Bath Savings Trust Co Has $6.95 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

Bath Savings Trust Co trimmed its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 0.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,859 shares of the financial services provider’s stock after selling 15 shares during the period. Bath Savings Trust Co’s holdings in Equinix were worth $6,945,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC acquired a new stake in shares of Equinix during the first quarter worth $28,000. Tanglewood Legacy Advisors LLC acquired a new stake in Equinix in the 4th quarter valued at $28,000. Massmutual Trust Co. FSB ADV increased its stake in Equinix by 112.5% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 51 shares of the financial services provider’s stock valued at $37,000 after buying an additional 27 shares during the last quarter. Quarry LP increased its stake in Equinix by 237.5% in the 1st quarter. Quarry LP now owns 54 shares of the financial services provider’s stock valued at $39,000 after buying an additional 38 shares during the last quarter. Finally, Heritage Wealth Management LLC increased its stake in Equinix by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 62 shares of the financial services provider’s stock valued at $41,000 after buying an additional 31 shares during the last quarter. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on EQIX shares. Barclays lifted their price target on shares of Equinix from $700.00 to $720.00 and gave the company an “equal weight” rating in a research note on Thursday, August 3rd. UBS Group lifted their price target on shares of Equinix from $765.00 to $900.00 in a research note on Thursday, June 22nd. Raymond James boosted their price objective on shares of Equinix from $885.00 to $910.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Equinix from $780.00 to $825.00 and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Finally, Bank of America boosted their price objective on shares of Equinix from $750.00 to $850.00 in a research note on Friday, June 23rd. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Equinix has an average rating of “Moderate Buy” and a consensus target price of $814.57.

Insider Activity

In other news, CFO Keith D. Taylor sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $758.00, for a total value of $758,000.00. Following the completion of the transaction, the chief financial officer now directly owns 22,177 shares in the company, valued at approximately $16,810,166. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Keith D. Taylor sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $758.00, for a total transaction of $758,000.00. Following the completion of the transaction, the chief financial officer now directly owns 22,177 shares in the company, valued at approximately $16,810,166. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Fidelma Russo sold 365 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $777.08, for a total transaction of $283,634.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,584 shares of company stock worth $8,952,535. 0.32% of the stock is currently owned by corporate insiders.

Equinix Stock Performance

NASDAQ EQIX traded down $0.23 during trading on Monday, reaching $775.99. The company’s stock had a trading volume of 115,691 shares, compared to its average volume of 403,390. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $72.61 billion, a price-to-earnings ratio of 89.52, a price-to-earnings-growth ratio of 1.88 and a beta of 0.65. Equinix, Inc. has a 12 month low of $494.89 and a 12 month high of $821.63. The firm has a 50 day moving average price of $781.86 and a 200 day moving average price of $744.86.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 23rd will be given a $3.41 dividend. This represents a $13.64 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Tuesday, August 22nd. Equinix’s payout ratio is presently 157.32%.

About Equinix

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.