Banco Santander S.A. lessened its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 55.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,732 shares of the financial services provider's stock after selling 7,129 shares during the quarter. Banco Santander S.A.'s holdings in Equinix were worth $5,088,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in EQIX. Principal Financial Group Inc. increased its position 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 buying an additional 5,910 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 increased its holdings 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 worth $1,009,293,000 after acquiring an additional 19,844 shares during the last quarter. Clearbridge Investments LLC raised its stake in Equinix by 21.5% in the 2nd quarter. Clearbridge Investments LLC now owns 902,493 shares of the financial services provider's stock valued at $682,826,000 after acquiring an additional 159,576 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in Equinix by 7.2% during the 2nd 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. 94.94% of the stock is owned by institutional investors.
EQIX has been the topic of several research analyst reports. Mizuho increased their price objective 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. Evercore ISI upped their target price on Equinix from $945.00 to $975.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Cfra reiterated a "hold" rating on shares of Equinix in a research note on Tuesday, September 24th. Truist Financial upped their price objective on Equinix from $915.00 to $935.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Equinix from $880.00 to $910.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $952.88.
View Our Latest Analysis on EQIX
Shares of EQIX stock opened at $925.72 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $943.02. The company has a market cap of $89.32 billion, a PE ratio of 83.47, a P/E/G ratio of 2.32 and a beta of 0.71. The stock's fifty day moving average price is $890.45 and its two-hundred day moving average price is $822.99.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders 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 1.84%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix's payout ratio is 153.65%.
In other news, Director Christopher B. Paisley sold 100 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the transaction, the director now owns 17,794 shares of the company's stock, valued at $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Raouf Abdel sold 1,022 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $923.56, for a total transaction of $943,878.32. Following the sale, the executive vice president now directly owns 4,893 shares in the company, valued at $4,518,979.08. The trade was a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,754 shares of company stock valued at $11,666,756. 0.27% of the stock is currently owned by insiders.
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.
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