Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by CENTRAL TRUST Co

CENTRAL TRUST Co raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 24.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 202 shares of the financial services provider’s stock after acquiring an additional 40 shares during the period. CENTRAL TRUST Co’s holdings in Equinix were worth $167,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. V Square Quantitative Management LLC boosted its holdings in Equinix by 24.7% in the 1st quarter. V Square Quantitative Management LLC now owns 1,939 shares of the financial services provider’s stock valued at $1,600,000 after purchasing an additional 384 shares during the last quarter. Pegasus Partners Ltd. purchased a new position in Equinix in the first quarter worth approximately $219,000. Adams Diversified Equity Fund Inc. purchased a new stake in Equinix during the first quarter worth about $16,094,000. Dakota Wealth Management boosted its stake in shares of Equinix by 7.0% in the first quarter. Dakota Wealth Management now owns 9,991 shares of the financial services provider’s stock valued at $8,246,000 after purchasing an additional 654 shares during the period. Finally, Simplicity Wealth LLC acquired a new position in shares of Equinix in the first quarter valued at approximately $2,887,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Performance

Shares of EQIX traded down $10.78 during midday trading on Wednesday, reaching $781.46. 426,669 shares of the stock were exchanged, compared to its average volume of 624,845. The company has a market capitalization of $74.17 billion, a price-to-earnings ratio of 78.38, a PEG ratio of 2.86 and a beta of 0.62. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. Equinix, Inc. has a twelve month low of $672.88 and a twelve month high of $914.93. The business’s 50-day moving average price is $774.47 and its 200 day moving average price is $805.82.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd will be paid a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Tuesday, May 21st. Equinix’s dividend payout ratio is currently 170.91%.

Insider Activity

In other Equinix news, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the transaction, the insider now directly owns 12,758 shares of the company’s stock, valued at approximately $10,212,779. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Christopher B. Paisley sold 100 shares of Equinix stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $812.98, for a total value of $81,298.00. Following the transaction, the director now directly owns 17,641 shares in the company, valued at approximately $14,341,780.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 2,070 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the transaction, the insider now owns 12,758 shares in the company, valued at $10,212,779. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

EQIX has been the subject of a number of recent research reports. Royal Bank of Canada lifted their target price on Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Wells Fargo & Company raised their target price on shares of Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $960.00 price target on shares of Equinix in a research note on Wednesday, March 13th. BMO Capital Markets increased their price objective on shares of Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Finally, HSBC cut shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective for the company. in a research report on Wednesday, March 20th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $874.44.

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.