Sanctuary Advisors LLC Acquires 10,140 Shares of Equinix, Inc. (NASDAQ:EQIX)

Sanctuary Advisors LLC lifted its position in Equinix, Inc. (NASDAQ:EQIX) by 133.9% during the third quarter, HoldingsChannel.com reports. The fund owned 17,714 shares of the financial services provider’s stock after purchasing an additional 10,140 shares during the period. Sanctuary Advisors LLC’s holdings in Equinix were worth $16,587,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. GHP Investment Advisors Inc. raised its holdings in shares of Equinix by 50.0% during the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 13 shares during the period. Fortitude Family Office LLC boosted its position in Equinix by 50.0% during 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 during the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in shares of Equinix by 100.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock valued at $36,000 after buying an additional 20 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Equinix in the second quarter valued at $36,000. Finally, Dunhill Financial LLC raised its position in Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 25 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Brandi Galvin Morandi sold 863 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $915.00, for a total value of $789,645.00. Following the completion of the transaction, the insider now directly owns 8,231 shares of the company’s stock, valued at approximately $7,531,365. This trade represents a 9.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adaire Fox-Martin sold 2,965 shares of Equinix stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total value of $2,851,203.30. Following the completion of the transaction, the chief executive officer now owns 3,069 shares of the company’s stock, valued at approximately $2,951,211.78. This trade represents a 49.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,398 shares of company stock worth $7,906,218. 0.27% of the stock is owned by corporate insiders.

Equinix Trading Up 0.2 %

EQIX opened at $975.30 on Friday. The company has a fifty day moving average of $918.14 and a 200-day moving average of $844.20. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. 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 stock has a market cap of $94.11 billion, a PE ratio of 87.94, a price-to-earnings-growth ratio of 2.51 and a beta of 0.72.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were issued a dividend of $4.26 per share. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 annualized dividend and a yield of 1.75%. Equinix’s payout ratio is 153.65%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EQIX. Stifel Nicolaus increased their price objective on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Cfra reaffirmed a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. TD Cowen raised their target price on shares of Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Evercore ISI boosted their price target on Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company raised their price objective on Equinix from $985.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $976.81.

About Equinix

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.