Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Moseley Investment Management Inc.

Moseley Investment Management Inc. raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 17.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 668 shares of the financial services provider’s stock after acquiring an additional 98 shares during the quarter. Moseley Investment Management Inc.’s holdings in Equinix were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in EQIX. Inspire Trust Co. N.A. boosted its position in shares of Equinix by 0.7% during the 3rd quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock valued at $1,509,000 after acquiring an additional 11 shares in the last quarter. GS Investments Inc. boosted its holdings in Equinix by 0.5% during the third quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock valued at $2,087,000 after purchasing an additional 12 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Equinix by 50.0% in the 3rd 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 period. Fortitude Family Office LLC raised its holdings in shares of Equinix by 50.0% in the 3rd 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 in the last quarter. Finally, Grove Bank & Trust lifted its position in shares of Equinix by 8.1% during the 3rd quarter. Grove Bank & Trust now owns 186 shares of the financial services provider’s stock worth $165,000 after buying an additional 14 shares during the period. Institutional investors own 94.94% of the company’s stock.

Equinix Trading Down 0.2 %

EQIX opened at $898.09 on Wednesday. The firm has a 50 day simple moving average of $941.33 and a 200 day simple moving average of $874.29. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The company has a market cap of $86.65 billion, a price-to-earnings ratio of 80.98, a price-to-earnings-growth ratio of 2.48 and a beta of 0.73. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were given a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Wednesday, November 13th. Equinix’s payout ratio is 153.65%.

Insider Activity

In other Equinix news, insider Brandi Galvin Morandi sold 1,726 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $904.99, for a total value of $1,562,012.74. Following the completion of the sale, the insider now owns 6,505 shares of the company’s stock, valued at approximately $5,886,959.95. This represents a 20.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adaire Fox-Martin sold 2,965 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the completion of the sale, the chief executive officer now owns 3,069 shares in the company, valued at approximately $2,951,211.78. This trade represents a 49.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,398 shares of company stock valued at $7,906,218 in the last 90 days. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

EQIX has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. HSBC raised Equinix from a “hold” rating to a “buy” rating and boosted their target price for the stock from $865.00 to $1,000.00 in a report on Friday, October 4th. Stifel Nicolaus raised their price target on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Scotiabank boosted their price objective on Equinix from $954.00 to $985.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and a consensus target price of $976.81.

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.