125 Shares in Equinix, Inc. (NASDAQ:EQIX) Purchased by New Covenant Trust Company N.A.

New Covenant Trust Company N.A. acquired a new position in Equinix, Inc. (NASDAQ:EQIX) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 125 shares of the financial services provider’s stock, valued at approximately $103,000.

Other institutional investors have also bought and sold shares of the company. CNB Bank raised its position in Equinix by 172.7% in the first quarter. CNB Bank now owns 30 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 19 shares in the last quarter. Valley National Advisers Inc. raised its position in Equinix by 260.0% in the fourth quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 26 shares in the last quarter. Criterion Capital Advisors LLC bought a new stake in Equinix in the fourth quarter worth about $32,000. Rise Advisors LLC bought a new stake in Equinix in the first quarter worth about $39,000. Finally, Rational Advisors LLC bought a new stake in Equinix in the first quarter worth about $53,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Stock Up 2.6 %

Shares of NASDAQ EQIX traded up $20.94 during trading hours on Thursday, hitting $811.18. The stock had a trading volume of 622,717 shares, compared to its average volume of 569,080. The company has a market capitalization of $76.99 billion, a P/E ratio of 81.36, a P/E/G ratio of 2.66 and a beta of 0.68. The firm’s 50-day moving average price is $770.69 and its two-hundred day moving average price is $796.57. Equinix, Inc. has a 52 week low of $677.80 and a 52 week high of $914.93. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.10 and a current ratio of 1.10.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd were given a dividend of $4.26 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $17.04 dividend on an annualized basis and a yield of 2.10%. Equinix’s payout ratio is currently 170.91%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank of Canada cut their price objective on Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a report on Tuesday, May 28th. Mizuho assumed coverage on Equinix in a report on Thursday, July 11th. They set an “outperform” rating and a $873.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Equinix in a report on Monday, July 1st. They set a “buy” rating and a $870.00 price objective on the stock. TD Cowen cut their price objective on Equinix from $862.00 to $859.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Finally, Wells Fargo & Company upgraded Equinix from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $825.00 to $875.00 in a report on Tuesday, July 23rd. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $875.50.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $812.98, for a total transaction of $81,298.00. Following the completion of the sale, the director now owns 17,641 shares of the company’s stock, valued at $14,341,780.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $812.98, for a total transaction of $81,298.00. Following the completion of the transaction, the director now directly owns 17,641 shares in the company, valued at $14,341,780.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $800.50, for a total value of $1,657,035.00. Following the transaction, the insider now owns 12,758 shares of the company’s stock, valued at $10,212,779. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Equinix 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.