Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. boosted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 4.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 494 shares of the financial services provider’s stock after acquiring an additional 21 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Equinix were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in EQIX. Sustainable Insight Capital Management LLC lifted its stake in Equinix by 40.3% in the 3rd quarter. Sustainable Insight Capital Management LLC now owns 561 shares of the financial services provider’s stock valued at $498,000 after buying an additional 161 shares in the last quarter. Atria Investments Inc boosted its stake in shares of Equinix by 14.0% during the third quarter. Atria Investments Inc now owns 8,495 shares of the financial services provider’s stock valued at $7,541,000 after acquiring an additional 1,042 shares during the last quarter. Essex Savings Bank acquired a new stake in shares of Equinix during the third quarter valued at $215,000. Lindbrook Capital LLC increased its position in Equinix by 12.4% during the 3rd quarter. Lindbrook Capital LLC now owns 543 shares of the financial services provider’s stock worth $482,000 after purchasing an additional 60 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Equinix by 6.2% in the 3rd quarter. Assetmark Inc. now owns 4,813 shares of the financial services provider’s stock valued at $4,272,000 after purchasing an additional 279 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Down 0.8 %

Shares of NASDAQ EQIX opened at $913.50 on Tuesday. The company has a market cap of $88.14 billion, a price-to-earnings ratio of 82.37, a price-to-earnings-growth ratio of 2.31 and a beta of 0.71. The stock’s 50 day simple moving average is $877.98 and its 200 day simple moving average is $812.12. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $943.02.

Equinix Dividend Announcement

The company 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. This represents a $17.04 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is currently 153.65%.

Wall Street Analysts Forecast Growth

EQIX has been the subject of a number of recent research reports. BMO Capital Markets lifted their price target on shares of Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Mizuho boosted their price target on Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. lifted their price objective on Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Cfra reiterated a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. Finally, The Goldman Sachs Group lifted their price target on Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $944.63.

Insider Transactions at Equinix

In related news, insider Brandi Galvin Morandi sold 863 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $915.00, for a total transaction of $789,645.00. Following the transaction, the insider now directly owns 8,231 shares of the company’s stock, valued at approximately $7,531,365. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Equinix news, insider Brandi Galvin Morandi sold 863 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $915.00, for a total value of $789,645.00. Following the completion of the sale, the insider now owns 8,231 shares of the company’s stock, valued at $7,531,365. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jonathan Lin sold 93 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $820.99, for a total transaction of $76,352.07. Following the completion of the sale, the executive vice president now owns 7,141 shares of the company’s stock, valued at $5,862,689.59. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,632 shares of company stock valued at $10,633,777 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.

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.