Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Overbrook Management Corp

Overbrook Management Corp decreased its stake in Equinix, Inc. (NASDAQ:EQIX) by 5.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 546 shares of the financial services provider’s stock after selling 30 shares during the period. Overbrook Management Corp’s holdings in Equinix were worth $485,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. LRI Investments LLC acquired a new position in shares of Equinix in the 1st quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Equinix in the 2nd quarter valued at $30,000. GHP Investment Advisors Inc. boosted its holdings in shares of Equinix by 50.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after buying an additional 13 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Equinix by 50.0% in the 3rd 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 in the last quarter. Finally, 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. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 100 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the sale, the director now owns 17,794 shares of the company’s stock, valued at $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Meredith Williamson sold 576 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $824.19, for a total transaction of $474,733.44. The disclosure for this sale can be found here. Insiders have sold a total of 13,754 shares of company stock worth $11,666,756 in the last three months. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Cowen increased their price target on shares of Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus increased their price target on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group increased their price target on shares of Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Mizuho increased their price target on shares of Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Finally, Wells Fargo & Company increased their price target on shares of Equinix from $875.00 to $975.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $952.88.

Equinix Price Performance

Equinix stock opened at $918.94 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $88.67 billion, a price-to-earnings ratio of 82.86, a PEG ratio of 2.32 and a beta of 0.71. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $943.02. The firm has a 50 day moving average price of $889.31 and a 200 day moving average price of $822.27.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be given a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

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.