EP Wealth Advisors LLC Makes New $276,000 Investment in Equinix, Inc. (NASDAQ:EQIX)

EP Wealth Advisors LLC bought a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 311 shares of the financial services provider’s stock, valued at approximately $276,000.

Other large investors also recently modified their holdings of the company. Van ECK Associates Corp lifted its position in Equinix by 9.2% during the third quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider’s stock worth $18,099,000 after purchasing an additional 1,716 shares during the period. E. Ohman J or Asset Management AB lifted its holdings in shares of Equinix by 3.0% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider’s stock worth $33,215,000 after acquiring an additional 1,103 shares during the period. Duff & Phelps Investment Management Co. boosted its position in shares of Equinix by 25.9% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 369,437 shares of the financial services provider’s stock worth $279,516,000 after acquiring an additional 75,888 shares in the last quarter. Thematics Asset Management raised its position in Equinix by 17.7% during the third quarter. Thematics Asset Management now owns 39,951 shares of the financial services provider’s stock valued at $35,462,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in Equinix by 3.0% during the second quarter. Raymond James & Associates now owns 172,904 shares of the financial services provider’s stock worth $130,819,000 after purchasing an additional 5,056 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. HSBC raised Equinix from a “hold” rating to a “buy” rating and boosted their target price for the stock from $865.00 to $1,000.00 in a research note on Friday, October 4th. BMO Capital Markets raised their price target on shares of Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Cfra reiterated a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. Finally, The Goldman Sachs Group raised their target price on shares of Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $976.81.

Equinix Trading Down 1.1 %

NASDAQ EQIX opened at $965.00 on Friday. The firm has a market capitalization of $93.11 billion, a PE ratio of 87.02, a price-to-earnings-growth ratio of 2.51 and a beta of 0.72. The business’s 50-day moving average price is $919.91 and its two-hundred day moving average price is $845.58. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were issued a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 1.77%. The ex-dividend date was Wednesday, November 13th. Equinix’s payout ratio is presently 153.65%.

Insider Buying and Selling at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 1,726 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $904.99, for a total transaction of $1,562,012.74. Following the sale, the insider now owns 6,505 shares of the company’s stock, valued at approximately $5,886,959.95. This represents a 20.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Keith D. Taylor sold 1,500 shares of Equinix stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $971.18, for a total value of $1,456,770.00. Following the completion of the transaction, the chief financial officer now directly owns 18,966 shares of the company’s stock, valued at approximately $18,419,399.88. This trade represents a 7.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,398 shares of company stock valued at $7,906,218. 0.27% of the stock is currently owned by company insiders.

Equinix Company Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.