Brown Brothers Harriman & Co. Purchases 26 Shares of Equinix, Inc. (NASDAQ:EQIX)

Brown Brothers Harriman & Co. increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 20.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151 shares of the financial services provider’s stock after buying an additional 26 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Equinix were worth $134,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Plato Investment Management Ltd raised its position in Equinix by 140.0% during the 1st quarter. Plato Investment Management Ltd now owns 132 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 77 shares during the last quarter. LRI Investments LLC bought a new position in shares of Equinix in the 1st quarter worth about $31,000. Atria Investments Inc raised its position in shares of Equinix by 14.9% in the 1st quarter. Atria Investments Inc now owns 8,744 shares of the financial services provider’s stock worth $7,216,000 after acquiring an additional 1,137 shares in the last quarter. PGGM Investments increased its position in Equinix by 55.8% in the 1st quarter. PGGM Investments now owns 414,217 shares of the financial services provider’s stock valued at $341,866,000 after buying an additional 148,365 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in Equinix by 220.6% in the 1st quarter. Cetera Investment Advisers now owns 8,118 shares of the financial services provider’s stock valued at $6,699,000 after buying an additional 5,586 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Up 0.1 %

Shares of EQIX stock opened at $979.10 on Thursday. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The firm’s 50 day moving average is $898.34 and its 200 day moving average is $830.42. The stock has a market capitalization of $94.47 billion, a P/E ratio of 88.29, a P/E/G ratio of 2.51 and a beta of 0.71.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be given a dividend of $4.26 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.74%. Equinix’s payout ratio is 153.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on EQIX shares. Truist Financial boosted their target price on Equinix from $915.00 to $935.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. The Goldman Sachs Group upped their target price on shares of Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Wells Fargo & Company upped their price target on shares of Equinix from $875.00 to $975.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Mizuho upped their price target on shares of Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Finally, Stifel Nicolaus increased their target price on shares of Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Equinix currently has a consensus rating of “Moderate Buy” and a consensus price target of $952.88.

Insider Activity

In other news, Chairman Charles J. Meyers sold 6,234 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the sale, the chairman now directly owns 7,680 shares in the company, valued at $6,328,089.60. This trade represents a 44.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jonathan Lin sold 93 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.99, for a total transaction of $76,352.07. Following the sale, the executive vice president now owns 7,141 shares in the company, valued at $5,862,689.59. The trade was a 1.29 % 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 worth $11,666,756 in the last three months. Company insiders own 0.27% of the company’s stock.

Equinix Company 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.