Equinix, Inc. (NASDAQ:EQIX) Stock Position Increased by Czech National Bank

Czech National Bank lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 8.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 20,921 shares of the financial services provider's stock after purchasing an additional 1,580 shares during the quarter. Czech National Bank's holdings in Equinix were worth $19,726,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. GHP Investment Advisors Inc. grew its stake in Equinix by 50.0% during the third 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 period. Fortitude Family Office LLC increased its holdings in Equinix by 50.0% in the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 13 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Equinix in the second quarter valued at about $36,000. Sugarloaf Wealth Management LLC lifted its stake in shares of Equinix by 100.0% during the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider's stock worth $36,000 after purchasing an additional 20 shares in the last quarter. Finally, Dunhill Financial LLC boosted its position in shares of Equinix by 108.7% in the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock worth $43,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Stock Performance

NASDAQ:EQIX traded down $0.18 during midday trading on Monday, reaching $899.65. 403,427 shares of the company traded hands, compared to its average volume of 471,061. The firm has a market capitalization of $86.81 billion, a price-to-earnings ratio of 81.12, a price-to-earnings-growth ratio of 2.48 and a beta of 0.73. The company has a fifty day moving average price of $941.55 and a 200 day moving average price of $873.29. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were given a dividend of $4.26 per share. The ex-dividend date was Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.89%. Equinix's dividend payout ratio is currently 153.65%.

Analyst Upgrades and Downgrades

EQIX has been the topic of several recent research reports. TD Cowen boosted their price target on Equinix from $865.00 to $984.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. Wells Fargo & Company upped their price objective on shares of Equinix from $985.00 to $1,100.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th. Barclays lifted 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, November 18th. Finally, Stifel Nicolaus raised their price objective on Equinix from $995.00 to $1,080.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Equinix has an average rating of "Moderate Buy" and a consensus price target of $976.81.

Insider Buying and Selling

In other Equinix news, CEO Adaire Fox-Martin sold 2,965 shares of the business's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the completion of the transaction, the chief executive officer now owns 3,069 shares in the company, valued at approximately $2,951,211.78. The trade was a 49.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 1,726 shares of the firm's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $904.99, for a total value of $1,562,012.74. Following the transaction, the insider now directly owns 6,505 shares in the company, valued at $5,886,959.95. This trade represents a 20.97 % decrease in their ownership of the stock. 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. Company 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.