Icon Wealth Advisors LLC Purchases 1,123 Shares of Equinix, Inc. (NASDAQ:EQIX)

Icon Wealth Advisors LLC lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 710.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,281 shares of the financial services provider's stock after acquiring an additional 1,123 shares during the period. Icon Wealth Advisors LLC's holdings in Equinix were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in EQIX. Edgewood Management LLC lifted its stake in Equinix by 18.6% in the 3rd quarter. Edgewood Management LLC now owns 34,467 shares of the financial services provider's stock valued at $30,594,000 after purchasing an additional 5,409 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Equinix by 52.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 129,176 shares of the financial services provider's stock valued at $118,980,000 after purchasing an additional 44,177 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Equinix by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,134,171 shares of the financial services provider's stock valued at $1,006,724,000 after purchasing an additional 53,729 shares during the last quarter. GS Investments Inc. lifted its stake in Equinix by 0.5% in the 3rd quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider's stock valued at $2,087,000 after purchasing an additional 12 shares during the last quarter. Finally, Cypress Capital Group lifted its stake in Equinix by 52.5% in the 3rd quarter. Cypress Capital Group now owns 877 shares of the financial services provider's stock valued at $778,000 after purchasing an additional 302 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Insider Buying and Selling

In other Equinix news, CAO Simon Miller sold 569 shares of the firm's stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total value of $467,097.79. Following the transaction, the chief accounting officer now directly owns 5,554 shares of the company's stock, valued at approximately $4,559,334.14. This trade represents a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott Crenshaw sold 1,107 shares of the firm's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $815.60, for a total transaction of $902,869.20. Following the completion of the transaction, the executive vice president now directly owns 4 shares in the company, valued at $3,262.40. This trade represents a 99.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,754 shares of company stock valued at $11,666,756 over the last ninety days. 0.27% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

EQIX has been the subject of several research reports. Stifel Nicolaus increased their price objective on shares of Equinix from $995.00 to $1,080.00 and gave the company a "buy" rating in a research note on Wednesday. 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. Cfra restated a "hold" rating on shares of Equinix in a research report on Tuesday, September 24th. Mizuho upped their price target on shares of Equinix from $873.00 to $971.00 and gave the company an "outperform" rating in a research report on Thursday, September 12th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Equinix from $880.00 to $910.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $952.88.

Equinix Stock Up 1.4 %

NASDAQ EQIX traded up $12.77 on Friday, hitting $936.37. 512,791 shares of the company were exchanged, compared to its average volume of 532,567. The company has a market cap of $90.35 billion, a PE ratio of 84.43, a PEG ratio of 2.38 and a beta of 0.71. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $943.02. The stock has a fifty day moving average of $891.74 and a 200-day moving average of $825.46. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be 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 of this dividend is Wednesday, November 13th. Equinix's dividend payout ratio is presently 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.