Ashton Thomas Securities LLC Makes New $121,000 Investment in Equinix, Inc. (NASDAQ:EQIX)

Ashton Thomas Securities LLC acquired a new position in Equinix, Inc. (NASDAQ:EQIX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 136 shares of the financial services provider’s stock, valued at approximately $121,000.

A number of other institutional investors also recently made changes to their positions in the business. BDF Gestion bought a new position in Equinix during the 2nd quarter worth approximately $2,659,000. Van ECK Associates Corp grew its holdings in shares of Equinix by 9.2% in the third quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider’s stock worth $18,099,000 after purchasing an additional 1,716 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Equinix by 159.4% in the first quarter. Bessemer Group Inc. now owns 2,246 shares of the financial services provider’s stock worth $1,854,000 after purchasing an additional 1,380 shares during the last quarter. E. Ohman J or Asset Management AB increased its stake in shares of Equinix by 3.0% in the third quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider’s stock worth $33,215,000 after buying an additional 1,103 shares during the period. Finally, Duff & Phelps Investment Management Co. boosted its position in Equinix by 25.9% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 369,437 shares of the financial services provider’s stock valued at $279,516,000 after buying an additional 75,888 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Transactions at Equinix

In other news, EVP Raouf Abdel sold 1,022 shares of Equinix stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $923.56, for a total value of $943,878.32. Following the completion of the transaction, the executive vice president now owns 4,893 shares of the company’s stock, valued at $4,518,979.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Raouf Abdel sold 1,022 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $923.56, for a total value of $943,878.32. Following the transaction, the executive vice president now directly owns 4,893 shares of the company’s stock, valued at approximately $4,518,979.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brandi Galvin Morandi sold 1,726 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $904.99, for a total value of $1,562,012.74. Following the completion of the transaction, the insider now owns 6,505 shares of the company’s stock, valued at $5,886,959.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,654 shares of company stock valued at $11,577,656. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

EQIX has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. TD Cowen upped their price target on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Evercore ISI increased their price objective on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. BMO Capital Markets upped their target price on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Mizuho raised their price target on Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $944.63.

Equinix Price Performance

EQIX stock opened at $903.02 on Wednesday. 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 firm has a 50 day moving average price of $879.56 and a 200-day moving average price of $813.36. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $943.02. The firm has a market capitalization of $87.13 billion, a price-to-earnings ratio of 81.43, a PEG ratio of 2.31 and a beta of 0.71.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be issued a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is 153.65%.

About Equinix

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.