Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Dearborn Partners LLC

Dearborn Partners LLC lowered its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,908 shares of the financial services provider's stock after selling 909 shares during the quarter. Dearborn Partners LLC's holdings in Equinix were worth $26,547,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BDF Gestion purchased a new position in Equinix in the 2nd quarter worth approximately $2,659,000. Van ECK Associates Corp lifted its holdings in shares of Equinix by 9.2% during the third quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider's stock valued at $18,099,000 after purchasing an additional 1,716 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Equinix by 159.4% during the first quarter. Bessemer Group Inc. now owns 2,246 shares of the financial services provider's stock valued at $1,854,000 after buying an additional 1,380 shares during the last quarter. E. Ohman J or Asset Management AB increased its holdings in Equinix by 3.0% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider's stock worth $33,215,000 after buying an additional 1,103 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. raised its position in Equinix by 25.9% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 369,437 shares of the financial services provider's stock worth $279,516,000 after buying an additional 75,888 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Price Performance

Shares of EQIX traded down $0.97 during mid-day trading on Friday, hitting $897.15. 203,726 shares of the stock were exchanged, compared to its average volume of 525,878. The firm has a 50-day moving average of $883.98 and a two-hundred day moving average of $815.75. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $943.02. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $86.57 billion, a PE ratio of 80.53, a price-to-earnings-growth ratio of 2.26 and a beta of 0.71.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be issued a $4.26 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.90%. Equinix's dividend payout ratio (DPR) is presently 153.65%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EQIX shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Equinix from $880.00 to $910.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Truist Financial raised their price target on Equinix from $915.00 to $935.00 and gave the stock a "buy" rating in a research note on Wednesday, August 21st. Hsbc Global Res upgraded Equinix from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 4th. The Goldman Sachs Group upped their price target on shares of Equinix from $870.00 to $980.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Finally, TD Cowen raised their price objective on shares of Equinix from $865.00 to $984.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Five investment 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $944.63.

Insider Activity

In related news, Chairman Charles J. Meyers sold 6,234 shares of the business's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the completion of the transaction, the chairman now owns 7,680 shares in the company, valued at $6,328,089.60. The trade was a 44.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brandi Galvin Morandi sold 864 shares of the business's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total transaction of $734,400.00. Following the completion of the sale, the insider now directly owns 9,094 shares of the company's stock, valued at approximately $7,729,900. This trade 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 have sold 13,654 shares of company stock worth $11,577,656. 0.27% of the stock is currently owned by corporate insiders.

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.