Bath Savings Trust Co Has $6.99 Million Holdings in Equinix, Inc. (NASDAQ:EQIX)

Bath Savings Trust Co trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,472 shares of the financial services provider’s stock after selling 80 shares during the quarter. Bath Savings Trust Co’s holdings in Equinix were worth $6,992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Valley National Advisers Inc. raised its stake in shares of Equinix by 260.0% in the fourth quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 26 shares during the last quarter. Providence Capital Advisors LLC acquired a new stake in shares of Equinix in the 3rd quarter valued at $29,000. Criterion Capital Advisors LLC bought a new stake in shares of Equinix during the fourth quarter worth $32,000. Operose Advisors LLC acquired a new position in shares of Equinix during the third quarter valued at $36,000. Finally, Asset Dedication LLC increased its position in Equinix by 92.6% in the third quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Up 1.5 %

Shares of EQIX traded up $11.46 during mid-day trading on Wednesday, hitting $773.84. 385,362 shares of the company’s stock were exchanged, compared to its average volume of 424,809. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. Equinix, Inc. has a 52 week low of $677.80 and a 52 week high of $914.93. The company has a market cap of $73.45 billion, a PE ratio of 77.62, a P/E/G ratio of 2.66 and a beta of 0.68. The company has a 50-day simple moving average of $755.30 and a 200 day simple moving average of $802.91.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd will be paid a $4.26 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $17.04 annualized dividend and a yield of 2.20%. Equinix’s payout ratio is currently 170.91%.

Insiders Place Their Bets

In other news, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $800.50, for a total value of $1,657,035.00. Following the completion of the transaction, the insider now owns 12,758 shares in the company, valued at approximately $10,212,779. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $812.98, for a total value of $81,298.00. Following the transaction, the director now directly owns 17,641 shares in the company, valued at $14,341,780.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brandi Galvin Morandi sold 2,070 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the completion of the sale, the insider now directly owns 12,758 shares of the company’s stock, valued at approximately $10,212,779. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EQIX shares. Barclays upped their target price on shares of Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a research report on Thursday, May 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $960.00 target price on shares of Equinix in a report on Wednesday, March 13th. TD Cowen cut their price target on Equinix from $862.00 to $859.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Oppenheimer lifted their price objective on Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Finally, Royal Bank of Canada cut their target price on Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 28th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and a consensus price target of $872.81.

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.