Banco Santander S.A. Sells 7,129 Shares of Equinix, Inc. (NASDAQ:EQIX)

Banco Santander S.A. decreased its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 55.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,732 shares of the financial services provider's stock after selling 7,129 shares during the quarter. Banco Santander S.A.'s holdings in Equinix were worth $5,088,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EQIX. GS Investments Inc. raised its stake in shares of Equinix by 0.5% in the third quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider's stock worth $2,087,000 after buying an additional 12 shares during the period. Cypress Capital Group raised its stake in shares of Equinix by 52.5% in the third quarter. Cypress Capital Group now owns 877 shares of the financial services provider's stock worth $778,000 after buying an additional 302 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Equinix by 200.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 149,274 shares of the financial services provider's stock worth $132,500,000 after buying an additional 99,577 shares during the period. Cornerstone Advisors LLC raised its stake in shares of Equinix by 51.9% in the third quarter. Cornerstone Advisors LLC now owns 4,100 shares of the financial services provider's stock worth $3,639,000 after buying an additional 1,400 shares during the period. Finally, Citizens Financial Group Inc. RI bought a new position in shares of Equinix in the third quarter worth about $239,000. Institutional investors own 94.94% of the company's stock.

Equinix Trading Up 1.4 %

Shares of Equinix stock traded up $12.77 on Friday, reaching $936.37. The company had a trading volume of 512,790 shares, compared to its average volume of 526,589. The firm has a market cap of $90.35 billion, a price-to-earnings ratio of 84.43, a P/E/G ratio of 2.32 and a beta of 0.71. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The firm's 50-day moving average price is $891.74 and its two-hundred day moving average price is $824.67. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $943.02.

Equinix Dividend Announcement

The firm 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 dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Wednesday, November 13th. Equinix's dividend payout ratio is currently 153.65%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EQIX. Barclays raised their price objective on Equinix from $810.00 to $822.00 and gave the stock an "equal weight" rating in a research note on Monday. Mizuho raised their price objective on Equinix from $873.00 to $971.00 and gave the stock an "outperform" rating in a research note on Thursday, September 12th. TD Cowen lifted their target price on Equinix from $865.00 to $984.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. The Goldman Sachs Group lifted their target price on Equinix from $870.00 to $980.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Finally, Stifel Nicolaus lifted their target price on Equinix from $995.00 to $1,080.00 and gave the company a "buy" rating in a research note on Wednesday. Five 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $952.88.

Insider Buying and Selling

In related news, CAO Simon Miller sold 569 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total transaction of $467,097.79. Following the completion of the sale, the chief accounting officer now directly owns 5,554 shares of the company's stock, valued at approximately $4,559,334.14. This trade represents a 9.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brandi Galvin Morandi sold 864 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total value of $734,400.00. Following the sale, the insider now directly owns 9,094 shares of the company's stock, valued at $7,729,900. This represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,754 shares of company stock valued at $11,666,756. 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.