Zions Bancorporation N.A. Has $4.52 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

Zions Bancorporation N.A. boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 10.7% in the third quarter, HoldingsChannel reports. The firm owned 5,092 shares of the financial services provider’s stock after acquiring an additional 491 shares during the period. Zions Bancorporation N.A.’s holdings in Equinix were worth $4,520,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. KBC Group NV increased its stake in shares of Equinix by 262.4% in the 3rd quarter. KBC Group NV now owns 98,271 shares of the financial services provider’s stock valued at $87,229,000 after buying an additional 71,155 shares during the period. Huntington National Bank boosted its position in shares of Equinix by 0.4% in the 3rd quarter. Huntington National Bank now owns 17,461 shares of the financial services provider’s stock worth $15,499,000 after purchasing an additional 62 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Equinix by 5.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 5,215 shares of the financial services provider’s stock worth $4,629,000 after purchasing an additional 268 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Equinix by 7.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,527 shares of the financial services provider’s stock worth $6,681,000 after purchasing an additional 528 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Equinix by 14.9% in the 3rd quarter. Victory Capital Management Inc. now owns 44,651 shares of the financial services provider’s stock worth $39,634,000 after purchasing an additional 5,786 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Price Performance

NASDAQ:EQIX opened at $901.15 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The stock’s 50-day simple moving average is $882.45 and its 200 day simple moving average is $815.17. The company has a market cap 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, Inc. has a 52-week low of $684.14 and a 52-week high of $943.02.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be given 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 is currently 153.65%.

Wall Street Analysts Forecast Growth

EQIX has been the topic of several recent analyst reports. Scotiabank lifted their target price on Equinix from $954.00 to $985.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 31st. Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Mizuho lifted their target price on Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Wells Fargo & Company lifted their target price on Equinix from $875.00 to $975.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, Cfra reiterated a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Equinix presently has an average rating of “Moderate Buy” and a consensus price target of $944.63.

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 1,022 shares of Equinix stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $923.56, for a total value of $943,878.32. Following the sale, the executive vice president now owns 4,893 shares of the company’s stock, valued at approximately $4,518,979.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Equinix news, EVP Raouf Abdel sold 1,022 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $923.56, for a total transaction of $943,878.32. Following the transaction, the executive vice president now owns 4,893 shares of the company’s stock, valued at $4,518,979.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Simon Miller sold 569 shares of the business’s stock in a transaction that occurred 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 approximately $4,559,334.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,654 shares of company stock valued at $11,577,656. 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.