B. Metzler seel. Sohn & Co. Holding AG Purchases New Shares in Equinix, Inc. (NASDAQ:EQIX)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,192 shares of the financial services provider’s stock, valued at approximately $8,160,000.

Other institutional investors have also added to or reduced their stakes in the company. LRI Investments LLC bought a new stake in Equinix during the 1st quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Equinix during the 2nd quarter valued at about $30,000. GHP Investment Advisors Inc. increased its position in shares of Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares during the last quarter. Fortitude Family Office LLC raised its stake in Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC lifted its position in Equinix by 100.0% during the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Equinix Stock Up 1.5 %

EQIX stock opened at $923.00 on Wednesday. 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, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $943.02. The company has a market capitalization of $89.06 billion, a price-to-earnings ratio of 83.23, a price-to-earnings-growth ratio of 2.25 and a beta of 0.71. The business’s 50 day moving average price is $888.28 and its two-hundred day moving average price is $821.59.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Evercore ISI lifted their price target on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Cfra restated a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. Finally, The Goldman Sachs Group increased their price target on shares of Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Five 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, Equinix currently has an average rating of “Moderate Buy” and a consensus price target of $945.38.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of the firm’s 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 transaction, the director now directly owns 17,794 shares in the company, valued at $15,854,454. This trade represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles J. Meyers sold 6,234 shares of Equinix stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total value of $5,136,628.98. Following the completion of the transaction, the chairman now directly owns 7,680 shares of the company’s stock, valued at approximately $6,328,089.60. This represents a 44.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,754 shares of company stock valued at $11,666,756 in the last three months. 0.27% of the stock is currently owned by company 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.