Equinix, Inc. (NASDAQ:EQIX) Shares Sold by LMR Partners LLP

LMR Partners LLP cut its position in Equinix, Inc. (NASDAQ:EQIX) by 31.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,784 shares of the financial services provider’s stock after selling 5,877 shares during the period. LMR Partners LLP’s holdings in Equinix were worth $11,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in EQIX. Intech Investment Management LLC boosted its stake in shares of Equinix by 151.0% in the first quarter. Intech Investment Management LLC now owns 1,634 shares of the financial services provider’s stock worth $1,349,000 after acquiring an additional 983 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in Equinix during the first quarter worth $237,000. Edgestream Partners L.P. boosted its stake in Equinix by 191.8% during the first quarter. Edgestream Partners L.P. now owns 1,360 shares of the financial services provider’s stock worth $1,122,000 after buying an additional 894 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Equinix by 13.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,793 shares of the financial services provider’s stock worth $5,607,000 after buying an additional 793 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in Equinix by 159.4% during the first 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 last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Equinix

In other Equinix news, EVP Raouf Abdel sold 1,022 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $923.56, for a total value of $943,878.32. Following the transaction, the executive vice president now directly owns 4,893 shares in the company, valued at $4,518,979.08. This represents a 17.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Simon Miller sold 569 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 5,554 shares in the company, valued at approximately $4,559,334.14. The trade was a 9.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,654 shares of company stock valued at $11,577,656 in the last quarter. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the topic of a number of recent research reports. Mizuho boosted their price objective on Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. boosted their price objective on Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Cfra restated a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. BMO Capital Markets lifted their target price on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $944.63.

Equinix Price Performance

EQIX stock opened at $897.37 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $86.59 billion, a P/E ratio of 80.92, a P/E/G ratio of 2.25 and a beta of 0.71. The business’s 50-day moving average is $885.56 and its two-hundred day moving average is $818.53. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $943.02.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be given a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Wednesday, November 13th. Equinix’s dividend payout ratio is currently 153.65%.

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.