Chiron Investment Management LLC Purchases 1,187 Shares of Equinix, Inc. (NASDAQ:EQIX)

Chiron Investment Management LLC boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 99.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,380 shares of the financial services provider’s stock after purchasing an additional 1,187 shares during the quarter. Chiron Investment Management LLC’s holdings in Equinix were worth $2,113,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brown Financial Advisors increased its holdings in shares of Equinix by 6.1% during the third quarter. Brown Financial Advisors now owns 1,094 shares of the financial services provider’s stock valued at $971,000 after acquiring an additional 63 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in Equinix by 14.4% in the third quarter. Coldstream Capital Management Inc. now owns 1,426 shares of the financial services provider’s stock valued at $1,268,000 after buying an additional 179 shares during the last quarter. Ashford Capital Management Inc. boosted its position in Equinix by 223.2% in the third quarter. Ashford Capital Management Inc. now owns 24,394 shares of the financial services provider’s stock valued at $21,653,000 after buying an additional 16,847 shares during the last quarter. Geode Capital Management LLC boosted its position in Equinix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,350,508 shares of the financial services provider’s stock worth $2,079,591,000 after purchasing an additional 33,277 shares in the last quarter. Finally, Prestige Wealth Management Group LLC grew its stake in shares of Equinix by 6,847.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,181 shares of the financial services provider’s stock worth $1,048,000 after purchasing an additional 1,164 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Equinix

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

Equinix Trading Down 0.7 %

Shares of EQIX stock opened at $961.72 on Wednesday. The stock’s fifty day moving average is $912.85 and its two-hundred day moving average is $840.99. 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 capitalization of $92.80 billion, a P/E ratio of 86.72, a PEG ratio of 2.54 and a beta of 0.72. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03.

Equinix Dividend Announcement

The company 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. The ex-dividend date is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.77%. Equinix’s payout ratio is currently 153.65%.

Analysts Set New Price Targets

A number of brokerages have recently commented on EQIX. BMO Capital Markets raised their price objective on shares of Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Stifel Nicolaus raised their price objective on shares of Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Scotiabank raised their price objective on shares of Equinix from $954.00 to $985.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, Wells Fargo & Company increased their target price on Equinix from $985.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $970.38.

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.