7,167 Shares in Equinix, Inc. (NASDAQ:EQIX) Bought by Avanza Fonder AB

Avanza Fonder AB bought a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,167 shares of the financial services provider's stock, valued at approximately $6,758,000.

Several other large investors also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Equinix by 302.7% in the third 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 during the period. Pathway Financial Advisers LLC lifted its holdings in Equinix by 89,348.4% in the third quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider's stock worth $354,111,000 after buying an additional 398,494 shares during the period. Adelante Capital Management LLC lifted its holdings in Equinix by 202.3% in the third quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider's stock worth $456,441,000 after buying an additional 344,114 shares during the period. JPMorgan Chase & Co. lifted its holdings in Equinix by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider's stock worth $1,188,180,000 after buying an additional 203,656 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Equinix by 104.6% in the second quarter. D. E. Shaw & Co. Inc. now owns 314,741 shares of the financial services provider's stock worth $238,133,000 after buying an additional 160,906 shares during the period. 94.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on EQIX shares. Evercore ISI raised their price objective on shares of Equinix from $945.00 to $975.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Hsbc Global Res upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a report on Friday, October 4th. BMO Capital Markets lifted their target price on shares of Equinix from $975.00 to $1,020.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Barclays lifted their target price on shares of Equinix from $810.00 to $822.00 and gave the company an "equal weight" rating in a report on Monday, November 18th. Finally, Scotiabank lifted their target price on shares of Equinix from $954.00 to $985.00 and gave the company a "sector outperform" rating in a report on Thursday, October 31st. Three 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. According to data from MarketBeat.com, Equinix has an average rating of "Moderate Buy" and an average target price of $976.81.

Equinix Stock Performance

NASDAQ:EQIX traded down $4.30 during trading hours on Friday, reaching $915.59. The company had a trading volume of 623,359 shares, compared to its average volume of 411,459. 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 52 week low of $684.14 and a 52 week high of $994.03. The firm has a market cap of $88.35 billion, a price-to-earnings ratio of 82.56, a PEG ratio of 2.12 and a beta of 0.73. The firm's 50 day moving average price is $941.64 and its 200-day moving average price is $875.87.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were given a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Wednesday, November 13th. Equinix's payout ratio is 153.65%.

Insider Activity

In other news, Director Christopher B. Paisley sold 100 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $891.00, for a total transaction of $89,100.00. Following the completion of the sale, the director now owns 17,794 shares of the company's stock, valued at $15,854,454. The trade was a 0.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 sale, the executive vice president now directly owns 4,893 shares of the company's stock, valued at approximately $4,518,979.08. The trade was a 17.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,412 shares of company stock valued at $18,826,100 in the last 90 days. 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.