Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by KBC Group NV

KBC Group NV boosted its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 262.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,271 shares of the financial services provider's stock after purchasing an additional 71,155 shares during the quarter. KBC Group NV owned about 0.10% of Equinix worth $87,229,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Equinix in the 2nd quarter worth approximately $30,000. LRI Investments LLC bought a new stake in Equinix in the first quarter worth $31,000. GHP Investment Advisors Inc. raised its stake in 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 in the last quarter. Fortitude Family Office LLC lifted its position 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 purchasing an additional 13 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Equinix in the 2nd quarter worth $36,000. 94.94% of the stock is owned by institutional investors.

Equinix Stock Down 0.0 %

NASDAQ EQIX traded down $0.22 during trading on Thursday, reaching $900.93. 229,360 shares of the company's stock traded hands, compared to its average volume of 526,480. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $943.02. 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 firm has a market cap of $86.93 billion, a price-to-earnings ratio of 81.26, a price-to-earnings-growth ratio of 2.27 and a beta of 0.71. The company's 50 day simple moving average is $882.45 and its two-hundred day simple moving average is $815.17.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be paid a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix's dividend payout ratio (DPR) is 153.65%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EQIX. Wells Fargo & Company upped their price objective on Equinix from $875.00 to $975.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Hsbc Global Res upgraded Equinix from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 4th. Evercore ISI boosted their price objective on shares of Equinix from $945.00 to $975.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Equinix from $880.00 to $910.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. Finally, Truist Financial increased their price target on Equinix from $915.00 to $935.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Equinix has an average rating of "Moderate Buy" and an average target price of $944.63.

Insider Buying and Selling

In other news, CAO Simon Miller sold 569 shares of Equinix stock in a transaction on Wednesday, September 4th. The stock was 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 in the company, valued at approximately $4,559,334.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Raouf Abdel sold 1,022 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 4,893 shares of the company's stock, valued at $4,518,979.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Simon Miller sold 569 shares of Equinix stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total transaction of $467,097.79. Following the completion of the transaction, the chief accounting officer now directly owns 5,554 shares in the company, valued at $4,559,334.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,654 shares of company stock valued at $11,577,656 over the last 90 days. Corporate insiders own 0.27% of the company's stock.

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.