Banque Cantonale Vaudoise Acquires 595 Shares of Equinix, Inc. (NASDAQ:EQIX)

Banque Cantonale Vaudoise boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 9.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,219 shares of the financial services provider's stock after purchasing an additional 595 shares during the period. Banque Cantonale Vaudoise's holdings in Equinix were worth $6,407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EQIX. Intech Investment Management LLC boosted its holdings in Equinix by 151.0% in the first quarter. Intech Investment Management LLC now owns 1,634 shares of the financial services provider's stock valued at $1,349,000 after acquiring an additional 983 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of Equinix during the first quarter valued at about $237,000. Edgestream Partners L.P. raised its stake in Equinix by 191.8% in the first quarter. Edgestream Partners L.P. now owns 1,360 shares of the financial services provider's stock worth $1,122,000 after buying an additional 894 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Equinix by 13.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 6,793 shares of the financial services provider's stock worth $5,607,000 after buying an additional 793 shares during the period. Finally, Bessemer Group Inc. boosted its position in Equinix by 159.4% during the 1st quarter. Bessemer Group Inc. now owns 2,246 shares of the financial services provider's stock valued at $1,854,000 after acquiring an additional 1,380 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insiders Place Their Bets

In related news, CAO Simon Miller sold 569 shares of the stock in a transaction dated 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 owns 5,554 shares in the company, valued at approximately $4,559,334.14. This trade represents a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Scott Crenshaw sold 1,107 shares of Equinix stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $815.60, for a total value of $902,869.20. Following the sale, the executive vice president now directly owns 4 shares in the company, valued at $3,262.40. This trade represents a 99.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,754 shares of company stock valued at $11,666,756. Insiders own 0.27% of the company's stock.

Equinix Stock Performance

EQIX traded up $13.52 during mid-day trading on Tuesday, reaching $923.00. 545,044 shares of the company traded hands, compared to its average volume of 526,496. The stock has a market capitalization of $89.06 billion, a P/E ratio of 83.25, a P/E/G ratio of 2.25 and a beta of 0.71. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $943.02. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The company's fifty day moving average price is $887.12 and its 200-day moving average price is $820.02.

Equinix Dividend Announcement

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 given 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 payout ratio is 153.65%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EQIX. Barclays increased their target price on Equinix from $810.00 to $822.00 and gave the stock an "equal weight" rating in a research report on Monday. Evercore ISI raised their price objective on Equinix from $945.00 to $975.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Truist Financial upped their target price on shares of Equinix from $915.00 to $935.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. BMO Capital Markets upped their price objective on shares of Equinix from $975.00 to $1,020.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Equinix from $950.00 to $975.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Equinix presently has an average rating of "Moderate Buy" and an average target price of $945.38.

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.