Sanctuary Advisors LLC Raises Position in Equinix, Inc. (NASDAQ:EQIX)

Sanctuary Advisors LLC raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 133.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 17,714 shares of the financial services provider's stock after purchasing an additional 10,140 shares during the period. Sanctuary Advisors LLC's holdings in Equinix were worth $16,587,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EQIX. GHP Investment Advisors Inc. boosted its position 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 shares of 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 buying an additional 13 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in shares of Equinix by 100.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider's stock valued at $36,000 after buying an additional 20 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Equinix in the 2nd quarter worth approximately $36,000. Finally, Dunhill Financial LLC raised its stake in shares of Equinix by 108.7% during the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock worth $43,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Equinix Stock Performance

Shares of NASDAQ EQIX traded down $5.52 during trading on Friday, reaching $969.78. 135,865 shares of the company traded hands, compared to its average volume of 527,094. The stock has a market cap of $93.57 billion, a P/E ratio of 88.11, a PEG ratio of 2.51 and a beta of 0.72. The firm's fifty day simple moving average is $918.14 and its 200 day simple moving average is $844.20. 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 12-month low of $684.14 and a 12-month high of $994.03.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th were given a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Wednesday, November 13th. Equinix's dividend payout ratio is currently 153.65%.

Wall Street Analyst Weigh In

Several research firms have issued reports on EQIX. Cfra reaffirmed a "hold" rating on shares of Equinix in a report on Tuesday, September 24th. The Goldman Sachs Group boosted their target price on Equinix from $870.00 to $980.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. increased their price target on Equinix from $950.00 to $975.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. Scotiabank boosted their price target on Equinix from $954.00 to $985.00 and gave the stock a "sector outperform" rating in a research note on Thursday, October 31st. Finally, Barclays upped their price objective on shares of Equinix from $810.00 to $822.00 and gave the company an "equal weight" rating in a report on Monday, November 18th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $976.81.

Insider Buying and Selling at Equinix

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

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.