Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 9.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 152,441 shares of the financial services provider's stock after acquiring an additional 13,475 shares during the period. Thrivent Financial for Lutherans owned approximately 0.16% of Equinix worth $135,311,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Banco Santander S.A. boosted its stake in Equinix by 2.0% during the first quarter. Banco Santander S.A. now owns 699 shares of the financial services provider's stock worth $577,000 after buying an additional 14 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Equinix by 151.0% during the 1st quarter. Intech Investment Management LLC now owns 1,634 shares of the financial services provider's stock worth $1,349,000 after acquiring an additional 983 shares during the period. TIAA Trust National Association boosted its position in shares of Equinix by 13.5% during the 1st quarter. TIAA Trust National Association now owns 4,817 shares of the financial services provider's stock valued at $3,976,000 after acquiring an additional 574 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of Equinix in the first quarter valued at about $237,000. Finally, Edgestream Partners L.P. increased its position in Equinix by 191.8% during the first quarter. Edgestream Partners L.P. now owns 1,360 shares of the financial services provider's stock worth $1,122,000 after purchasing an additional 894 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EQIX has been the subject of several analyst reports. Evercore ISI increased their price target on shares of Equinix from $945.00 to $975.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Cfra reiterated a "hold" rating on shares of Equinix in a research report on Tuesday, September 24th. TD Cowen lifted their target price on Equinix from $865.00 to $984.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Truist Financial increased their price target on Equinix from $915.00 to $935.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Equinix from $875.00 to $975.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $944.63.

Insider Buying and Selling at Equinix

In other Equinix news, EVP Raouf Abdel sold 1,022 shares of the firm's stock in a transaction on 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 directly owns 4,893 shares in the company, valued at $4,518,979.08. This trade represents a 17.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Simon Miller sold 569 shares of the company's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total value of $467,097.79. Following the transaction, the chief accounting officer now directly owns 5,554 shares of the company's stock, valued at approximately $4,559,334.14. This represents a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,654 shares of company stock valued at $11,577,656 in the last quarter. Corporate insiders own 0.27% of the company's stock.

Equinix Stock Down 0.1 %

Equinix stock opened at $897.37 on Friday. The firm has a market capitalization of $86.59 billion, a P/E ratio of 80.92, a P/E/G ratio of 2.25 and a beta of 0.71. 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 twelve month low of $684.14 and a twelve month high of $943.02. The stock's fifty day simple moving average is $885.56 and its 200-day simple moving average is $817.67.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $4.26 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $17.04 annualized dividend and a yield of 1.90%. Equinix's dividend payout ratio (DPR) is 153.65%.

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.

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