Quest Partners LLC Has $2.26 Million Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Quest Partners LLC boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 173.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,544 shares of the financial services provider’s stock after buying an additional 1,612 shares during the quarter. Quest Partners LLC’s holdings in Equinix were worth $2,258,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Equinix in the 2nd quarter worth approximately $30,000. LRI Investments LLC purchased a new position in Equinix in the first quarter worth $31,000. GHP Investment Advisors Inc. grew its stake in Equinix by 50.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the period. Fortitude Family Office LLC increased its position in shares of Equinix by 50.0% during 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. Finally, Meeder Asset Management Inc. bought a new stake in shares of Equinix during the 2nd quarter worth $36,000. 94.94% of the stock is owned by institutional investors.

Equinix Price Performance

Equinix stock opened at $909.48 on Tuesday. The business has a 50-day simple moving average of $887.12 and a 200 day simple moving average of $820.02. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $943.02. The stock has a market cap of $87.76 billion, a price-to-earnings ratio of 82.01, a PEG ratio of 2.25 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. Shareholders of record on Wednesday, November 13th will be paid a $4.26 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a yield of 1.87%. Equinix’s dividend payout ratio is presently 153.65%.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the transaction, the director now owns 17,794 shares in the company, valued at $15,854,454. This trade represents a 0.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Simon Miller sold 569 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total value of $467,097.79. Following the transaction, the chief accounting officer now directly owns 5,554 shares in the company, valued at $4,559,334.14. This trade represents a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,754 shares of company stock valued at $11,666,756 in the last quarter. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EQIX. Evercore ISI raised their price objective on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Mizuho raised their price target on shares of Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. HSBC upgraded Equinix from a “hold” rating to a “buy” rating and upped their price objective for the company from $865.00 to $1,000.00 in a research note on Friday, October 4th. TD Cowen raised their target price on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upped their price target on Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and a consensus target price of $945.38.

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.