Equinix, Inc. (NASDAQ:EQIX) Stake Raised by Partners Group Holding AG

Partners Group Holding AG lifted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 20.8% in the third quarter, HoldingsChannel reports. The firm owned 54,122 shares of the financial services provider’s stock after purchasing an additional 9,312 shares during the quarter. Equinix accounts for 3.2% of Partners Group Holding AG’s portfolio, making the stock its 10th largest position. Partners Group Holding AG’s holdings in Equinix were worth $48,040,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of EQIX. BDF Gestion purchased a new position in shares of Equinix in the 2nd quarter valued at $2,659,000. Van ECK Associates Corp grew its stake in Equinix by 9.2% in the third quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider’s stock valued at $18,099,000 after purchasing an additional 1,716 shares during the last quarter. E. Ohman J or Asset Management AB lifted its position in shares of Equinix by 3.0% during the third quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider’s stock valued at $33,215,000 after buying an additional 1,103 shares during the last quarter. Duff & Phelps Investment Management Co. grew its position in shares of Equinix by 25.9% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 369,437 shares of the financial services provider’s stock worth $279,516,000 after buying an additional 75,888 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Equinix by 3.0% during the 2nd quarter. Raymond James & Associates now owns 172,904 shares of the financial services provider’s stock worth $130,819,000 after acquiring an additional 5,056 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Charles J. Meyers sold 6,234 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total value of $5,136,628.98. Following the transaction, the chairman now directly owns 7,680 shares in the company, valued at approximately $6,328,089.60. This represents a 44.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Simon Miller sold 569 shares of Equinix stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total transaction of $467,097.79. Following the completion of the sale, the chief accounting officer now owns 5,554 shares of the company’s stock, valued at $4,559,334.14. This trade represents a 9.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,754 shares of company stock worth $11,666,756. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EQIX shares. Mizuho raised their price objective on Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. upped their price objective on shares of Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Wells Fargo & Company lifted their target price on shares of Equinix from $875.00 to $975.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Hsbc Global Res upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Finally, The Goldman Sachs Group upped their target price on Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $952.88.

Equinix Stock Performance

NASDAQ:EQIX opened at $974.35 on Tuesday. The company’s 50-day moving average is $893.70 and its two-hundred day moving average is $827.82. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $976.35. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $94.01 billion, a price-to-earnings ratio of 87.86, a PEG ratio of 2.41 and a beta of 0.71.

Equinix Announces Dividend

The firm also recently disclosed 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. This represents a $17.04 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Wednesday, November 13th. Equinix’s dividend payout ratio is presently 153.65%.

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.