Atlantic Trust Group LLC raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 162.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,471 shares of the financial services provider’s stock after acquiring an additional 81,470 shares during the period. Atlantic Trust Group LLC owned about 0.17% of Equinix worth $58,676,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Zions Bancorporation boosted its position in shares of Equinix by 2,550.0% during the third quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock worth $118,000 after buying an additional 255 shares during the period. San Francisco Sentry Investment Group CA acquired a new position in shares of Equinix during the second quarter worth about $127,000. Amica Retiree Medical Trust acquired a new position in shares of Equinix during the third quarter worth about $188,000. Commerce Bank acquired a new position in shares of Equinix during the third quarter worth about $203,000. Finally, Bienville Capital Management LLC acquired a new position in shares of Equinix during the second quarter worth about $213,000. 94.16% of the stock is owned by hedge funds and other institutional investors.
Equinix, Inc. (EQIX) opened at $445.89 on Friday. Equinix, Inc. has a 52-week low of $347.99 and a 52-week high of $495.35. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $35,089.38, a P/E ratio of 25.23, a P/E/G ratio of 1.80 and a beta of 0.46.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, November 15th were given a dividend of $2.00 per share. The ex-dividend date was Tuesday, November 14th. This represents a $8.00 annualized dividend and a yield of 1.79%. Equinix’s dividend payout ratio (DPR) is presently 264.03%.
EQIX has been the subject of several recent research reports. Citigroup upped their price objective on Equinix from $518.00 to $530.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Morgan Stanley upped their price objective on Equinix from $424.00 to $435.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $547.00 price objective for the company in a research report on Monday, November 6th. Jefferies Group reaffirmed a “hold” rating and set a $440.00 price objective on shares of Equinix in a research report on Thursday, October 12th. Finally, Nomura upped their price objective on Equinix from $490.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $501.70.
In other Equinix news, CFO Keith D. Taylor sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $438.46, for a total value of $657,690.00. Following the sale, the chief financial officer now owns 31,393 shares in the company, valued at $13,764,574.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Earl Campbell sold 200 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $462.43, for a total value of $92,486.00. Following the completion of the sale, the insider now owns 925 shares in the company, valued at approximately $427,747.75. The disclosure for this sale can be found here. Insiders have sold 7,693 shares of company stock valued at $3,549,881 over the last three months. Insiders own 0.58% of the company’s stock.
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Equinix Company Profile
Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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