Zurcher Kantonalbank Zurich Cantonalbank Acquires 6,046 Shares of Equinix, Inc. (NASDAQ:EQIX)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Equinix, Inc. (NASDAQ:EQIX) by 7.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,405 shares of the financial services provider’s stock after acquiring an additional 6,046 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Equinix were worth $73,145,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EQIX. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Equinix during the 2nd quarter worth approximately $30,000. LRI Investments LLC acquired a new position in Equinix during the first quarter worth $31,000. GHP Investment Advisors Inc. raised its position in Equinix by 50.0% during 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 in the last quarter. Fortitude Family Office LLC lifted its stake in Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Equinix in the 2nd quarter valued at about $36,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 864 shares of Equinix stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total transaction of $734,400.00. Following the transaction, the insider now directly owns 9,094 shares of the company’s stock, valued at approximately $7,729,900. The trade was a 8.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Charles J. Meyers sold 6,234 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total value of $5,136,628.98. Following the completion of the sale, the chairman now directly owns 7,680 shares of the company’s stock, valued at approximately $6,328,089.60. The trade was a 44.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,754 shares of company stock valued at $11,666,756. Company insiders own 0.27% of the company’s stock.

Equinix Stock Up 0.1 %

Shares of NASDAQ EQIX opened at $979.10 on Thursday. The stock has a market capitalization of $94.47 billion, a P/E ratio of 88.29, a PEG ratio of 2.51 and a beta of 0.71. The stock’s fifty day moving average is $898.34 and its 200 day moving average is $830.42. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. 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 Announces Dividend

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 given a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Wednesday, November 13th. Equinix’s payout ratio is presently 153.65%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EQIX shares. Wells Fargo & Company upped their target price on shares of Equinix from $875.00 to $975.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. The Goldman Sachs Group upped their price objective on Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. TD Cowen boosted their target price on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus raised their price target on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Scotiabank lifted their price objective on shares of Equinix from $954.00 to $985.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 31st. Five investment 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. According to MarketBeat.com, Equinix has an average rating of “Moderate Buy” and an average price target of $952.88.

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.