Barclays PLC Has $338.90 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Barclays PLC cut its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 12.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381,805 shares of the financial services provider's stock after selling 54,414 shares during the period. Barclays PLC owned approximately 0.40% of Equinix worth $338,902,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. GHP Investment Advisors Inc. lifted its holdings in shares of Equinix by 50.0% during the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 13 shares during the last quarter. Fortitude Family Office LLC lifted its stake in Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider's stock valued at $35,000 after buying an additional 13 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Equinix in the second quarter worth about $36,000. Sugarloaf Wealth Management LLC increased its position in shares of Equinix by 100.0% in the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider's stock worth $36,000 after acquiring an additional 20 shares in the last quarter. Finally, Dunhill Financial LLC raised its holdings in shares of Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Insiders Place Their Bets

In other Equinix news, CFO Keith D. Taylor sold 1,500 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $971.18, for a total value of $1,456,770.00. Following the completion of the sale, the chief financial officer now directly owns 18,966 shares of the company's stock, valued at $18,419,399.88. This represents a 7.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brandi Galvin Morandi sold 1,726 shares of the business's 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 transaction, the insider now owns 6,505 shares in the company, valued at approximately $5,886,959.95. The trade was a 20.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,398 shares of company stock valued at $7,906,218 in the last quarter. Insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Barclays lifted their price objective on shares of Equinix from $810.00 to $822.00 and gave the stock an "equal weight" rating in a research report on Monday, November 18th. Hsbc Global Res raised Equinix from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 4th. HSBC upgraded Equinix from a "hold" rating to a "buy" rating and raised their price objective for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. Stifel Nicolaus upped their target price on Equinix from $995.00 to $1,080.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $970.38.

Equinix Stock Performance

EQIX stock traded down $7.26 during midday trading on Tuesday, hitting $961.72. 469,414 shares of the company traded hands, compared to its average volume of 530,429. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The stock has a market capitalization of $92.80 billion, a price-to-earnings ratio of 86.72, a price-to-earnings-growth ratio of 2.54 and a beta of 0.72. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The business has a 50 day simple moving average of $912.85 and a 200-day simple moving average of $840.99.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors 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 annualized dividend and a yield of 1.77%. Equinix's dividend payout ratio (DPR) is presently 153.65%.

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.