerings, which consist of colocation, interconnection solutions, and managed Information Technology (IT) infrastructure and professional services. The Company’s Colocation offerings include cabinets, power and IBXflex. The Company’s Interconnection offerings include Physical Cross Connect/Direct Interconnections, Equinix Internet Exchange, Equinix Metro Connect, Internet Connectivity Services, Equinix Cloud Exchange and Equinix Performance Hub. The Company’s Equinix Professional Services include Cloud Consulting Services, Global Solutions Architects, Solution Validation Centers, Smart Hands Services, Equinix Customer Portal and Business Continuity Trading Rooms.
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