Parkside Financial Bank & Trust Has $250,000 Position in Equinix, Inc. (NASDAQ:EQIX)

Parkside Financial Bank & Trust raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 310 shares of the financial services provider’s stock after buying an additional 25 shares during the period. Parkside Financial Bank & Trust’s holdings in Equinix were worth $250,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Balentine LLC raised its holdings in shares of Equinix by 0.8% during the 3rd quarter. Balentine LLC now owns 1,707 shares of the financial services provider’s stock valued at $1,240,000 after purchasing an additional 14 shares in the last quarter. Sage Mountain Advisors LLC raised its holdings in shares of Equinix by 3.9% during the 4th quarter. Sage Mountain Advisors LLC now owns 377 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 14 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Equinix by 0.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,783 shares of the financial services provider’s stock valued at $2,021,000 after purchasing an additional 15 shares in the last quarter. Legacy Advisors LLC raised its holdings in shares of Equinix by 1.6% during the 3rd quarter. Legacy Advisors LLC now owns 935 shares of the financial services provider’s stock valued at $679,000 after purchasing an additional 15 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV raised its holdings in shares of Equinix by 0.8% during the 3rd quarter. Arbor Capital Management Inc. ADV now owns 1,964 shares of the financial services provider’s stock valued at $1,396,000 after purchasing an additional 16 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EQIX. HSBC downgraded shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price on the stock. in a report on Wednesday, March 20th. Wolfe Research upgraded shares of Equinix from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 2nd. Wells Fargo & Company lifted their target price on shares of Equinix from $800.00 to $825.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Stifel Nicolaus restated a “buy” rating and issued a $960.00 price target on shares of Equinix in a research report on Wednesday, March 13th. Finally, Truist Financial raised their price target on shares of Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $862.50.

Insider Buying and Selling at Equinix

In other Equinix news, CFO Keith D. Taylor sold 1,164 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.98, for a total value of $969,588.72. Following the completion of the transaction, the chief financial officer now directly owns 23,187 shares of the company’s stock, valued at $19,314,307.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Scott Crenshaw sold 460 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.97, for a total transaction of $383,166.20. Following the completion of the sale, the executive vice president now owns 1,242 shares of the company’s stock, valued at $1,034,548.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Keith D. Taylor sold 1,164 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.98, for a total transaction of $969,588.72. Following the completion of the transaction, the chief financial officer now directly owns 23,187 shares of the company’s stock, valued at approximately $19,314,307.26. The disclosure for this sale can be found here. Insiders have sold a total of 4,585 shares of company stock worth $3,818,268 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

NASDAQ:EQIX traded down $3.36 on Wednesday, reaching $758.54. The stock had a trading volume of 356,052 shares, compared to its average volume of 559,512. The company has a market capitalization of $71.77 billion, a P/E ratio of 73.90, a price-to-earnings-growth ratio of 1.95 and a beta of 0.58. Equinix, Inc. has a 1-year low of $672.88 and a 1-year high of $914.93. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.19. The stock has a fifty day moving average price of $830.25 and a 200-day moving average price of $803.39.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were given a $4.26 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $17.04 dividend on an annualized basis and a yield of 2.25%. Equinix’s dividend payout ratio (DPR) is presently 165.28%.

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.