Bath Savings Trust Co Increases Position in Equinix, Inc. (NASDAQ:EQIX)

Bath Savings Trust Co lifted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,025 shares of the financial services provider’s stock after buying an additional 828 shares during the period. Bath Savings Trust Co’s holdings in Equinix were worth $9,452,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EQIX. State Street Corp grew its stake in shares of Equinix by 1.4% in the 3rd quarter. State Street Corp now owns 5,826,082 shares of the financial services provider’s stock valued at $5,171,405,000 after purchasing an additional 81,941 shares during the last quarter. Geode Capital Management LLC increased its stake in Equinix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,350,508 shares of the financial services provider’s stock valued at $2,079,591,000 after buying an additional 33,277 shares during the period. Principal Financial Group Inc. raised its position in Equinix by 0.3% during the 3rd 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. JPMorgan Chase & Co. lifted its stake in shares of Equinix by 17.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider’s stock worth $1,188,180,000 after acquiring an additional 203,656 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Equinix by 1.5% in the second 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 acquiring an additional 19,844 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EQIX. Wells Fargo & Company lifted their price objective on Equinix from $985.00 to $1,100.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. TD Cowen raised their target price on shares of Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus upped their price objective on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets raised their target price on shares of Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Cfra restated a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. Three investment 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $976.81.

Equinix Stock Up 0.3 %

NASDAQ:EQIX traded up $2.95 during mid-day trading on Tuesday, hitting $942.95. The company had a trading volume of 356,454 shares, compared to its average volume of 369,794. The business has a fifty day simple moving average of $938.88 and a 200-day simple moving average of $867.04. The firm has a market capitalization of $90.98 billion, a price-to-earnings ratio of 85.03, a PEG ratio of 2.51 and a beta of 0.73. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were paid a dividend of $4.26 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.81%. Equinix’s dividend payout ratio is currently 153.65%.

Insider Activity

In related news, insider Kurt Pletcher sold 222 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $962.20, for a total value of $213,608.40. Following the transaction, the insider now owns 1,015 shares in the company, valued at approximately $976,633. The trade was a 17.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christopher B. Paisley sold 100 shares of Equinix 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 sale, the director now owns 17,794 shares in the company, valued at $15,854,454. This represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,398 shares of company stock worth $7,906,218. 0.27% of the stock is currently owned by company insiders.

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.