BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 99,577 Shares of Equinix, Inc. (NASDAQ:EQIX)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 200.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,274 shares of the financial services provider's stock after acquiring an additional 99,577 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.15% of Equinix worth $132,500,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in Equinix by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider's stock worth $1,681,256,000 after acquiring an additional 5,910 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Equinix by 3.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,391,567 shares of the financial services provider's stock valued at $1,148,504,000 after purchasing an additional 47,795 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Equinix by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,333,992 shares of the financial services provider's stock worth $1,009,293,000 after purchasing an additional 19,844 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Equinix by 21.5% in the 2nd quarter. Clearbridge Investments LLC now owns 902,493 shares of the financial services provider's stock worth $682,826,000 after buying an additional 159,576 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Equinix by 7.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 879,999 shares of the financial services provider's stock valued at $665,807,000 after buying an additional 59,343 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. TD Cowen raised 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. Scotiabank raised their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of Equinix from $950.00 to $975.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Hsbc Global Res raised Equinix from a "hold" rating to a "strong-buy" rating in a report on Friday, October 4th. Finally, Barclays increased their price objective on shares of Equinix from $810.00 to $822.00 and gave the stock an "equal weight" rating in a research note on Monday. Five 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 Activity at Equinix

In other Equinix news, CAO Simon Miller sold 569 shares of the company'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 sale, the chief accounting officer now directly owns 5,554 shares in the company, valued at $4,559,334.14. This represents a 9.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the transaction, the director now 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. Insiders have sold a total of 13,754 shares of company stock valued at $11,666,756 over the last 90 days. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Down 0.4 %

EQIX opened at $918.94 on Thursday. 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 has a market capitalization of $88.67 billion, a PE ratio of 82.86, a price-to-earnings-growth ratio of 2.32 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 firm has a 50-day simple moving average of $889.31 and a two-hundred day simple moving average of $822.27.

Equinix Dividend Announcement

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

Equinix 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.

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