Natixis Advisors LLC Has $42.58 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

Natixis Advisors LLC lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 4.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,968 shares of the financial services provider's stock after acquiring an additional 1,839 shares during the period. Natixis Advisors LLC's holdings in Equinix were worth $42,578,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Equinix in the second quarter valued at $30,000. LRI Investments LLC acquired a new stake in Equinix in the 1st quarter valued at approximately $31,000. GHP Investment Advisors Inc. grew its holdings in Equinix by 50.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider's stock valued at $35,000 after buying an additional 13 shares during the last quarter. Fortitude Family Office LLC lifted its position in shares of Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider's stock worth $35,000 after buying an additional 13 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Equinix during the 2nd quarter valued at $36,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Trading Up 1.3 %

Equinix stock traded up $12.11 during midday trading on Monday, hitting $909.48. 480,189 shares of the stock were exchanged, compared to its average volume of 526,413. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $943.02. The stock has a market capitalization of $87.76 billion, a price-to-earnings ratio of 80.92, a PEG ratio of 2.25 and a beta of 0.71. The stock's 50-day simple moving average is $885.56 and its 200 day simple moving average is $818.53. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be paid a $4.26 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $17.04 annualized dividend and a yield of 1.87%. Equinix's dividend payout ratio is currently 153.65%.

Analyst Ratings Changes

Several research firms have recently commented on EQIX. TD Cowen lifted their target price on Equinix from $865.00 to $984.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. BMO Capital Markets boosted their price target on Equinix from $975.00 to $1,020.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Scotiabank upped their target price on Equinix from $954.00 to $985.00 and gave the company a "sector outperform" rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on Equinix from $870.00 to $980.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Equinix from $880.00 to $910.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $945.38.

Insider Buying and Selling

In other news, Chairman Charles J. Meyers sold 6,234 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the completion of the transaction, the chairman now directly owns 7,680 shares in the company, valued at approximately $6,328,089.60. This represents a 44.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Simon Miller sold 569 shares of the business's stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold 13,754 shares of company stock worth $11,666,756 in the last three months. Corporate insiders own 0.27% of the company's stock.

Equinix 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.