NS Partners Ltd Purchases 583 Shares of Equinix, Inc. (NASDAQ:EQIX)

NS Partners Ltd boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 31,234 shares of the financial services provider’s stock after acquiring an additional 583 shares during the period. Equinix comprises approximately 1.2% of NS Partners Ltd’s investment portfolio, making the stock its 29th biggest holding. NS Partners Ltd’s holdings in Equinix were worth $27,724,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board bought a new stake in shares of Equinix in the 1st quarter valued at approximately $237,000. Edgestream Partners L.P. lifted its stake in shares of Equinix by 191.8% during the 1st quarter. Edgestream Partners L.P. now owns 1,360 shares of the financial services provider’s stock worth $1,122,000 after acquiring an additional 894 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Equinix by 13.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,793 shares of the financial services provider’s stock worth $5,607,000 after acquiring an additional 793 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Equinix by 159.4% during the 1st quarter. Bessemer Group Inc. now owns 2,246 shares of the financial services provider’s stock worth $1,854,000 after acquiring an additional 1,380 shares during the last quarter. Finally, Lake Street Advisors Group LLC lifted its stake in shares of Equinix by 38.3% during the 1st quarter. Lake Street Advisors Group LLC now owns 755 shares of the financial services provider’s stock worth $623,000 after acquiring an additional 209 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on EQIX. Evercore ISI raised their price target on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. HSBC upgraded Equinix from a “hold” rating to a “buy” rating and raised their price objective for the stock from $865.00 to $1,000.00 in a report on Friday, October 4th. Cfra restated a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. Barclays raised their price objective on Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Truist Financial raised their price objective on Equinix from $915.00 to $935.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $945.38.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on Monday, November 18th. The stock was sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the transaction, the director now directly owns 17,794 shares in the company, valued at approximately $15,854,454. This trade represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Charles J. Meyers sold 6,234 shares of Equinix stock in a transaction dated 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 sale, the chairman now directly owns 7,680 shares of the company’s stock, valued at $6,328,089.60. This trade represents a 44.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,754 shares of company stock worth $11,666,756 over the last ninety days. Company insiders own 0.27% of the company’s stock.

Equinix Trading Up 1.5 %

EQIX opened at $923.00 on Wednesday. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $943.02. The business has a fifty day simple moving average of $888.28 and a 200-day simple moving average of $821.59. The firm has a market cap of $89.06 billion, a P/E ratio of 83.23, a P/E/G ratio of 2.25 and a beta of 0.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12.

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 given a dividend of $4.26 per share. The ex-dividend date is Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.85%. Equinix’s dividend payout ratio is currently 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.