Prospera Financial Services Inc Has $5.37 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Prospera Financial Services Inc increased its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 17.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,048 shares of the financial services provider's stock after buying an additional 909 shares during the period. Prospera Financial Services Inc's holdings in Equinix were worth $5,369,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of EQIX. LRI Investments LLC purchased a new stake in Equinix during the first quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Equinix during the second quarter worth approximately $30,000. GHP Investment Advisors Inc. boosted its stake in shares of Equinix by 50.0% in 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 during the period. Fortitude Family Office LLC grew its holdings in Equinix by 50.0% during the 3rd 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 in the last quarter. Finally, Sugarloaf Wealth Management LLC increased its stake in Equinix by 100.0% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider's stock worth $36,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EQIX. Stifel Nicolaus raised their target price on Equinix from $995.00 to $1,080.00 and gave the company a "buy" rating in a research note on Wednesday. Truist Financial lifted their price objective on Equinix from $915.00 to $935.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. BMO Capital Markets lifted their price objective on Equinix from $975.00 to $1,020.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Wells Fargo & Company lifted their price objective on Equinix from $875.00 to $975.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Finally, Barclays lifted their price objective on Equinix from $810.00 to $822.00 and gave the stock an "equal weight" rating in a report on Monday. Five research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Equinix presently has a consensus rating of "Moderate Buy" and a consensus target price of $952.88.

Insider Activity

In other Equinix news, Chairman Charles J. Meyers sold 6,234 shares of the business's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total value of $5,136,628.98. Following the transaction, the chairman now owns 7,680 shares in the company, valued at $6,328,089.60. The trade was a 44.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Simon Miller sold 569 shares of the business's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total value of $467,097.79. Following the completion of the transaction, the chief accounting officer now owns 5,554 shares in the company, valued at $4,559,334.14. This trade represents a 9.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,754 shares of company stock worth $11,666,756. 0.27% of the stock is owned by corporate insiders.

Equinix Trading Down 0.4 %

Shares of Equinix stock traded down $4.06 on Wednesday, reaching $918.94. 664,226 shares of the company were exchanged, compared to its average volume of 527,108. The stock has a fifty day moving average price of $888.28 and a 200-day moving average price of $821.59. The firm has a market capitalization of $88.67 billion, a price-to-earnings ratio of 82.73, a price-to-earnings-growth ratio of 2.25 and a beta of 0.71. 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, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $943.02.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $4.26 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.85%. Equinix's dividend payout ratio is 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.