Atria Investments Inc Purchases 1,042 Shares of Equinix, Inc. (NASDAQ:EQIX)

Atria Investments Inc increased its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 14.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,495 shares of the financial services provider's stock after purchasing an additional 1,042 shares during the period. Atria Investments Inc's holdings in Equinix were worth $7,541,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Essex Savings Bank acquired a new position in shares of Equinix in the 3rd quarter valued at $215,000. Lindbrook Capital LLC raised its holdings in shares of Equinix by 12.4% in the 3rd quarter. Lindbrook Capital LLC now owns 543 shares of the financial services provider's stock valued at $482,000 after purchasing an additional 60 shares during the period. Assetmark Inc. raised its holdings in shares of Equinix by 6.2% in the 3rd quarter. Assetmark Inc. now owns 4,813 shares of the financial services provider's stock valued at $4,272,000 after purchasing an additional 279 shares during the period. Pegasus Partners Ltd. raised its holdings in Equinix by 29.2% in the 3rd quarter. Pegasus Partners Ltd. now owns 509 shares of the financial services provider's stock valued at $452,000 after acquiring an additional 115 shares during the period. Finally, Windward Capital Management Co. CA bought a new position in Equinix in the 3rd quarter valued at about $355,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Stock Down 1.1 %

Shares of NASDAQ:EQIX traded down $10.48 during midday trading on Tuesday, hitting $903.02. 810,357 shares of the company's stock were exchanged, compared to its average volume of 528,598. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $943.02. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a 50 day moving average price of $879.56 and a 200-day moving average price of $813.36. The company has a market cap of $87.13 billion, a PE ratio of 82.37, a price-to-earnings-growth ratio of 2.31 and a beta of 0.71.

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 given a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Wednesday, November 13th. Equinix's payout ratio is 153.65%.

Insider Buying and Selling at Equinix

In related news, EVP Raouf Abdel sold 1,022 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $923.56, for a total transaction of $943,878.32. Following the sale, the executive vice president now directly owns 4,893 shares in the company, valued at approximately $4,518,979.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Equinix news, EVP Raouf Abdel sold 1,022 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $923.56, for a total value of $943,878.32. Following the sale, the executive vice president now directly owns 4,893 shares in the company, valued at $4,518,979.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Meredith Williamson sold 576 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $824.19, for a total transaction of $474,733.44. The disclosure for this sale can be found here. Insiders have sold a total of 13,654 shares of company stock worth $11,577,656 over the last three months. 0.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EQIX shares. Cfra restated a "hold" rating on shares of Equinix in a research report on Tuesday, September 24th. Wells Fargo & Company boosted their target price on shares of Equinix from $875.00 to $975.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Equinix from $880.00 to $910.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. BMO Capital Markets lifted their price target 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. Finally, Scotiabank boosted their target price 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. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $944.63.

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.