Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 26.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,570 shares of the financial services provider’s stock after buying an additional 3,421 shares during the period. Public Sector Pension Investment Board’s holdings in Equinix were worth $14,708,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of EQIX. Thurston Springer Miller Herd & Titak Inc. bought a new position in Equinix during the 2nd quarter worth approximately $30,000. LRI Investments LLC bought a new position 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 during the last quarter. Fortitude Family Office LLC lifted its holdings in Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after buying an additional 13 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Equinix during the 2nd quarter worth approximately $36,000. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on EQIX. Mizuho increased their target price on Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. TD Cowen raised their price target on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Scotiabank raised their price target on Equinix from $954.00 to $985.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their price target on Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average price target of $952.88.

Equinix Stock Up 0.1 %

Shares of EQIX stock opened at $979.10 on Friday. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The stock has a market cap of $94.47 billion, a PE ratio of 88.29, a price-to-earnings-growth ratio of 2.51 and a beta of 0.71. The business’s fifty day moving average is $900.50 and its 200-day moving average is $831.45. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be issued a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix’s payout ratio 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 value of $467,097.79. Following the transaction, the chief accounting officer now directly owns 5,554 shares in the company, valued at $4,559,334.14. The trade was a 9.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Scott Crenshaw sold 1,107 shares of Equinix stock in a transaction on Friday, September 6th. The stock was sold at an average price of $815.60, for a total value of $902,869.20. Following the completion of the transaction, the executive vice president now owns 4 shares in the company, valued at $3,262.40. The trade was a 99.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,754 shares of company stock worth $11,666,756 in the last three months. 0.27% of the stock is currently owned by insiders.

Equinix Company 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.