Slow Capital Inc. Buys 457 Shares of Equinix, Inc. (NASDAQ:EQIX)

Slow Capital Inc. raised its stake in Equinix, Inc. (NASDAQ:EQIX) by 10.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,041 shares of the financial services provider’s stock after purchasing an additional 457 shares during the quarter. Slow Capital Inc.’s holdings in Equinix were worth $4,753,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Equinix by 302.7% in the third 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 period. Pathway Financial Advisers LLC raised its stake in shares of Equinix by 89,348.4% during the third quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock valued at $354,111,000 after acquiring an additional 398,494 shares during the last quarter. Adelante Capital Management LLC boosted its holdings in shares of Equinix by 202.3% during the third quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider’s stock worth $456,441,000 after purchasing an additional 344,114 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Equinix by 17.9% in the third quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock worth $1,188,180,000 after purchasing an additional 203,656 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Equinix by 21.5% during the 2nd quarter. Clearbridge Investments LLC now owns 902,493 shares of the financial services provider’s stock valued at $682,826,000 after purchasing an additional 159,576 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity at Equinix

In other Equinix news, Chairman Charles J. Meyers sold 5,788 shares of Equinix stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $909.81, for a total value of $5,265,980.28. Following the completion of the sale, the chairman now owns 15,233 shares of the company’s stock, valued at approximately $13,859,135.73. The trade was a 27.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brandi Galvin Morandi sold 1,726 shares of the stock in a transaction 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 transaction, the insider now directly owns 6,505 shares in the company, valued at $5,886,959.95. The trade was a 20.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,549 shares of company stock valued at $18,036,455 over the last ninety days. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

EQIX has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. TD Cowen raised 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. Barclays boosted their price objective on shares of Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Hsbc Global Res upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Finally, Evercore ISI raised their price objective on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $997.53.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $900.10 on Tuesday. The firm has a market cap of $86.85 billion, a P/E ratio of 81.16, a PEG ratio of 2.20 and a beta of 0.73. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The company has a 50 day moving average of $944.51 and a 200 day moving average of $883.61.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were issued a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Wednesday, November 13th. Equinix’s payout ratio is currently 153.65%.

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.