Metis Global Partners LLC Raises Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Metis Global Partners LLC boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 19.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,972 shares of the financial services provider’s stock after purchasing an additional 2,871 shares during the quarter. Metis Global Partners LLC’s holdings in Equinix were worth $15,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of EQIX. Empowered Funds LLC grew its position in Equinix by 29.4% during the first quarter. Empowered Funds LLC now owns 1,620 shares of the financial services provider’s stock worth $1,337,000 after buying an additional 368 shares in the last quarter. Trillium Asset Management LLC grew its holdings in shares of Equinix by 1.3% during the first quarter. Trillium Asset Management LLC now owns 28,051 shares of the financial services provider’s stock worth $23,150,000 after purchasing an additional 361 shares in the last quarter. Banco Santander S.A. increased its position in shares of Equinix by 2.0% in the first quarter. Banco Santander S.A. now owns 699 shares of the financial services provider’s stock worth $577,000 after purchasing an additional 14 shares during the last quarter. M&G Plc purchased a new stake in Equinix in the first quarter valued at approximately $187,089,000. Finally, Centersquare Investment Management LLC lifted its position in Equinix by 13.5% during the first quarter. Centersquare Investment Management LLC now owns 943,056 shares of the financial services provider’s stock valued at $778,332,000 after purchasing an additional 112,194 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Transactions at Equinix

In related news, EVP Jonathan Lin sold 93 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $820.99, for a total transaction of $76,352.07. Following the completion of the transaction, the executive vice president now owns 7,141 shares in the company, valued at $5,862,689.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Equinix news, EVP Jonathan Lin sold 93 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.99, for a total transaction of $76,352.07. Following the transaction, the executive vice president now directly owns 7,141 shares of the company’s stock, valued at approximately $5,862,689.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles J. Meyers sold 6,234 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chairman now directly owns 7,680 shares of the company’s stock, valued at approximately $6,328,089.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,654 shares of company stock worth $11,577,656. 0.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EQIX. Wells Fargo & Company increased their price target on shares of Equinix from $875.00 to $975.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. raised their price target on Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Mizuho lifted their price target on Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Deutsche Bank Aktiengesellschaft increased their price objective on Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, Barclays boosted their target price on Equinix from $671.00 to $810.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $944.63.

Equinix Stock Performance

Equinix stock opened at $906.84 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The firm has a market cap of $87.50 billion, a P/E ratio of 81.26, a P/E/G ratio of 2.27 and a beta of 0.71. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $943.02. The firm has a 50-day moving average of $882.45 and a 200-day moving average of $815.17.

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 issued a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 1.88%. The ex-dividend date is Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is currently 153.65%.

About Equinix

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.