Thematics Asset Management Has $35.46 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

Thematics Asset Management raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 17.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 39,951 shares of the financial services provider’s stock after purchasing an additional 6,000 shares during the quarter. Equinix comprises about 1.4% of Thematics Asset Management’s investment portfolio, making the stock its 17th largest position. Thematics Asset Management’s holdings in Equinix were worth $35,462,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avestar Capital LLC raised its position in shares of Equinix by 13.0% during the third quarter. Avestar Capital LLC now owns 921 shares of the financial services provider’s stock worth $818,000 after purchasing an additional 106 shares during the period. Brooklyn Investment Group increased its stake in Equinix by 3.6% during the 3rd quarter. Brooklyn Investment Group now owns 612 shares of the financial services provider’s stock worth $543,000 after purchasing an additional 21 shares in the last quarter. Partners Group Holding AG raised its holdings in Equinix by 20.8% during the 3rd quarter. Partners Group Holding AG now owns 54,122 shares of the financial services provider’s stock worth $48,040,000 after buying an additional 9,312 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Equinix by 19.0% in the third quarter. D.A. Davidson & CO. now owns 846 shares of the financial services provider’s stock valued at $751,000 after buying an additional 135 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Equinix by 2.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 68,247 shares of the financial services provider’s stock worth $60,578,000 after purchasing an additional 1,761 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EQIX shares. Scotiabank upped their price objective on Equinix from $954.00 to $985.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 31st. BMO Capital Markets raised their price target on shares of Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Mizuho raised their target price on shares of Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Barclays raised their price objective on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a report on Monday, November 18th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $952.88.

Equinix Stock Performance

NASDAQ EQIX traded up $37.98 on Tuesday, reaching $974.35. The stock had a trading volume of 1,977,322 shares, compared to its average volume of 533,316. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $94.01 billion, a P/E ratio of 87.86, a price-to-earnings-growth ratio of 2.41 and a beta of 0.71. The firm has a fifty day moving average of $893.70 and a two-hundred day moving average of $827.82. Equinix, Inc. has a 1-year low of $684.14 and a 1-year 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 paid a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 1.75%. The ex-dividend date is Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is 153.65%.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $891.00, for a total transaction of $89,100.00. Following the completion of the sale, the director now owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. This represents a 0.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Charles J. Meyers sold 6,234 shares of Equinix stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the completion of the transaction, the chairman now directly owns 7,680 shares in the company, valued at $6,328,089.60. This trade represents a 44.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,754 shares of company stock valued at $11,666,756 in the last quarter. Company insiders own 0.27% of the company’s stock.

About Equinix

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.