Mizuho Securities USA LLC Purchases 14,809 Shares of Equinix, Inc. (NASDAQ:EQIX)

Mizuho Securities USA LLC raised its position in Equinix, Inc. (NASDAQ:EQIX) by 202.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 22,124 shares of the financial services provider’s stock after buying an additional 14,809 shares during the quarter. Mizuho Securities USA LLC’s holdings in Equinix were worth $19,638,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EQIX. BDF Gestion acquired a new position in shares of Equinix during the 2nd quarter worth about $2,659,000. Van ECK Associates Corp lifted its position in shares of Equinix by 9.2% in the third quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider’s stock valued at $18,099,000 after buying an additional 1,716 shares during the last quarter. Bessemer Group Inc. increased its position in Equinix by 159.4% during the 1st quarter. Bessemer Group Inc. now owns 2,246 shares of the financial services provider’s stock worth $1,854,000 after buying an additional 1,380 shares during the period. E. Ohman J or Asset Management AB lifted its holdings in shares of Equinix by 3.0% during the third quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider’s stock worth $33,215,000 after buying an additional 1,103 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. grew its holdings in shares of Equinix by 25.9% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 369,437 shares of the financial services provider’s stock valued at $279,516,000 after purchasing an additional 75,888 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Equinix Stock Performance

Shares of Equinix stock opened at $897.37 on Friday. The company has a market cap of $86.59 billion, a PE ratio of 80.92, a price-to-earnings-growth ratio of 2.26 and a beta of 0.71. The business has a 50 day moving average price of $885.56 and a 200-day moving average price of $816.93. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $943.02. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 1.90%. The ex-dividend date is Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is 153.65%.

Insider Buying and Selling

In related news, CAO Simon Miller sold 569 shares of Equinix stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total transaction of $467,097.79. Following the completion of the sale, the chief accounting officer now owns 5,554 shares of the company’s stock, valued at approximately $4,559,334.14. This trade represents a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan Lin sold 93 shares of Equinix 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 owns 7,141 shares of the company’s stock, valued at approximately $5,862,689.59. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,654 shares of company stock valued at $11,577,656. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EQIX. HSBC upgraded shares of Equinix from a “hold” rating to a “buy” rating and raised their target price for the company from $865.00 to $1,000.00 in a research report on Friday, October 4th. Truist Financial increased their price target on Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. The Goldman Sachs Group raised their price objective on shares of Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. BMO Capital Markets increased their target price 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. Finally, Cfra reaffirmed a “hold” rating on shares of Equinix in a research note on Tuesday, September 24th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.