615 Shares in Equinix, Inc. (NASDAQ:EQIX) Acquired by BankPlus Trust Department

BankPlus Trust Department bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the fourth quarter, HoldingsChannel.com reports. The firm bought 615 shares of the financial services provider’s stock, valued at approximately $580,000.

Several other large investors have also added to or reduced their stakes in EQIX. Kestra Investment Management LLC bought a new stake in shares of Equinix during the 4th quarter valued at $31,000. GHP Investment Advisors Inc. increased its stake in Equinix by 50.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after buying an additional 13 shares in the last quarter. Fortitude Family Office LLC raised its holdings in Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares during the period. Sierra Ocean LLC purchased a new position in shares of Equinix in the fourth quarter valued at about $42,000. Finally, Dunhill Financial LLC boosted its stake in shares of Equinix by 108.7% in the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other Equinix news, EVP Raouf Abdel sold 1,331 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the completion of the transaction, the executive vice president now directly owns 6,579 shares in the company, valued at approximately $5,945,508.09. This represents a 16.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kurt Pletcher sold 341 shares of Equinix stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $903.72, for a total value of $308,168.52. Following the completion of the sale, the insider now directly owns 1,430 shares in the company, valued at $1,292,319.60. This represents a 19.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,741 shares of company stock valued at $21,988,532. 0.27% of the stock is owned by insiders.

Equinix Stock Down 2.2 %

Shares of NASDAQ EQIX opened at $919.68 on Monday. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The firm has a 50-day simple moving average of $931.27 and a two-hundred day simple moving average of $902.71. The company has a market cap of $89.51 billion, a P/E ratio of 107.56, a PEG ratio of 1.78 and a beta of 0.72. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. Research analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be issued a dividend of $4.69 per share. This is an increase from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date is Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.04%. Equinix’s payout ratio is 219.42%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EQIX. TD Cowen lifted their target price on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Barclays boosted their target price on shares of Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th. Wells Fargo & Company dropped their target price on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Oppenheimer lifted their price target on shares of Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Moffett Nathanson raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Equinix has an average rating of “Buy” and an average target price of $994.82.

Equinix Company 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.