Equinix, Inc. (NASDAQ:EQIX) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. lowered its stake in Equinix, Inc. (NASDAQ:EQIX) by 0.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,020 shares of the financial services provider’s stock after selling 50 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Equinix were worth $5,344,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in EQIX. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Equinix during the second quarter valued at approximately $30,000. LRI Investments LLC acquired a new position in Equinix during the first quarter worth $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 valued at $35,000 after purchasing an additional 13 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Equinix by 50.0% in the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 13 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Equinix during the second quarter worth $36,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EQIX has been the subject of a number of recent research reports. Evercore ISI boosted their target price on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group raised their target price on shares of Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Truist Financial lifted their price target on shares of Equinix from $915.00 to $935.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Cfra restated a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. Finally, Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $952.88.

Equinix Stock Down 0.4 %

Equinix stock opened at $918.94 on Thursday. Equinix, Inc. has a twelve month low of $684.14 and a twelve month 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. The company has a 50 day moving average of $889.31 and a 200-day moving average of $822.27. The stock has a market capitalization of $88.67 billion, a PE ratio of 82.86, a price-to-earnings-growth ratio of 2.32 and a beta of 0.71.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders 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 1.85%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix’s dividend payout ratio is 153.65%.

Insider Activity

In other Equinix news, insider Brandi Galvin Morandi sold 864 shares of Equinix stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total value of $734,400.00. Following the sale, the insider now directly owns 9,094 shares in the company, valued at approximately $7,729,900. The trade was a 8.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher B. Paisley sold 100 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $891.00, for a total transaction of $89,100.00. Following the transaction, the director now owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,754 shares of company stock worth $11,666,756 over the last three months. Corporate insiders own 0.27% of the company’s stock.

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.