RiverPark Advisors LLC lowered its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,125 shares of the financial services provider’s stock after selling 850 shares during the quarter. Equinix accounts for about 0.7% of RiverPark Advisors LLC’s portfolio, making the stock its 24th biggest position. RiverPark Advisors LLC’s holdings in Equinix were worth $4,965,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in EQIX. Capital World Investors raised its position in shares of Equinix by 247.0% during the second quarter. Capital World Investors now owns 1,069,359 shares of the financial services provider’s stock worth $458,926,000 after purchasing an additional 761,220 shares during the period. Janus Henderson Group PLC raised its position in shares of Equinix by 1,517.9% during the second quarter. Janus Henderson Group PLC now owns 499,004 shares of the financial services provider’s stock worth $214,150,000 after purchasing an additional 468,162 shares during the period. Uniplan Investment Counsel Inc. acquired a new stake in shares of Equinix during the second quarter worth about $13,563,000. Egerton Capital UK LLP raised its position in shares of Equinix by 152.0% during the third quarter. Egerton Capital UK LLP now owns 487,173 shares of the financial services provider’s stock worth $217,425,000 after purchasing an additional 293,842 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Equinix by 22.1% during the second quarter. JPMorgan Chase & Co. now owns 1,182,730 shares of the financial services provider’s stock worth $507,583,000 after purchasing an additional 214,396 shares during the period. 94.34% of the stock is currently owned by institutional investors.
Equinix, Inc. (EQIX) opened at $450.24 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.11 and a quick ratio of 2.11. The firm has a market capitalization of $34,860.15, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 1.79 and a beta of 0.46. Equinix, Inc. has a one year low of $327.37 and a one year high of $495.35.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 15th will be paid a $2.00 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $8.00 dividend on an annualized basis and a yield of 1.78%. Equinix’s dividend payout ratio is 264.03%.
A number of brokerages recently issued reports on EQIX. Citigroup lifted their target price on Equinix from $518.00 to $530.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Deutsche Bank began coverage on Equinix in a research report on Tuesday, October 24th. They issued a “buy” rating and a $550.00 target price on the stock. Berenberg Bank began coverage on Equinix in a research report on Tuesday, September 26th. They issued a “buy” rating and a $550.00 target price on the stock. Nomura lifted their target price on Equinix from $490.00 to $510.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research raised Equinix from a “hold” rating to a “buy” rating and set a $547.00 target price on the stock in a research report on Monday, November 6th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $500.74.
In other Equinix news, CFO Keith D. Taylor sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $476.81, for a total value of $953,620.00. Following the completion of the transaction, the chief financial officer now directly owns 27,996 shares in the company, valued at $13,348,772.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Earl Campbell sold 200 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $463.61, for a total value of $92,722.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,993 shares of company stock valued at $2,770,635. Corporate insiders own 0.58% of the company’s stock.
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Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.
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