Curi RMB Capital LLC Purchases 23 Shares of Equinix, Inc. (NASDAQ:EQIX)

Curi RMB Capital LLC grew its stake in Equinix, Inc. (NASDAQ:EQIX) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,888 shares of the financial services provider’s stock after acquiring an additional 23 shares during the quarter. Equinix comprises about 0.9% of Curi RMB Capital LLC’s portfolio, making the stock its 27th biggest position. Curi RMB Capital LLC’s holdings in Equinix were worth $38,956,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Equinix during the second quarter valued at $30,000. LRI Investments LLC purchased a new stake in shares of Equinix during the first quarter worth $31,000. GHP Investment Advisors Inc. raised its position in shares of Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after buying an additional 13 shares during the last quarter. Fortitude Family Office LLC lifted its stake in Equinix by 50.0% in the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Equinix in the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EQIX shares. HSBC upgraded Equinix from a “hold” rating to a “buy” rating and increased their price objective for the stock from $865.00 to $1,000.00 in a research report on Friday, October 4th. Evercore ISI increased their price target on shares of Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Barclays boosted their target price on Equinix from $671.00 to $810.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Truist Financial boosted their target price on shares of Equinix from $915.00 to $935.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, TD Cowen increased their target price on shares of Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $944.63.

Equinix Trading Up 0.3 %

Shares of EQIX stock opened at $901.15 on Thursday. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $943.02. The firm has a market capitalization of $86.95 billion, a P/E ratio of 81.26, a price-to-earnings-growth ratio of 2.27 and a beta of 0.71. The firm’s fifty day simple moving average is $882.45 and its 200 day simple moving average is $815.17. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be paid a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is currently 153.65%.

Insider Activity

In other Equinix news, CAO Simon Miller sold 569 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total value of $467,097.79. Following the completion of the sale, the chief accounting officer now directly owns 5,554 shares in the company, valued at $4,559,334.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Charles J. Meyers sold 6,234 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the sale, the chairman now owns 7,680 shares of the company’s stock, valued at $6,328,089.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Simon Miller sold 569 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total value of $467,097.79. Following the sale, the chief accounting officer now owns 5,554 shares of the company’s stock, valued at $4,559,334.14. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,654 shares of company stock valued at $11,577,656 over the last three months. 0.27% of the stock is owned by insiders.

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.