Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Ashford Capital Management Inc.

Ashford Capital Management Inc. boosted its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 223.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 24,394 shares of the financial services provider's stock after acquiring an additional 16,847 shares during the quarter. Equinix accounts for about 2.7% of Ashford Capital Management Inc.'s portfolio, making the stock its 15th biggest holding. Ashford Capital Management Inc.'s holdings in Equinix were worth $21,653,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. GHP Investment Advisors Inc. boosted its holdings 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 worth $35,000 after purchasing an additional 13 shares during the last quarter. Fortitude Family Office LLC grew 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 valued at $35,000 after buying an additional 13 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Equinix in the 2nd quarter worth $36,000. Sugarloaf Wealth Management LLC raised its holdings in shares of 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. Finally, Dunhill Financial LLC raised its holdings in shares of Equinix by 108.7% during the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock worth $43,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Price Performance

Shares of NASDAQ EQIX traded down $7.26 during trading on Tuesday, reaching $961.72. The company had a trading volume of 466,111 shares, compared to its average volume of 530,407. 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 twelve month low of $684.14 and a twelve month high of $994.03. The stock has a 50-day moving average price of $912.85 and a two-hundred day moving average price of $840.99. The stock has a market capitalization of $92.80 billion, a PE ratio of 86.72, a price-to-earnings-growth ratio of 2.54 and a beta of 0.72.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be issued a $4.26 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.77%. Equinix's dividend payout ratio (DPR) is 153.65%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. HSBC upgraded 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 report on Friday, October 4th. Truist Financial increased their price target on Equinix from $935.00 to $1,090.00 and gave the stock a "buy" rating in a report on Friday, November 29th. Barclays upped their target price on shares of Equinix from $810.00 to $822.00 and gave the company an "equal weight" rating in a research report on Monday, November 18th. Mizuho lifted their price target on shares of Equinix from $873.00 to $971.00 and gave the company an "outperform" rating in a research report on Thursday, September 12th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Equinix from $880.00 to $910.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Equinix presently has a consensus rating of "Moderate Buy" and a consensus price target of $970.38.

Insiders Place Their Bets

In other Equinix news, CFO Keith D. Taylor sold 1,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $971.18, for a total transaction of $1,456,770.00. Following the transaction, the chief financial officer now owns 18,966 shares of the company's stock, valued at $18,419,399.88. This trade represents a 7.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 100 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the sale, the director now directly owns 17,794 shares of the company's stock, valued at approximately $15,854,454. This trade represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,398 shares of company stock valued at $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.