Equinix, Inc. (NASDAQ:EQIX) Stock Holdings Lifted by Zions Bancorporation N.A.

Zions Bancorporation N.A. raised its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 10.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,092 shares of the financial services provider’s stock after purchasing an additional 491 shares during the quarter. Zions Bancorporation N.A.’s holdings in Equinix were worth $4,520,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EQIX. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Equinix in the second quarter worth $30,000. LRI Investments LLC acquired a new position in shares of Equinix in the first quarter worth $31,000. GHP Investment Advisors Inc. increased its stake 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 worth $35,000 after acquiring an additional 13 shares during the last quarter. Fortitude Family Office LLC increased its stake in shares of Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 13 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Equinix in the second quarter worth $36,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Equinix

In other news, EVP Scott Crenshaw sold 1,107 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $815.60, for a total value of $902,869.20. Following the completion of the transaction, the executive vice president now directly owns 4 shares of the company’s stock, valued at approximately $3,262.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Scott Crenshaw sold 1,107 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $815.60, for a total value of $902,869.20. Following the completion of the transaction, the executive vice president now directly owns 4 shares of the company’s stock, valued at approximately $3,262.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Simon Miller sold 569 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total value of $467,097.79. Following the sale, the chief accounting officer now directly owns 5,554 shares of the company’s stock, valued at $4,559,334.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,654 shares of company stock valued at $11,577,656. Corporate insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EQIX. Wells Fargo & Company upped their price target on shares of Equinix from $875.00 to $975.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Barclays upped their price objective on shares of Equinix from $671.00 to $810.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Mizuho upped their price objective on shares of Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Equinix from $880.00 to $910.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, Hsbc Global Res upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $944.63.

Equinix Price Performance

Shares of EQIX stock opened at $901.15 on Thursday. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $943.02. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The stock has a 50 day moving average of $882.45 and a two-hundred day moving average of $815.17. The company has a market capitalization of $86.95 billion, a P/E ratio of 81.26, a P/E/G ratio of 2.27 and a beta of 0.71.

Equinix Dividend Announcement

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

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.