Alerus Financial NA Has $936,000 Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Alerus Financial NA cut its holdings in Equinix, Inc. (NASDAQ:EQIX) by 9.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,055 shares of the financial services provider’s stock after selling 108 shares during the period. Alerus Financial NA’s holdings in Equinix were worth $936,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. LRI Investments LLC bought a new stake in Equinix during the 1st quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Equinix during the second quarter worth about $30,000. GHP Investment Advisors Inc. boosted its position in Equinix by 50.0% during the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the last quarter. Fortitude Family Office LLC grew its stake in Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC increased its position in shares of Equinix by 100.0% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Activity

In other Equinix news, insider Brandi Galvin Morandi sold 864 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total value of $734,400.00. Following the transaction, the insider now directly owns 9,094 shares in the company, valued at $7,729,900. The trade was a 8.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Charles J. Meyers sold 6,234 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the sale, the chairman now owns 7,680 shares of the company’s stock, valued at approximately $6,328,089.60. The trade was a 44.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,754 shares of company stock valued at $11,666,756 in the last ninety days. 0.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on EQIX. Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Cfra reissued a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. TD Cowen upped their target price on shares of Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets raised their target price 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, Wells Fargo & Company boosted their price target on Equinix from $875.00 to $975.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Five investment 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, Equinix presently has an average rating of “Moderate Buy” and a consensus price target of $962.56.

Equinix Price Performance

NASDAQ:EQIX opened at $981.48 on Friday. 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 firm has a market cap of $94.70 billion, a price-to-earnings ratio of 88.50, a P/E/G ratio of 2.53 and a beta of 0.71. The firm’s 50-day simple moving average is $902.59 and its 200 day simple moving average is $833.17. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03.

Equinix Dividend Announcement

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