Equinix, Inc. (NASDAQ:EQIX) Shares Acquired by Cypress Capital Group

Cypress Capital Group boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 52.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 877 shares of the financial services provider’s stock after buying an additional 302 shares during the quarter. Cypress Capital Group’s holdings in Equinix were worth $778,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. LRI Investments LLC purchased a new position in shares of Equinix in the 1st quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Equinix during the second quarter valued at about $30,000. GHP Investment Advisors Inc. grew its stake in Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares in the last quarter. Fortitude Family Office LLC grew its stake in Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC lifted its holdings in Equinix by 100.0% in the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Up 0.7 %

EQIX opened at $925.72 on Friday. The business’s fifty day simple moving average is $890.45 and its 200 day simple moving average is $822.99. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $943.02. The stock has a market cap of $89.32 billion, a PE ratio of 83.47, a P/E/G ratio of 2.32 and a beta of 0.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be paid a $4.26 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $17.04 annualized dividend and a dividend yield of 1.84%. Equinix’s payout ratio is presently 153.65%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EQIX shares. Evercore ISI lifted their price target on Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Scotiabank upped their price objective on shares of Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 31st. Barclays lifted their target price on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research note on Monday. Cfra reiterated a “hold” rating on shares of Equinix in a report on Tuesday, September 24th. Finally, Wells Fargo & Company boosted 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. Five equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $952.88.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the transaction, the director now directly owns 17,794 shares in the company, valued at $15,854,454. The trade was a 0.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brandi Galvin Morandi sold 864 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total transaction of $734,400.00. Following the completion of the transaction, the insider now owns 9,094 shares of the company’s stock, valued at approximately $7,729,900. The trade was a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,754 shares of company stock valued at $11,666,756 over the last ninety days. 0.27% of the stock is owned by insiders.

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.