Hantz Financial Services Inc. Increases Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Hantz Financial Services Inc. increased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 8.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,677 shares of the financial services provider’s stock after purchasing an additional 275 shares during the quarter. Hantz Financial Services Inc.’s holdings in Equinix were worth $3,264,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GS Investments Inc. lifted its stake in shares of Equinix by 0.5% during the third quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock valued at $2,087,000 after buying an additional 12 shares during the period. Cypress Capital Group lifted its stake in shares of Equinix by 2.3% during 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 holdings 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 purchasing an additional 13 shares during the last quarter. GHP Investment Advisors Inc. grew its position in shares of Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the period. Finally, Fortitude Family Office LLC increased 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 valued at $35,000 after purchasing an additional 13 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EQIX shares. Mizuho raised their price target on Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Cfra reissued a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. Stifel Nicolaus upped their price target on shares of Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. HSBC upgraded shares of Equinix from a “hold” rating to a “buy” rating and lifted their price target for the company from $865.00 to $1,000.00 in a report on Friday, October 4th. Finally, Evercore ISI upped their price objective on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Equinix has an average rating of “Moderate Buy” and a consensus target price of $962.56.

Insider Buying and Selling

In other news, insider Meredith Williamson sold 576 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total value of $474,733.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Simon Miller sold 569 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total transaction of $467,097.79. Following the completion of the sale, the chief accounting officer now owns 5,554 shares of the company’s stock, valued at approximately $4,559,334.14. The trade was a 9.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,754 shares of company stock valued at $11,666,756. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Performance

NASDAQ:EQIX opened at $981.48 on Friday. The firm has a market cap of $94.70 billion, a price-to-earnings ratio of 88.50, a price-to-earnings-growth ratio of 2.52 and a beta of 0.71. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average of $902.59 and a 200-day moving average of $833.17.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Wednesday, November 13th. Equinix’s dividend payout ratio 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.