Captrust Financial Advisors Trims Position in Equinix, Inc. (NASDAQ:EQIX)

Captrust Financial Advisors reduced its position in Equinix, Inc. (NASDAQ:EQIX) by 75.2% in the 3rd quarter, Holdings Channel reports. The fund owned 13,018 shares of the financial services provider’s stock after selling 39,554 shares during the period. Captrust Financial Advisors’ holdings in Equinix were worth $11,555,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EQIX. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Equinix during the 2nd quarter worth about $30,000. GHP Investment Advisors Inc. raised its stake in Equinix by 50.0% during the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares during the period. Fortitude Family Office LLC boosted its holdings in shares of Equinix by 50.0% in the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Equinix in the 2nd quarter valued at $36,000. Finally, Sugarloaf Wealth Management LLC grew its stake in shares of Equinix by 100.0% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock valued at $36,000 after buying an additional 20 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Equinix

In other Equinix news, EVP Raouf Abdel sold 1,022 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $923.56, for a total transaction of $943,878.32. Following the sale, the executive vice president now owns 4,893 shares in the company, valued at $4,518,979.08. This represents a 17.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Meredith Williamson sold 576 shares of Equinix stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $824.19, for a total value of $474,733.44. The disclosure for this sale can be found here. Insiders have sold 13,754 shares of company stock worth $11,666,756 in the last ninety days. 0.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of research analyst reports. HSBC upgraded Equinix from a “hold” rating to a “buy” rating and lifted their target price for the company from $865.00 to $1,000.00 in a report on Friday, October 4th. Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Stifel Nicolaus boosted 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. Finally, Wells Fargo & Company raised their target price on shares of Equinix from $875.00 to $975.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $962.56.

Equinix Price Performance

EQIX stock opened at $981.48 on Monday. The stock’s 50 day moving average is $902.59 and its two-hundred day moving average is $833.34. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03. The company has a market capitalization of $94.70 billion, a PE ratio of 88.50, a P/E/G ratio of 2.53 and a beta of 0.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors 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 annualized dividend and a yield of 1.74%. Equinix’s dividend payout ratio is presently 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.