Wilmington Savings Fund Society FSB Takes Position in Equinix, Inc. (NASDAQ:EQIX)

Wilmington Savings Fund Society FSB acquired a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 656 shares of the financial services provider's stock, valued at approximately $582,000.

Several other hedge funds have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Equinix during the second quarter worth approximately $742,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Equinix by 6.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 24,159 shares of the financial services provider's stock worth $18,279,000 after purchasing an additional 1,403 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Equinix by 2.2% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,325 shares of the financial services provider's stock valued at $1,002,000 after purchasing an additional 28 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in shares of Equinix during the second quarter valued at $595,000. Finally, Lecap Asset Management Ltd. raised its stake in shares of Equinix by 40.3% during the second quarter. Lecap Asset Management Ltd. now owns 2,215 shares of the financial services provider's stock valued at $1,676,000 after purchasing an additional 636 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Equinix Trading Down 0.7 %

Shares of EQIX stock traded down $7.02 during trading hours on Monday, reaching $957.98. 515,179 shares of the stock traded hands, compared to its average volume of 528,061. 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 firm has a market capitalization of $92.43 billion, a PE ratio of 86.62, a PEG ratio of 2.51 and a beta of 0.72. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The business has a fifty day moving average price of $919.91 and a 200 day moving average price of $846.72.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were paid a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 1.78%. The ex-dividend date was Wednesday, November 13th. Equinix's dividend payout ratio (DPR) is currently 153.65%.

Insider Activity

In other Equinix news, EVP Raouf Abdel sold 1,022 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $923.56, for a total value of $943,878.32. Following the transaction, the executive vice president now owns 4,893 shares in the company, valued at approximately $4,518,979.08. This represents a 17.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Keith D. Taylor sold 1,500 shares of Equinix stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $971.18, for a total transaction of $1,456,770.00. Following the sale, the chief financial officer now directly owns 18,966 shares of the company's stock, valued at $18,419,399.88. This trade represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,398 shares of company stock worth $7,906,218 over the last quarter. Corporate insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EQIX shares. Wells Fargo & Company raised their target price on shares of Equinix from $985.00 to $1,100.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. Scotiabank boosted their target price on Equinix from $954.00 to $985.00 and gave the stock a "sector outperform" rating in a report on Thursday, October 31st. HSBC upgraded Equinix from a "hold" rating to a "buy" rating and upped their target price for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. Evercore ISI boosted their price objective on Equinix from $945.00 to $975.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets upped their price objective on Equinix from $975.00 to $1,020.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Four 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's stock. According to data from MarketBeat, Equinix presently has a consensus rating of "Moderate Buy" and an average price target of $976.81.

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.