Equinix, Inc. (NASDAQ:EQIX) Stock Holdings Lessened by GDS Wealth Management

GDS Wealth Management lowered its stake in Equinix, Inc. (NASDAQ:EQIX) by 20.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 319 shares of the financial services provider’s stock after selling 84 shares during the quarter. GDS Wealth Management’s holdings in Equinix were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Pathway Financial Advisers LLC grew its position in Equinix by 89,348.4% during the third quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock valued at $354,111,000 after purchasing an additional 398,494 shares in the last quarter. Swedbank AB acquired a new position in shares of Equinix in the first quarter worth $294,526,000. Principal Financial Group Inc. raised its holdings in shares of Equinix by 14.5% during the second quarter. Principal Financial Group Inc. now owns 1,888,191 shares of the financial services provider’s stock worth $1,428,606,000 after acquiring an additional 238,883 shares in the last quarter. Vanguard Group Inc. boosted its position in Equinix by 1.9% during the first quarter. Vanguard Group Inc. now owns 12,503,989 shares of the financial services provider’s stock valued at $10,319,917,000 after purchasing an additional 238,815 shares during the last quarter. Finally, M&G Plc purchased a new position in Equinix in the first quarter valued at about $187,089,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Equinix

In other news, Chairman Charles J. Meyers sold 6,234 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chairman now owns 7,680 shares of the company’s stock, valued at $6,328,089.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Jonathan Lin sold 93 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $820.99, for a total transaction of $76,352.07. Following the completion of the transaction, the executive vice president now directly owns 7,141 shares in the company, valued at $5,862,689.59. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles J. Meyers sold 6,234 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total value of $5,136,628.98. Following the completion of the sale, the chairman now owns 7,680 shares in the company, valued at $6,328,089.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,632 shares of company stock valued at $10,633,777 in the last 90 days. 0.27% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EQIX shares. JPMorgan Chase & Co. boosted 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. Barclays raised their price target on shares of Equinix from $671.00 to $810.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Scotiabank upped their price objective on shares of Equinix from $954.00 to $985.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 31st. HSBC raised Equinix from a “hold” rating to a “buy” rating and boosted their price target for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. Finally, Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and an average price target of $944.63.

Equinix Stock Down 0.8 %

EQIX stock opened at $913.50 on Tuesday. The stock has a market capitalization of $88.14 billion, a P/E ratio of 82.37, a price-to-earnings-growth ratio of 2.31 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. The firm has a 50-day moving average price of $877.98 and a 200-day moving average price of $812.12. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $943.02.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be paid a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Wednesday, November 13th. Equinix’s 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.