Capital Fund Management S.A. raised its position in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) by 187.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,814 shares of the financial services provider’s stock after acquiring an additional 22,720 shares during the period. Capital Fund Management S.A.’s holdings in Equinix were worth $27,693,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its position in shares of Equinix by 121.4% during the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock worth $25,000 after buying an additional 17 shares during the last quarter. Westside Investment Management Inc. grew its stake in shares of Equinix by 190.9% in the second quarter. Westside Investment Management Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 21 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Equinix in the second quarter valued at about $26,000. Bank of Jackson Hole Trust boosted its stake in shares of Equinix by 70.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 34 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Equinix in the 2nd quarter valued at $28,000. 94.94% of the stock is owned by institutional investors and hedge funds.
Equinix Trading Up 0.3%
NASDAQ:EQIX opened at $750.41 on Friday. The firm has a market capitalization of $73.68 billion, a P/E ratio of 68.72, a PEG ratio of 1.38 and a beta of 0.92. The company’s 50-day simple moving average is $799.86 and its 200 day simple moving average is $810.71. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54.
Equinix Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, November 19th. Equinix’s dividend payout ratio is currently 171.79%.
Analyst Upgrades and Downgrades
EQIX has been the topic of a number of research analyst reports. Citigroup reissued a “market outperform” rating on shares of Equinix in a research report on Tuesday, November 4th. Morgan Stanley began coverage on Equinix in a research report on Thursday, October 16th. They issued an “overweight” rating and a $950.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th. Barclays lifted their price target on shares of Equinix from $798.00 to $804.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Finally, TD Cowen boosted their price objective on Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $961.33.
View Our Latest Stock Analysis on Equinix
Insider Buying and Selling at Equinix
In other news, insider Brandi Galvin Morandi sold 100 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $840.47, for a total transaction of $84,047.00. Following the sale, the insider directly owned 8,277 shares in the company, valued at approximately $6,956,570.19. This represents a 1.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles J. Meyers sold 5,087 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $778.47, for a total transaction of $3,960,076.89. Following the completion of the sale, the chairman directly owned 10,426 shares in the company, valued at $8,116,328.22. This trade represents a 32.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 5,641 shares of company stock worth $4,394,531 in the last ninety days. Company insiders own 0.27% of the company’s stock.
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.
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