B. Metzler seel. Sohn & Co. Holding AG Acquires New Stake in Equinix, Inc. (NASDAQ:EQIX)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,192 shares of the financial services provider's stock, valued at approximately $8,160,000.

A number of other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Equinix in the 2nd quarter valued at $30,000. LRI Investments LLC purchased a new position in Equinix during the 1st quarter worth $31,000. GHP Investment Advisors Inc. raised its position in 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 buying an additional 13 shares during the last quarter. Fortitude Family Office LLC raised 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 buying an additional 13 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Equinix during the 2nd quarter worth $36,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Equinix

In other Equinix news, CAO Simon Miller sold 569 shares of the company's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total value of $467,097.79. Following the completion of the transaction, the chief accounting officer now owns 5,554 shares of the company's stock, valued at $4,559,334.14. This represents a 9.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan Lin sold 93 shares of the company's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $820.99, for a total value of $76,352.07. Following the completion of the transaction, the executive vice president now directly owns 7,141 shares of the company's stock, valued at approximately $5,862,689.59. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,754 shares of company stock worth $11,666,756 in the last ninety days. 0.27% of the stock is owned by company insiders.

Equinix Stock Down 0.4 %

NASDAQ EQIX traded down $4.06 during trading on Wednesday, hitting $918.94. The stock had a trading volume of 664,226 shares, compared to its average volume of 527,108. The company has a market capitalization of $88.67 billion, a PE ratio of 82.86, a P/E/G ratio of 2.25 and a beta of 0.71. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $943.02. The company's 50-day moving average price is $889.31 and its two-hundred day moving average price is $822.27. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be paid a $4.26 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $17.04 annualized dividend and a yield of 1.85%. Equinix's dividend payout ratio (DPR) is presently 153.65%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EQIX. Deutsche Bank Aktiengesellschaft increased their price target on shares of Equinix from $880.00 to $910.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. increased their price objective 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. Cfra reissued a "hold" rating on shares of Equinix in a research note on Tuesday, September 24th. TD Cowen increased their price objective on shares of Equinix from $865.00 to $984.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, Evercore ISI increased their price objective on shares of Equinix from $945.00 to $975.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $952.88.

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.