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

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,405 shares of the financial services provider’s stock after acquiring an additional 6,046 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.09% of Equinix worth $73,145,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CreativeOne Wealth LLC acquired a new stake in Equinix in the 3rd quarter valued at $279,000. BNP Paribas lifted its holdings in shares of Equinix by 43.1% during the third quarter. BNP Paribas now owns 647 shares of the financial services provider’s stock valued at $574,000 after acquiring an additional 195 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Equinix by 995.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 56,100 shares of the financial services provider’s stock valued at $49,796,000 after purchasing an additional 50,979 shares in the last quarter. Townsquare Capital LLC grew its holdings in shares of Equinix by 47.4% in the 3rd quarter. Townsquare Capital LLC now owns 1,943 shares of the financial services provider’s stock worth $1,725,000 after purchasing an additional 625 shares during the last quarter. Finally, Thematics Asset Management increased its position in shares of Equinix by 17.7% during the 3rd quarter. Thematics Asset Management now owns 39,951 shares of the financial services provider’s stock worth $35,462,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Equinix from $950.00 to $975.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Hsbc Global Res raised Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. BMO Capital Markets lifted their price objective on Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Wells Fargo & Company boosted their price objective on Equinix from $875.00 to $975.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, HSBC upgraded Equinix from a “hold” rating to a “buy” rating and raised their target price for the company from $865.00 to $1,000.00 in a research note on Friday, October 4th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $952.88.

Equinix Trading Up 0.1 %

NASDAQ:EQIX opened at $979.10 on Thursday. 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, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The firm has a market capitalization of $94.47 billion, a price-to-earnings ratio of 88.29, a PEG ratio of 2.51 and a beta of 0.71. The business’s 50-day moving average price is $898.34 and its two-hundred day moving average price is $830.42.

Equinix Dividend Announcement

The company also recently declared 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. The ex-dividend date is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.74%. Equinix’s dividend payout ratio is 153.65%.

Insider Buying and Selling

In other news, CAO Simon Miller sold 569 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total transaction 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. This trade represents a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Meredith Williamson sold 576 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total value of $474,733.44. The disclosure for this sale can be found here. Insiders have sold 13,754 shares of company stock valued at $11,666,756 in the last 90 days. 0.27% of the stock is owned by insiders.

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.