Mizuho Securities USA LLC Sells 1,158 Shares of Equinix, Inc. (NASDAQ:EQIX)

Mizuho Securities USA LLC reduced its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 15.8% in the third quarter, HoldingsChannel reports. The firm owned 6,157 shares of the financial services provider’s stock after selling 1,158 shares during the quarter. Mizuho Securities USA LLC’s holdings in Equinix were worth $5,465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in EQIX. BDF Gestion bought a new position in Equinix in the second quarter worth approximately $2,659,000. Van ECK Associates Corp raised its holdings in Equinix by 9.2% in the 3rd quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider’s stock worth $18,099,000 after purchasing an additional 1,716 shares during the period. Bessemer Group Inc. lifted its position in Equinix by 159.4% during the first quarter. Bessemer Group Inc. now owns 2,246 shares of the financial services provider’s stock valued at $1,854,000 after purchasing an additional 1,380 shares in the last quarter. E. Ohman J or Asset Management AB grew its holdings in 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 valued at $33,215,000 after purchasing an additional 1,103 shares during the period. Finally, Duff & Phelps Investment Management Co. increased its position in Equinix by 25.9% in the second quarter. Duff & Phelps Investment Management Co. now owns 369,437 shares of the financial services provider’s stock worth $279,516,000 after buying an additional 75,888 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

Shares of Equinix stock opened at $925.72 on Friday. The stock has a 50 day moving average price of $890.45 and a 200-day moving average price of $822.99. Equinix, Inc. has a one year low of $684.14 and a one year high of $943.02. The stock has a market cap of $89.32 billion, a price-to-earnings ratio of 83.47, a price-to-earnings-growth ratio of 2.32 and a beta of 0.71. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be paid a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Wednesday, November 13th. Equinix’s dividend payout ratio is currently 153.65%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EQIX. HSBC raised shares of Equinix from a “hold” rating to a “buy” rating and increased their target price for the stock from $865.00 to $1,000.00 in a report on Friday, October 4th. Cfra restated a “hold” rating on shares of Equinix in a research note on Tuesday, September 24th. Scotiabank increased their price target on Equinix from $954.00 to $985.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 31st. Barclays upped their price objective on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Evercore ISI boosted their price target on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $952.88.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on Monday, November 18th. The stock was 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 directly owns 17,794 shares in the company, valued at approximately $15,854,454. This trade represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 864 shares of Equinix stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total transaction of $734,400.00. Following the sale, the insider now owns 9,094 shares of the company’s stock, valued at $7,729,900. The trade was a 8.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,754 shares of company stock worth $11,666,756. 0.27% of the stock is currently owned by insiders.

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.