Mizuho Securities USA LLC Boosts Holdings in Equinix, Inc. (NASDAQ:EQIX)

Mizuho Securities USA LLC increased its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 202.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,124 shares of the financial services provider's stock after purchasing an additional 14,809 shares during the period. Mizuho Securities USA LLC's holdings in Equinix were worth $19,638,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Pathway Financial Advisers LLC grew its position in shares of Equinix by 89,348.4% during the third quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider's stock valued at $354,111,000 after purchasing an additional 398,494 shares in the last quarter. Swedbank AB bought a new stake in Equinix in the 1st quarter worth approximately $294,526,000. Principal Financial Group Inc. raised its holdings in shares of Equinix by 14.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,888,191 shares of the financial services provider's stock worth $1,428,606,000 after acquiring an additional 238,883 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Equinix during the first quarter valued at $145,308,000. Finally, D. E. Shaw & Co. Inc. lifted its position in Equinix by 104.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 314,741 shares of the financial services provider's stock valued at $238,133,000 after purchasing an additional 160,906 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Transactions at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 1,726 shares of Equinix stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $904.99, for a total transaction of $1,562,012.74. Following the completion of the sale, the insider now owns 6,505 shares of the company's stock, valued at approximately $5,886,959.95. The trade was a 20.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Charles J. Meyers sold 6,234 shares of the business's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total value of $5,136,628.98. Following the sale, the chairman now owns 7,680 shares in the company, valued at approximately $6,328,089.60. The trade was a 44.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,654 shares of company stock valued at $11,577,656 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.

Equinix Stock Down 0.1 %

Shares of NASDAQ:EQIX traded down $0.75 during trading on Friday, reaching $897.37. The stock had a trading volume of 368,707 shares, compared to its average volume of 526,622. The firm's 50-day simple moving average is $885.56 and its 200 day simple moving average is $816.93. 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, Inc. has a one year low of $684.14 and a one year high of $943.02. The company has a market capitalization of $86.59 billion, a P/E ratio of 80.92, a PEG ratio of 2.26 and a beta of 0.71.

Equinix Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on EQIX. Mizuho increased their price target on shares of Equinix from $873.00 to $971.00 and gave the company an "outperform" rating in a report on Thursday, September 12th. BMO Capital Markets lifted their target price on Equinix from $975.00 to $1,020.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. TD Cowen increased their price target on Equinix from $865.00 to $984.00 and gave the company a "buy" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price objective 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. Finally, Barclays increased their target price on shares of Equinix from $671.00 to $810.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $944.63.

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.