Waterfront Capital Partners LLC Raises Stake in Equinix, Inc. (NASDAQ:EQIX)

Waterfront Capital Partners LLC grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 602.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 42,301 shares of the financial services provider’s stock after acquiring an additional 36,275 shares during the quarter. Equinix accounts for approximately 5.2% of Waterfront Capital Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Waterfront Capital Partners LLC’s holdings in Equinix were worth $37,548,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in EQIX. Hantz Financial Services Inc. boosted its stake in Equinix by 8.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,677 shares of the financial services provider’s stock worth $3,264,000 after purchasing an additional 275 shares during the period. Vinva Investment Management Ltd lifted its position in Equinix by 14.9% in the 3rd quarter. Vinva Investment Management Ltd now owns 4,415 shares of the financial services provider’s stock worth $3,897,000 after buying an additional 574 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Equinix by 302.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider’s stock worth $960,820,000 after buying an additional 813,666 shares during the last quarter. Public Sector Pension Investment Board lifted its position in Equinix by 26.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 16,570 shares of the financial services provider’s stock worth $14,708,000 after buying an additional 3,421 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Equinix by 7.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 82,405 shares of the financial services provider’s stock worth $73,145,000 after buying an additional 6,046 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $891.00, for a total value of $89,100.00. Following the sale, the director now directly owns 17,794 shares of the company’s stock, valued at approximately $15,854,454. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Simon Miller sold 569 shares of Equinix stock in a transaction dated Wednesday, September 4th. The stock was 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 directly owns 5,554 shares in the company, valued at $4,559,334.14. This trade represents a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,754 shares of company stock valued at $11,666,756. 0.27% of the stock is owned by corporate insiders.

Equinix Trading Up 0.1 %

Shares of Equinix stock opened at $979.10 on Friday. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The company’s fifty day simple moving average is $900.50 and its 200-day simple moving average is $831.45. The stock has a market capitalization of $94.47 billion, a PE ratio of 88.29, a P/E/G ratio of 2.52 and a beta of 0.71. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be paid a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is currently 153.65%.

Wall Street Analysts Forecast Growth

EQIX has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their price target on Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Stifel Nicolaus lifted their price target on Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. TD Cowen lifted their price target on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $952.88.

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.