Oddo BHF Asset Management Sas Takes $2.48 Million Position in Equinix, Inc. (NASDAQ:EQIX)

Oddo BHF Asset Management Sas purchased a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,797 shares of the financial services provider's stock, valued at approximately $2,483,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in Equinix by 9.2% during the third quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider's stock valued at $18,099,000 after acquiring an additional 1,716 shares during the last quarter. E. Ohman J or Asset Management AB lifted its stake in shares of Equinix by 3.0% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider's stock valued at $33,215,000 after purchasing an additional 1,103 shares during the period. Brookfield Corp ON boosted its position in shares of Equinix by 67.3% during the 3rd quarter. Brookfield Corp ON now owns 80,760 shares of the financial services provider's stock valued at $71,685,000 after purchasing an additional 32,481 shares in the last quarter. Duff & Phelps Investment Management Co. grew its stake in Equinix by 25.9% during the second quarter. Duff & Phelps Investment Management Co. now owns 369,437 shares of the financial services provider's stock worth $279,516,000 after purchasing an additional 75,888 shares during the period. Finally, Thematics Asset Management increased its holdings in Equinix by 17.7% in the third quarter. Thematics Asset Management now owns 39,951 shares of the financial services provider's stock worth $35,462,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Stock Down 1.1 %

EQIX stock traded down $10.30 during trading on Friday, reaching $965.00. The stock had a trading volume of 394,573 shares, compared to its average volume of 528,252. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03. The company's 50 day moving average is $919.91 and its two-hundred day moving average is $845.58. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $93.11 billion, a price-to-earnings ratio of 87.02, a P/E/G ratio of 2.51 and a beta of 0.72.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were given a $4.26 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $17.04 annualized dividend and a yield of 1.77%. Equinix's dividend payout ratio is currently 153.65%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EQIX. JPMorgan Chase & Co. increased their price target on Equinix from $950.00 to $975.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Cfra reiterated a "hold" rating on shares of Equinix in a report on Tuesday, September 24th. Truist Financial upped their target price on Equinix from $935.00 to $1,090.00 and gave the stock a "buy" rating in a research report on Friday, November 29th. Scotiabank lifted their price target on shares of Equinix from $954.00 to $985.00 and gave the company a "sector outperform" rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company upped their price objective on shares of Equinix from $985.00 to $1,100.00 and gave the stock an "overweight" rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $976.81.

Insider Activity

In related news, CEO Adaire Fox-Martin sold 2,965 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total value of $2,851,203.30. Following the transaction, the chief executive officer now owns 3,069 shares in the company, valued at approximately $2,951,211.78. This represents a 49.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 863 shares of the firm's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $915.00, for a total value of $789,645.00. Following the completion of the sale, the insider now directly owns 8,231 shares of the company's stock, valued at $7,531,365. This represents a 9.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,398 shares of company stock valued at $7,906,218 in the last ninety days. 0.27% of the stock is currently owned by 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.