Altman Advisors Inc. Makes New $1.72 Million Investment in Equinix, Inc. (NASDAQ:EQIX)

Altman Advisors Inc. acquired a new position in Equinix, Inc. (NASDAQ:EQIX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,935 shares of the financial services provider’s stock, valued at approximately $1,718,000.

A number of other institutional investors also recently bought and sold shares of EQIX. Grandfield & Dodd LLC purchased a new stake in shares of Equinix in the third quarter worth about $233,000. First Horizon Advisors Inc. raised its position in shares of Equinix by 76.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 90 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 39 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Equinix by 19.8% in the third quarter. Advisors Asset Management Inc. now owns 4,691 shares of the financial services provider’s stock valued at $4,164,000 after acquiring an additional 774 shares in the last quarter. NS Partners Ltd lifted its holdings in Equinix by 1.9% in the 3rd quarter. NS Partners Ltd now owns 31,234 shares of the financial services provider’s stock valued at $27,724,000 after purchasing an additional 583 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in shares of Equinix in the third quarter worth about $227,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Trading Down 0.3 %

NASDAQ:EQIX opened at $920.01 on Wednesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $943.02. The stock has a fifty day moving average price of $888.28 and a two-hundred day moving average price of $821.59. The stock has a market capitalization of $88.77 billion, a price-to-earnings ratio of 83.23, a PEG ratio of 2.25 and a beta of 0.71.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be issued a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix’s dividend payout ratio is currently 153.65%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Truist Financial increased their price target on Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. BMO Capital Markets increased their price target on shares of Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Mizuho boosted their target price on Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Five equities 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $945.38.

Insider Buying and Selling

In other news, EVP Jonathan Lin sold 93 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $820.99, for a total value of $76,352.07. Following the sale, the executive vice president now directly owns 7,141 shares in the company, valued at $5,862,689.59. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 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 9.29 % decrease in their position. The disclosure for this sale can be found here. Over 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 insiders.

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.