Polar Asset Management Partners Inc. Invests $13.49 Million in Equinix, Inc. (NASDAQ:EQIX)

Polar Asset Management Partners Inc. bought a new position in Equinix, Inc. (NASDAQ:EQIX) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 15,200 shares of the financial services provider’s stock, valued at approximately $13,492,000.

A number of other large investors have also recently made changes to their positions in the business. BDF Gestion purchased a new position in shares of Equinix during the 2nd quarter worth about $2,659,000. Van ECK Associates Corp boosted its stake in shares of Equinix by 9.2% during the 3rd quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider’s stock worth $18,099,000 after purchasing an additional 1,716 shares during the period. E. Ohman J or Asset Management AB boosted its stake in shares of Equinix by 3.0% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider’s stock worth $33,215,000 after purchasing an additional 1,103 shares during the period. Duff & Phelps Investment Management Co. boosted its stake in shares of Equinix by 25.9% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 369,437 shares of the financial services provider’s stock worth $279,516,000 after purchasing an additional 75,888 shares during the period. Finally, Raymond James & Associates boosted its stake in shares of Equinix by 3.0% during the 2nd quarter. Raymond James & Associates now owns 172,904 shares of the financial services provider’s stock worth $130,819,000 after purchasing an additional 5,056 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Michael Earl Campbell sold 600 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $816.73, for a total value of $490,038.00. Following the sale, the insider now directly owns 14,800 shares of the company’s stock, valued at approximately $12,087,604. The trade was a 3.90 % 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 the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were 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 directly owns 3,069 shares in the company, valued at $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 10,969 shares of company stock worth $10,033,525 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Down 0.1 %

EQIX stock opened at $963.65 on Wednesday. The firm has a market cap of $92.98 billion, a PE ratio of 86.89, a P/E/G ratio of 2.48 and a beta of 0.72. 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’s fifty day moving average is $905.77 and its 200 day moving average is $835.66. Equinix, Inc. has a one year low of $684.14 and a one year high of $994.03.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be given a $4.26 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.77%. Equinix’s dividend payout ratio (DPR) is 153.65%.

Wall Street Analyst Weigh In

Several research firms have issued reports on EQIX. Hsbc Global Res raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Evercore ISI boosted their price objective on shares of Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus boosted their price objective on shares of Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Mizuho boosted their price objective on shares of Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Finally, BMO Capital Markets boosted their price objective on shares of Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $962.56.

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.