Aigen Investment Management LP Has $461,000 Stake in Equinix, Inc. (NASDAQ:EQIX)

Aigen Investment Management LP lessened its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 53.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 519 shares of the financial services provider's stock after selling 603 shares during the quarter. Aigen Investment Management LP's holdings in Equinix were worth $461,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Cypress Capital Group grew its position in Equinix by 2.3% in the 2nd quarter. Cypress Capital Group now owns 575 shares of the financial services provider's stock worth $435,000 after purchasing an additional 13 shares during the last quarter. MRA Advisory Group grew its holdings in shares of Equinix by 3.2% during the second quarter. MRA Advisory Group now owns 419 shares of the financial services provider's stock worth $317,000 after purchasing an additional 13 shares during the last quarter. GHP Investment Advisors Inc. increased its position 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 lifted its position in shares of Equinix by 50.0% during 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 in the last quarter. Finally, Banco Santander S.A. increased its holdings in shares of Equinix by 2.0% in the first quarter. Banco Santander S.A. now owns 699 shares of the financial services provider's stock valued at $577,000 after purchasing an additional 14 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EQIX has been the topic of several research reports. The Goldman Sachs Group upped their price target on Equinix from $870.00 to $980.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Hsbc Global Res raised Equinix from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 4th. Truist Financial boosted their target price on Equinix from $915.00 to $935.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Scotiabank boosted their price objective 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. Finally, 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 research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Equinix presently has a consensus rating of "Moderate Buy" and an average target price of $944.63.

Insiders Place Their Bets

In related news, EVP Raouf Abdel sold 1,022 shares of Equinix stock in a transaction that occurred on 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 of the company's stock, valued at approximately $4,518,979.08. This trade represents a 17.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jonathan Lin sold 93 shares of the business's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $820.99, for a total transaction of $76,352.07. Following the completion of the sale, the executive vice president now directly owns 7,141 shares of the company's stock, valued at $5,862,689.59. This represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,654 shares of company stock valued at $11,577,656 in the last 90 days. 0.27% of the stock is currently owned by insiders.

Equinix Stock Down 0.1 %

Shares of EQIX traded down $0.75 during mid-day trading on Friday, hitting $897.37. 368,698 shares of the company's stock were exchanged, compared to its average volume of 526,622. The company has a 50-day simple moving average of $883.98 and a 200 day simple moving average of $815.75. 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 company has a market cap of $86.59 billion, a PE ratio of 80.53, a P/E/G ratio of 2.26 and a beta of 0.71. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $943.02.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders 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 yield of 1.90%. Equinix's payout ratio is currently 153.65%.

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.