New Amsterdam Partners LLC NY bought a new stake in Equinix Inc (NASDAQ:EQIX) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 815 shares of the financial services provider’s stock, valued at approximately $353,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bridgeworth LLC acquired a new position in shares of Equinix in the 2nd quarter valued at $100,000. We Are One Seven LLC acquired a new position in shares of Equinix in the 3rd quarter valued at $204,000. First Allied Advisory Services Inc. acquired a new position in shares of Equinix in the 2nd quarter valued at $206,000. Park Avenue Securities LLC acquired a new position in shares of Equinix in the 2nd quarter valued at $214,000. Finally, Greenleaf Trust acquired a new position in shares of Equinix in the 3rd quarter valued at $226,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.
Equinix stock opened at $389.48 on Friday. Equinix Inc has a 52-week low of $370.79 and a 52-week high of $493.91. The firm has a market cap of $31.84 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.32 and a beta of 0.74. The company has a quick ratio of 1.29, a current ratio of 1.24 and a debt-to-equity ratio of 1.54.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 14th will be issued a dividend of $2.28 per share. This represents a $9.12 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, November 13th. Equinix’s payout ratio is 49.22%.
EQIX has been the subject of several recent analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $454.00 price target (down previously from $460.00) on shares of Equinix in a report on Tuesday, October 23rd. BidaskClub lowered shares of Equinix from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Mitsubishi UFJ Financial Group boosted their price target on shares of Equinix to $483.00 and gave the stock an “overweight” rating in a report on Friday, August 17th. Zacks Investment Research lowered shares of Equinix from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. Finally, ValuEngine lowered shares of Equinix from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $501.28.
In other news, CFO Keith D. Taylor sold 2,000 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $431.65, for a total transaction of $863,300.00. Following the completion of the sale, the chief financial officer now owns 21,141 shares of the company’s stock, valued at $9,125,512.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Earl Campbell sold 1,316 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $423.38, for a total transaction of $557,168.08. Following the sale, the insider now directly owns 3,954 shares of the company’s stock, valued at approximately $1,674,044.52. The disclosure for this sale can be found here. Insiders have sold 3,566 shares of company stock valued at $1,528,778 in the last ninety days. Insiders own 0.51% of the company’s stock.
Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 52 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.
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