Cerity Partners LLC Raises Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Cerity Partners LLC grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 64.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,728 shares of the financial services provider’s stock after buying an additional 3,820 shares during the quarter. Cerity Partners LLC’s holdings in Equinix were worth $8,635,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EQIX. LRI Investments LLC purchased a new stake in Equinix during the first quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Equinix during the 2nd quarter valued at approximately $30,000. GHP Investment Advisors Inc. raised its holdings in Equinix by 50.0% during 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 during the period. Fortitude Family Office LLC lifted its position in Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after buying an additional 13 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC boosted its stake in Equinix by 100.0% during the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock worth $36,000 after buying an additional 20 shares during the period. Institutional investors own 94.94% of the company’s stock.

Equinix Trading Up 0.4 %

NASDAQ EQIX opened at $978.26 on Wednesday. Equinix, Inc. has a one year low of $684.14 and a one year high of $982.69. 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 capitalization of $94.39 billion, a price-to-earnings ratio of 88.21, a price-to-earnings-growth ratio of 2.41 and a beta of 0.71. The company’s 50-day simple moving average is $895.98 and its two-hundred day simple moving average is $829.37.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors 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 yield of 1.74%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is 153.65%.

Analyst Ratings Changes

Several brokerages have recently weighed in on EQIX. HSBC raised shares of Equinix from a “hold” rating to a “buy” rating and increased their target price for the company from $865.00 to $1,000.00 in a research note on Friday, October 4th. JPMorgan Chase & Co. increased their price objective on shares of Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Mizuho boosted their target price on Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. 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 research note on Thursday, October 31st. Finally, Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $952.88.

Insider Buying and Selling

In other Equinix news, CAO Simon Miller sold 569 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total transaction of $467,097.79. Following the completion of the sale, the chief accounting officer now directly owns 5,554 shares of the company’s stock, valued at approximately $4,559,334.14. This represents a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Raouf Abdel sold 1,022 shares of Equinix stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $923.56, for a total transaction of $943,878.32. Following the completion of the transaction, the executive vice president now directly owns 4,893 shares in the company, valued at approximately $4,518,979.08. The trade was a 17.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,754 shares of company stock valued at $11,666,756 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.

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.