Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP decreased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 53.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 519 shares of the financial services provider’s stock after selling 603 shares during the period. Aigen Investment Management LP’s holdings in Equinix were worth $461,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EQIX. BDF Gestion acquired a new stake in shares of Equinix during the 2nd quarter valued at approximately $2,659,000. Van ECK Associates Corp lifted its position in shares of Equinix by 9.2% in the 3rd quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider’s stock worth $18,099,000 after buying an additional 1,716 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Equinix by 159.4% in the 1st quarter. Bessemer Group Inc. now owns 2,246 shares of the financial services provider’s stock valued at $1,854,000 after buying an additional 1,380 shares during the period. E. Ohman J or Asset Management AB grew its position 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 valued at $33,215,000 after buying an additional 1,103 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its holdings in Equinix by 25.9% in the second 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 during the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Equinix

In related news, insider Brandi Galvin Morandi sold 864 shares of Equinix stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total value of $734,400.00. Following the transaction, the insider now owns 9,094 shares of the company’s stock, valued at approximately $7,729,900. This trade represents a 8.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Raouf Abdel sold 1,022 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $923.56, for a total transaction of $943,878.32. Following the completion of the transaction, the executive vice president now owns 4,893 shares of the company’s stock, valued at approximately $4,518,979.08. The trade was a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,654 shares of company stock valued at $11,577,656. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Performance

NASDAQ:EQIX opened at $898.12 on Friday. The company has a 50-day moving average of $882.45 and a 200-day moving average of $815.17. The firm has a market cap of $86.66 billion, a price-to-earnings ratio of 80.98, a price-to-earnings-growth ratio of 2.27 and a beta of 0.71. 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 twelve month low of $684.14 and a twelve month high of $943.02.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be issued a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix’s payout ratio is 153.65%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Mizuho upped their target price on Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. BMO Capital Markets upped their price objective on Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. TD Cowen raised their target price on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Finally, Evercore ISI lifted their price objective on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Equinix has an average rating of “Moderate Buy” and an average price target of $944.63.

Equinix 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.