Oppenheimer & Co. Inc. Grows Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Oppenheimer & Co. Inc. lifted its position in Equinix, Inc. (NASDAQ:EQIX) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,215 shares of the financial services provider’s stock after buying an additional 268 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Equinix were worth $4,629,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EQIX. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Equinix during the second quarter worth about $30,000. LRI Investments LLC acquired a new stake in Equinix during the 1st quarter worth approximately $31,000. GHP Investment Advisors Inc. lifted its holdings in Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after buying an additional 13 shares in the last quarter. Fortitude Family Office LLC boosted its position in Equinix by 50.0% in the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after buying an additional 13 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Equinix during the second quarter worth $36,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Truist Financial lifted their target price on Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. 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. Wells Fargo & Company upped their target price on shares of Equinix from $875.00 to $975.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Mizuho lifted their price target on shares of Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Finally, HSBC raised shares of Equinix from a “hold” rating to a “buy” rating and increased their price objective for the company from $865.00 to $1,000.00 in a research report on Friday, October 4th. Five research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $944.63.

Insider Buying and Selling

In related news, insider Meredith Williamson sold 576 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total value of $474,733.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brandi Galvin Morandi sold 864 shares of Equinix stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total value of $734,400.00. Following the completion of the sale, the insider now owns 9,094 shares in the company, valued at approximately $7,729,900. This trade represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,654 shares of company stock worth $11,577,656 in the last 90 days. Company insiders own 0.27% of the company’s stock.

Equinix Trading Down 0.3 %

EQIX opened at $898.12 on Friday. 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. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $943.02. The business’s 50 day moving average is $882.45 and its two-hundred day moving average is $815.17. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12.

Equinix Announces Dividend

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

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.