Duff & Phelps Investment Management Co. Buys 55,098 Shares of Equinix, Inc. (NASDAQ:EQIX)

Duff & Phelps Investment Management Co. grew its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 14.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 424,535 shares of the financial services provider's stock after acquiring an additional 55,098 shares during the quarter. Equinix accounts for approximately 4.3% of Duff & Phelps Investment Management Co.'s investment portfolio, making the stock its biggest position. Duff & Phelps Investment Management Co. owned about 0.44% of Equinix worth $376,830,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of EQIX. GHP Investment Advisors Inc. raised its holdings in Equinix by 50.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 13 shares in the last quarter. Fortitude Family Office LLC increased its position in shares of Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider's stock worth $35,000 after purchasing an additional 13 shares during the period. Meeder Asset Management Inc. acquired a new position in Equinix in the second quarter valued at about $36,000. Sugarloaf Wealth Management LLC lifted its position in 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 during the period. Finally, Dunhill Financial LLC grew its stake in Equinix by 108.7% during 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 in the last quarter. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Equinix from $810.00 to $822.00 and gave the company an "equal weight" rating in a research note on Monday, November 18th. Evercore ISI boosted their price target on Equinix from $945.00 to $975.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. HSBC raised Equinix from a "hold" rating to a "buy" rating and raised their price objective for the company from $865.00 to $1,000.00 in a research note on Friday, October 4th. The Goldman Sachs Group boosted their target price on Equinix from $870.00 to $980.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. 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 research note on Tuesday, October 1st. Four 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 a consensus rating of "Moderate Buy" and an average price target of $962.56.

Equinix Trading Down 1.6 %

Shares of Equinix stock traded down $16.02 during trading on Monday, hitting $968.98. The company's stock had a trading volume of 476,070 shares, compared to its average volume of 530,687. The stock has a market cap of $93.50 billion, a price-to-earnings ratio of 88.82, a price-to-earnings-growth ratio of 2.54 and a beta of 0.72. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The stock has a 50-day moving average price of $911.22 and a two-hundred day moving average price of $839.57. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be paid a $4.26 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.76%. Equinix's payout ratio is 153.65%.

Insider Transactions at Equinix

In other Equinix news, EVP Raouf Abdel sold 1,022 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $923.56, for a total transaction of $943,878.32. Following the completion of the sale, the executive vice president now directly owns 4,893 shares in the company, valued at approximately $4,518,979.08. This trade represents a 17.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Adaire Fox-Martin sold 2,965 shares of the business's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $961.62, for a total value of $2,851,203.30. Following the completion of the transaction, the chief executive officer now directly owns 3,069 shares in the company, valued at $2,951,211.78. This represents a 49.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,262 shares of company stock worth $8,640,618 over the last ninety days. 0.27% of the stock is owned by insiders.

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.