Greenleaf Trust Purchases 16 Shares of Equinix, Inc. (NASDAQ:EQIX)

Greenleaf Trust raised its position in Equinix, Inc. (NASDAQ:EQIXGet Rating) by 1.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,301 shares of the financial services provider’s stock after acquiring an additional 16 shares during the quarter. Greenleaf Trust’s holdings in Equinix were worth $855,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CoreCap Advisors LLC bought a new position in shares of Equinix in the second quarter worth about $25,000. Heritage Financial Services LLC bought a new position in shares of Equinix in the second quarter worth about $28,000. Vigilant Capital Management LLC bought a new position in shares of Equinix in the second quarter worth about $32,000. Rational Advisors LLC raised its stake in shares of Equinix by 72.4% in the first quarter. Rational Advisors LLC now owns 50 shares of the financial services provider’s stock worth $37,000 after buying an additional 21 shares during the period. Finally, Tompkins Financial Corp bought a new position in shares of Equinix in the second quarter worth about $33,000. Institutional investors own 93.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EQIX shares. The Goldman Sachs Group decreased their target price on Equinix from $765.00 to $670.00 and set a “buy” rating on the stock in a research note on Wednesday, October 12th. Raymond James decreased their target price on Equinix from $950.00 to $800.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, October 11th. Royal Bank of Canada raised their price target on Equinix from $668.00 to $720.00 and gave the company an “outperform” rating in a report on Monday, November 14th. Cowen cut their price target on Equinix to $726.00 in a report on Thursday, October 20th. Finally, Citigroup cut their price target on Equinix from $810.00 to $750.00 in a report on Sunday, November 13th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Equinix has an average rating of “Moderate Buy” and an average price target of $751.18.

Equinix Trading Up 2.4 %

Shares of NASDAQ EQIX opened at $671.77 on Thursday. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.30. The business has a fifty day simple moving average of $583.22 and a two-hundred day simple moving average of $635.00. The firm has a market cap of $62.17 billion, a PE ratio of 87.81, a price-to-earnings-growth ratio of 2.72 and a beta of 0.53. Equinix, Inc. has a twelve month low of $494.89 and a twelve month high of $853.42.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Wednesday, November 16th will be given a dividend of $3.10 per share. This represents a $12.40 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Tuesday, November 15th. Equinix’s dividend payout ratio (DPR) is presently 162.09%.

Insider Buying and Selling at Equinix

In other Equinix news, CEO Charles J. Meyers sold 377 shares of Equinix stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $650.00, for a total transaction of $245,050.00. Following the completion of the sale, the chief executive officer now directly owns 7,439 shares of the company’s stock, valued at approximately $4,835,350. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Equinix news, CEO Charles J. Meyers sold 377 shares of Equinix stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $650.00, for a total transaction of $245,050.00. Following the completion of the sale, the chief executive officer now directly owns 7,439 shares of the company’s stock, valued at approximately $4,835,350. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brandi Galvin Morandi sold 65 shares of the business’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $549.83, for a total value of $35,738.95. Following the completion of the transaction, the insider now directly owns 17,285 shares of the company’s stock, valued at $9,503,811.55. The disclosure for this sale can be found here. Insiders sold a total of 492 shares of company stock valued at $313,723 in the last ninety days. Corporate insiders own 0.32% of the company’s stock.

Equinix Company Profile

(Get Rating)

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage.

Featured Stories

Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIXGet Rating).

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.