UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 813,666 Shares of Equinix, Inc. (NASDAQ:EQIX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 302.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,082,455 shares of the financial services provider’s stock after acquiring an additional 813,666 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.12% of Equinix worth $960,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of EQIX. LRI Investments LLC bought a new stake in Equinix during the first quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Equinix during the 2nd quarter valued at about $30,000. GHP Investment Advisors Inc. grew its stake in shares of 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 acquiring an additional 13 shares during the period. Fortitude Family Office LLC increased its holdings in 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, Sugarloaf Wealth Management LLC raised its stake in Equinix by 100.0% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 20 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EQIX has been the subject of a number of recent analyst reports. Cfra reiterated a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. JPMorgan Chase & Co. raised their price target on Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Truist Financial boosted their price objective on Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Evercore ISI increased 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. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $952.88.

Insider Activity

In other Equinix news, EVP Raouf Abdel sold 1,022 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $923.56, for a total transaction of $943,878.32. Following the transaction, the executive vice president now owns 4,893 shares in the company, valued at $4,518,979.08. The trade was a 17.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jonathan Lin sold 93 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.99, for a total transaction of $76,352.07. Following the completion of the sale, the executive vice president now directly owns 7,141 shares in the company, valued at approximately $5,862,689.59. This represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,754 shares of company stock valued at $11,666,756. 0.27% of the stock is currently owned by insiders.

Equinix Stock Up 0.1 %

Shares of NASDAQ:EQIX opened at $979.10 on Thursday. The company has a 50-day moving average price of $898.34 and a 200 day moving average price of $830.42. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The company has a market cap of $94.47 billion, a price-to-earnings ratio of 88.29, a PEG ratio of 2.51 and a beta of 0.71.

Equinix Dividend Announcement

The business 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 $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is 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.