Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 34.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 809 shares of the financial services provider’s stock after purchasing an additional 207 shares during the period. Summit Trail Advisors LLC’s holdings in Equinix were worth $718,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. B. Riley Wealth Advisors Inc. boosted its holdings in Equinix by 2.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,514 shares of the financial services provider’s stock valued at $2,900,000 after acquiring an additional 68 shares during the period. California State Teachers Retirement System grew its holdings in shares of Equinix by 0.6% in the first quarter. California State Teachers Retirement System now owns 150,207 shares of the financial services provider’s stock valued at $123,970,000 after purchasing an additional 858 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Equinix by 31.2% in the first quarter. Tidal Investments LLC now owns 19,615 shares of the financial services provider’s stock valued at $16,189,000 after purchasing an additional 4,665 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in Equinix during the 1st quarter worth approximately $949,000. Finally, Hancock Whitney Corp boosted its position in Equinix by 302.5% in the 1st quarter. Hancock Whitney Corp now owns 13,273 shares of the financial services provider’s stock valued at $10,955,000 after buying an additional 9,975 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Equinix

In related news, EVP Jonathan Lin sold 93 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $820.99, for a total value of $76,352.07. Following the sale, the executive vice president now directly owns 7,141 shares in the company, valued at $5,862,689.59. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Charles J. Meyers sold 6,234 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total value of $5,136,628.98. Following the sale, the chairman now owns 7,680 shares in the company, valued at approximately $6,328,089.60. This trade represents a 44.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,754 shares of company stock worth $11,666,756. Company insiders own 0.27% of the company’s stock.

Equinix Trading Up 4.1 %

NASDAQ:EQIX opened at $974.35 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $94.01 billion, a PE ratio of 87.86, a P/E/G ratio of 2.41 and a beta of 0.71. The stock’s 50 day moving average price is $893.70 and its 200 day moving average price is $827.82. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $976.35.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be given a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix’s payout ratio is currently 153.65%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EQIX. Cfra reaffirmed a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. Barclays upped their price target on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. BMO Capital Markets boosted their price objective on Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Scotiabank raised their target price on shares of Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a report on Thursday, October 31st. Finally, Hsbc Global Res upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $952.88.

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.