Equinix, Inc. (NASDAQ:EQIX) Position Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,134,171 shares of the financial services provider’s stock after acquiring an additional 53,729 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.18% of Equinix worth $1,006,724,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. raised its holdings in Equinix by 0.3% during the third quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider’s stock worth $1,681,256,000 after purchasing an additional 5,910 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Equinix by 3.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,391,567 shares of the financial services provider’s stock worth $1,148,504,000 after acquiring an additional 47,795 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Equinix by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,333,992 shares of the financial services provider’s stock valued at $1,009,293,000 after buying an additional 19,844 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Equinix by 21.5% during the 2nd quarter. Clearbridge Investments LLC now owns 902,493 shares of the financial services provider’s stock worth $682,826,000 after acquiring an additional 159,576 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in Equinix by 7.2% during the second quarter. Canada Pension Plan Investment Board now owns 879,999 shares of the financial services provider’s stock valued at $665,807,000 after purchasing an additional 59,343 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other news, EVP Raouf Abdel sold 1,022 shares of Equinix stock in a transaction on Friday, November 8th. The shares were sold at an average price of $923.56, for a total value of $943,878.32. Following the transaction, the executive vice president now directly owns 4,893 shares of the company’s stock, valued at $4,518,979.08. The trade was a 17.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Charles J. Meyers sold 6,234 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total value of $5,136,628.98. Following the sale, the chairman now directly owns 7,680 shares of the company’s stock, valued at approximately $6,328,089.60. This represents a 44.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,754 shares of company stock worth $11,666,756. Insiders own 0.27% of the company’s stock.

Equinix Stock Down 0.4 %

Equinix stock opened at $918.94 on Thursday. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $943.02. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The firm has a market cap of $88.67 billion, a P/E ratio of 82.86, a P/E/G ratio of 2.32 and a beta of 0.71. The business has a fifty day moving average of $889.31 and a two-hundred day moving average of $822.27.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be given a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, November 13th. Equinix’s payout ratio is 153.65%.

Analyst Ratings Changes

Several research analysts have commented on EQIX shares. Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Truist Financial increased their target price on shares of Equinix from $915.00 to $935.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. increased their target price on Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Cfra reissued a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $952.88.

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.