Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Avestar Capital LLC

Avestar Capital LLC raised its stake in Equinix, Inc. (NASDAQ:EQIX) by 13.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 921 shares of the financial services provider’s stock after acquiring an additional 106 shares during the period. Avestar Capital LLC’s holdings in Equinix were worth $818,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Equinix in the 2nd quarter valued at about $30,000. LRI Investments LLC acquired a new stake in Equinix in the 1st quarter valued at approximately $31,000. GHP Investment Advisors Inc. raised its stake 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 acquiring an additional 13 shares in the last quarter. Fortitude Family Office LLC boosted its position in Equinix by 50.0% during 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 during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Equinix during the second quarter valued at $36,000. 94.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on EQIX. JPMorgan Chase & Co. raised their target price on shares of Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft upped their price objective on Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Mizuho upped their price target on shares of Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Finally, Evercore ISI raised their price objective on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Five 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $952.88.

Equinix Trading Up 0.4 %

Shares of NASDAQ EQIX opened at $978.26 on Wednesday. The stock has a market cap of $94.39 billion, a price-to-earnings ratio of 88.21, a PEG ratio of 2.51 and a beta of 0.71. The business has a 50 day simple moving average of $895.98 and a 200 day simple moving average of $829.37. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $982.69.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors 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 yield of 1.74%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix’s dividend payout ratio is presently 153.65%.

Insiders Place Their Bets

In related news, EVP Raouf Abdel sold 1,022 shares of Equinix stock in a transaction on Friday, November 8th. The shares were sold at an average price of $923.56, for a total value 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. This trade represents a 17.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Scott Crenshaw sold 1,107 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $815.60, for a total transaction of $902,869.20. Following the sale, the executive vice president now owns 4 shares of the company’s stock, valued at $3,262.40. This trade represents a 99.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,754 shares of company stock valued at $11,666,756 over the last three months. 0.27% of the stock is currently owned by insiders.

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.