Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Atomi Financial Group Inc.

Atomi Financial Group Inc. raised its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 23.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,340 shares of the financial services provider's stock after acquiring an additional 836 shares during the quarter. Atomi Financial Group Inc.'s holdings in Equinix were worth $4,093,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. raised its position in Equinix by 50.0% during the 3rd 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 in the last quarter. Fortitude Family Office LLC boosted its position in shares of Equinix by 50.0% in the 3rd 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. Sugarloaf Wealth Management LLC grew its position in Equinix by 100.0% during the 3rd 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 last quarter. Dunhill Financial LLC lifted its position in Equinix by 108.7% during the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock worth $43,000 after acquiring an additional 25 shares during the period. Finally, Webster Bank N. A. boosted its position in Equinix by 112.5% in the third quarter. Webster Bank N. A. now owns 51 shares of the financial services provider's stock valued at $45,000 after buying an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EQIX shares. Royal Bank of Canada increased their price target on Equinix from $936.00 to $1,025.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Scotiabank lifted 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. BMO Capital Markets raised their price target on shares of Equinix from $975.00 to $1,020.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Barclays upped 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. Finally, Evercore ISI raised their target price on Equinix from $945.00 to $975.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Equinix presently has an average rating of "Moderate Buy" and an average target price of $976.81.

Equinix Stock Up 2.0 %

Shares of NASDAQ:EQIX traded up $18.41 on Tuesday, hitting $934.00. 593,816 shares of the company's stock were exchanged, compared to its average volume of 531,676. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The company has a market capitalization of $90.12 billion, a PE ratio of 84.22, a P/E/G ratio of 2.18 and a beta of 0.73. The firm's 50-day moving average is $941.69 and its 200 day moving average is $878.78.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were paid a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 1.82%. The ex-dividend date was Wednesday, November 13th. Equinix's dividend payout ratio is presently 153.65%.

Insider Buying and Selling

In other news, Director Christopher B. Paisley sold 100 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the sale, the director now directly owns 17,794 shares in the company, valued at $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adaire Fox-Martin sold 2,965 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 3,069 shares in the company, valued at approximately $2,951,211.78. This trade represents a 49.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,412 shares of company stock valued at $18,826,100 over the last three months. 0.27% of the stock is currently owned by company insiders.

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.