Erste Asset Management GmbH Invests $36.41 Million in Equinix, Inc. (NASDAQ:EQIX)

Erste Asset Management GmbH bought a new stake in Equinix, Inc. (NASDAQ:EQIX) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 41,208 shares of the financial services provider’s stock, valued at approximately $36,411,000.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Equinix by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider’s stock valued at $1,681,256,000 after purchasing an additional 5,910 shares during the period. Dimensional Fund Advisors LP grew its holdings in Equinix by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,333,992 shares of the financial services provider’s stock valued at $1,009,293,000 after purchasing an additional 19,844 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Equinix by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,134,171 shares of the financial services provider’s stock worth $1,006,724,000 after buying an additional 53,729 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Equinix by 302.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider’s stock worth $960,820,000 after buying an additional 813,666 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in Equinix by 21.5% in the 2nd quarter. Clearbridge Investments LLC now owns 902,493 shares of the financial services provider’s stock valued at $682,826,000 after buying an additional 159,576 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Equinix news, Chairman Charles J. Meyers sold 6,234 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were 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 owns 7,680 shares in the company, valued at approximately $6,328,089.60. This represents a 44.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brandi Galvin Morandi sold 1,726 shares of Equinix stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $904.99, for a total value 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. This trade represents a 20.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,754 shares of company stock valued at $11,666,756 in the last quarter. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EQIX shares. Truist Financial boosted their price target on Equinix from $935.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday. Cfra reaffirmed a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. HSBC raised shares of Equinix from a “hold” rating to a “buy” rating and raised their price target for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. Wells Fargo & Company upped their price target on shares of Equinix from $875.00 to $975.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. 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 given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $962.56.

Equinix Trading Up 0.2 %

NASDAQ:EQIX opened at $981.48 on Friday. The firm has a market capitalization of $94.70 billion, a P/E ratio of 88.50, a P/E/G ratio of 2.53 and a beta of 0.71. The business has a 50 day simple moving average of $902.59 and a 200 day simple moving average of $833.17. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be given a dividend of $4.26 per share. The ex-dividend date is Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.74%. Equinix’s dividend payout ratio is currently 153.65%.

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.