Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. trimmed its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,486 shares of the financial services provider’s stock after selling 312 shares during the quarter. Logan Capital Management Inc.’s holdings in Equinix were worth $3,982,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several research firms have recently weighed in on EQIX. HSBC raised shares of Equinix from a “hold” rating to a “buy” rating and boosted their target price for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. Evercore ISI boosted their price objective on Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Barclays increased their target price on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. The Goldman Sachs Group lifted their target price on Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Wells Fargo & Company upped their price target on Equinix from $985.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Tuesday. Four research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $976.81.

Equinix Stock Down 1.1 %

EQIX stock opened at $965.00 on Friday. 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 firm’s 50-day simple moving average is $919.91 and its 200 day simple moving average is $845.58. The stock has a market cap of $93.11 billion, a PE ratio of 87.02, a price-to-earnings-growth ratio of 2.51 and a beta of 0.72. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were paid a $4.26 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.77%. Equinix’s payout ratio is currently 153.65%.

Insider Transactions at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 1,726 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $904.99, for a total transaction of $1,562,012.74. Following the sale, the insider now directly owns 6,505 shares in the company, valued at approximately $5,886,959.95. The trade was a 20.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adaire Fox-Martin sold 2,965 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total transaction 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 $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 three months, insiders sold 8,398 shares of company stock worth $7,906,218. Company insiders own 0.27% of the company’s stock.

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.