Raymond James Trust N.A. Has $3.24 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

Raymond James Trust N.A. reduced its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,649 shares of the financial services provider’s stock after selling 35 shares during the period. Raymond James Trust N.A.’s holdings in Equinix were worth $3,239,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC lifted its stake in Equinix by 234.8% during the 1st quarter. EntryPoint Capital LLC now owns 77 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 54 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Equinix by 37.7% during the first quarter. Advisors Asset Management Inc. now owns 3,100 shares of the financial services provider’s stock valued at $2,559,000 after purchasing an additional 849 shares in the last quarter. Steel Grove Capital Advisors LLC lifted its position in shares of Equinix by 47.9% during the first quarter. Steel Grove Capital Advisors LLC now owns 414 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 134 shares in the last quarter. BOKF NA boosted its holdings in Equinix by 6.7% during the first quarter. BOKF NA now owns 5,528 shares of the financial services provider’s stock worth $4,423,000 after purchasing an additional 347 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Equinix by 3.6% in 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 purchasing an additional 47,795 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Raouf Abdel sold 1,022 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $923.56, for a total transaction of $943,878.32. Following the sale, the executive vice president now owns 4,893 shares in the company, valued at approximately $4,518,979.08. This trade represents a 17.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Scott Crenshaw sold 1,107 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $815.60, for a total transaction of $902,869.20. Following the completion of the transaction, the executive vice president now owns 4 shares of the company’s stock, valued at $3,262.40. This trade represents a 99.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,754 shares of company stock worth $11,666,756 over the last ninety days. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Up 1.4 %

EQIX stock opened at $936.37 on Friday. The stock has a 50-day simple moving average of $891.74 and a two-hundred day simple moving average of $824.67. The firm has a market capitalization of $90.35 billion, a PE ratio of 84.43, a PEG ratio of 2.32 and a beta of 0.71. 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.

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 paid a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 1.82%. The ex-dividend date is Wednesday, November 13th. Equinix’s dividend payout ratio is 153.65%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EQIX. The Goldman Sachs Group boosted their target price on Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft upped their price objective on Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Scotiabank raised their target price on Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 31st. Truist Financial boosted their price target on shares of Equinix from $915.00 to $935.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Stifel Nicolaus raised their price objective on shares of Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a report on Wednesday. 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $952.88.

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.