Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. lifted its position in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 34.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,601 shares of the financial services provider's stock after purchasing an additional 1,184 shares during the period. Zions Bancorporation N.A.'s holdings in Equinix were worth $3,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cypress Capital Group boosted its stake in Equinix by 2.3% in the 2nd quarter. Cypress Capital Group now owns 575 shares of the financial services provider's stock worth $435,000 after purchasing an additional 13 shares during the period. MRA Advisory Group boosted its position in shares of Equinix by 3.2% during the second quarter. MRA Advisory Group now owns 419 shares of the financial services provider's stock worth $317,000 after acquiring an additional 13 shares during the last quarter. Lindbrook Capital LLC grew its stake in Equinix by 3.0% during the first quarter. Lindbrook Capital LLC now owns 487 shares of the financial services provider's stock valued at $402,000 after acquiring an additional 14 shares in the last quarter. Banco Santander S.A. increased its holdings in Equinix by 2.0% in the 1st quarter. Banco Santander S.A. now owns 699 shares of the financial services provider's stock valued at $577,000 after acquiring an additional 14 shares during the last quarter. Finally, Abbrea Capital LLC lifted its stake in Equinix by 5.5% in the 2nd quarter. Abbrea Capital LLC now owns 270 shares of the financial services provider's stock worth $204,000 after purchasing an additional 14 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EQIX. Truist Financial boosted their target price on Equinix from $915.00 to $935.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Mizuho increased their target price on Equinix from $873.00 to $971.00 and gave the company an "outperform" rating in a research report on Thursday. The Goldman Sachs Group initiated coverage on shares of Equinix in a research report on Monday, July 1st. They issued a "buy" rating and a $870.00 price target on the stock. Royal Bank of Canada lowered their price objective on shares of Equinix from $950.00 to $922.00 and set an "outperform" rating for the company in a research report on Tuesday, May 28th. Finally, TD Cowen boosted their target price on shares of Equinix from $859.00 to $865.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $883.71.

Insider Buying and Selling at Equinix

In other news, Chairman Charles J. Meyers sold 6,234 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the transaction, the chairman now owns 7,680 shares of the company's stock, valued at approximately $6,328,089.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Equinix news, insider Meredith Williamson sold 576 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $824.19, for a total transaction of $474,733.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Charles J. Meyers sold 6,234 shares of the business's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $823.97, for a total value of $5,136,628.98. Following the completion of the transaction, the chairman now directly owns 7,680 shares of the company's stock, valued at $6,328,089.60. The disclosure for this sale can be found here. Insiders sold a total of 10,043 shares of company stock valued at $8,282,119 in the last ninety days. Corporate insiders own 0.27% of the company's stock.

Equinix Trading Up 0.3 %

Shares of EQIX stock traded up $2.73 on Friday, reaching $871.54. 282,021 shares of the company's stock were exchanged, compared to its average volume of 547,132. The company's fifty day simple moving average is $809.13 and its 200 day simple moving average is $794.14. Equinix, Inc. has a 52 week low of $677.80 and a 52 week high of $914.93. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $82.74 billion, a PE ratio of 87.14, a P/E/G ratio of 2.11 and a beta of 0.71.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, August 7th. The financial services provider reported $3.16 earnings per share for the quarter, missing the consensus estimate of $7.88 by ($4.72). The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Equinix had a return on equity of 8.46% and a net margin of 12.24%. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $8.04 earnings per share. As a group, analysts forecast that Equinix, Inc. will post 31.01 EPS for the current year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st will be issued a dividend of $4.26 per share. The ex-dividend date is Wednesday, August 21st. This represents a $17.04 annualized dividend and a yield of 1.96%. Equinix's payout ratio is currently 170.91%.

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.