Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. lifted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 8.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,301 shares of the financial services provider’s stock after purchasing an additional 260 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Equinix were worth $2,930,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Pathway Financial Advisers LLC increased its stake in shares of 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 worth $354,111,000 after buying an additional 398,494 shares during the period. Swedbank AB acquired a new stake in shares of Equinix during the first quarter worth $294,526,000. Principal Financial Group Inc. lifted 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 purchasing an additional 238,883 shares during the period. Vanguard Group Inc. lifted its holdings in Equinix by 1.9% in 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 acquiring an additional 238,815 shares during the period. Finally, M&G Plc acquired a new stake in Equinix in the first quarter valued at $187,089,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other Equinix news, CAO Simon Miller sold 569 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total value of $467,097.79. Following the sale, the chief accounting officer now owns 5,554 shares in the company, valued at approximately $4,559,334.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Simon Miller sold 569 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total value of $467,097.79. Following the completion of the sale, the chief accounting officer now owns 5,554 shares of the company’s stock, valued at approximately $4,559,334.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 approximately $5,862,689.59. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,654 shares of company stock worth $11,577,656 over the last three months. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

Shares of NASDAQ EQIX traded down $3.93 during midday trading on Thursday, reaching $897.22. The company’s stock had a trading volume of 126,193 shares, compared to its average volume of 526,033. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $86.57 billion, a P/E ratio of 81.26, a PEG ratio of 2.27 and a beta of 0.71. The firm has a 50 day moving average price of $882.45 and a 200-day moving average price of $815.17. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $943.02.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be given a $4.26 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $17.04 annualized dividend and a yield of 1.90%. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EQIX. HSBC upgraded Equinix from a “hold” rating to a “buy” rating and raised their price target for the company from $865.00 to $1,000.00 in a research report on Friday, October 4th. Barclays lifted their price objective on Equinix from $671.00 to $810.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. The Goldman Sachs Group boosted their price target on Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, Wells Fargo & Company lifted their price objective on Equinix from $875.00 to $975.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and an average price target of $944.63.

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.