American Assets Capital Advisers LLC Trims Stock Position in Equinix, Inc. (NASDAQ:EQIX)

American Assets Capital Advisers LLC lowered its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 6.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,233 shares of the financial services provider's stock after selling 1,878 shares during the period. Equinix comprises about 8.0% of American Assets Capital Advisers LLC's portfolio, making the stock its 2nd biggest holding. American Assets Capital Advisers LLC's holdings in Equinix were worth $25,948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EQIX. LRI Investments LLC bought a new position in shares of Equinix in the 1st quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Equinix during the second quarter valued at about $30,000. GHP Investment Advisors Inc. grew 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 worth $35,000 after purchasing an additional 13 shares during the last quarter. Fortitude Family Office LLC increased its stake in shares of Equinix by 50.0% in 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 during the period. Finally, Sugarloaf Wealth Management LLC raised its holdings in Equinix by 100.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider's stock valued at $36,000 after buying an additional 20 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EQIX has been the subject of several recent research reports. The Goldman Sachs Group upped their price target on shares of Equinix from $870.00 to $980.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Barclays boosted their target price on shares of Equinix from $671.00 to $810.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. Evercore ISI lifted their price objective on Equinix from $945.00 to $975.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. TD Cowen upped their target price on Equinix from $865.00 to $984.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, Scotiabank increased their target price on shares of Equinix from $954.00 to $985.00 and gave the stock a "sector outperform" rating in a research note on Thursday, October 31st. Five 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 stock. According to MarketBeat.com, Equinix presently has an average rating of "Moderate Buy" and a consensus target price of $944.63.

Insider Buying and Selling at Equinix

In other Equinix news, EVP Raouf Abdel sold 1,022 shares of Equinix stock in a transaction dated 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 transaction, the executive vice president now owns 4,893 shares of the company's stock, valued at $4,518,979.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Raouf Abdel sold 1,022 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 4,893 shares in the company, valued at $4,518,979.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Meredith Williamson sold 576 shares of the company's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $824.19, for a total value of $474,733.44. 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 Performance

Equinix stock traded down $10.48 during mid-day trading on Tuesday, reaching $903.02. The company's stock had a trading volume of 810,357 shares, 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 market capitalization of $87.13 billion, a P/E ratio of 82.37, a PEG ratio of 2.31 and a beta of 0.71. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The firm's fifty day moving average price is $879.56 and its two-hundred day moving average price is $813.36.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be given a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Wednesday, November 13th. 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.