Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Chiron Investment Management LLC

Chiron Investment Management LLC grew its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 99.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,380 shares of the financial services provider's stock after purchasing an additional 1,187 shares during the period. Chiron Investment Management LLC's holdings in Equinix were worth $2,113,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Brown Financial Advisors lifted its holdings in shares of Equinix by 6.1% during the 3rd quarter. Brown Financial Advisors now owns 1,094 shares of the financial services provider's stock worth $971,000 after acquiring an additional 63 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of Equinix by 14.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,426 shares of the financial services provider's stock worth $1,268,000 after acquiring an additional 179 shares during the period. Ashford Capital Management Inc. lifted its holdings in shares of Equinix by 223.2% during the 3rd quarter. Ashford Capital Management Inc. now owns 24,394 shares of the financial services provider's stock worth $21,653,000 after acquiring an additional 16,847 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Equinix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,350,508 shares of the financial services provider's stock worth $2,079,591,000 after acquiring an additional 33,277 shares during the period. Finally, Prestige Wealth Management Group LLC lifted its holdings in shares of Equinix by 6,847.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,181 shares of the financial services provider's stock worth $1,048,000 after acquiring an additional 1,164 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Keith D. Taylor sold 1,500 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $971.18, for a total transaction of $1,456,770.00. Following the completion of the transaction, the chief financial officer now directly owns 18,966 shares of the company's stock, valued at approximately $18,419,399.88. This represents a 7.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kurt Pletcher sold 222 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $962.20, for a total value of $213,608.40. Following the completion of the sale, the insider now directly owns 1,015 shares in the company, valued at approximately $976,633. This trade represents a 17.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,398 shares of company stock valued at $7,906,218 in the last quarter. Insiders own 0.27% of the company's stock.

Equinix Stock Up 1.2 %

EQIX stock traded up $11.77 during mid-day trading on Wednesday, hitting $973.49. 147,154 shares of the company were exchanged, compared to its average volume of 528,792. The firm has a fifty day simple moving average of $914.42 and a 200 day simple moving average of $842.36. The company has a market capitalization of $93.93 billion, a PE ratio of 87.35, a price-to-earnings-growth ratio of 2.54 and a beta of 0.72. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix's payout ratio is currently 153.65%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EQIX. BMO Capital Markets increased 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. The Goldman Sachs Group raised their price target on shares of Equinix from $870.00 to $980.00 and gave the company a "buy" rating in a report on Thursday, September 26th. Barclays raised their price target on shares of Equinix from $810.00 to $822.00 and gave the company an "equal weight" rating in a report on Monday, November 18th. TD Cowen raised their price target on shares of Equinix from $865.00 to $984.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of Equinix from $950.00 to $975.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $976.81.

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.