Parkside Financial Bank & Trust Purchases 25 Shares of Equinix, Inc. (NASDAQ:EQIX)

Parkside Financial Bank & Trust grew its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 310 shares of the financial services provider’s stock after purchasing an additional 25 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Equinix were worth $250,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Equinix by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 12,231,182 shares of the financial services provider’s stock worth $8,883,018,000 after acquiring an additional 34,926 shares during the last quarter. Principal Financial Group Inc. grew its position in Equinix by 44.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,398,418 shares of the financial services provider’s stock worth $1,015,610,000 after acquiring an additional 431,435 shares during the last quarter. Northern Trust Corp grew its position in Equinix by 1.7% during the 3rd quarter. Northern Trust Corp now owns 1,187,990 shares of the financial services provider’s stock worth $862,790,000 after acquiring an additional 20,241 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Equinix by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 974,403 shares of the financial services provider’s stock worth $707,670,000 after acquiring an additional 35,333 shares during the last quarter. Finally, Morgan Stanley grew its position in Equinix by 4.8% during the 3rd quarter. Morgan Stanley now owns 940,617 shares of the financial services provider’s stock worth $683,134,000 after acquiring an additional 43,143 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EQIX. HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective for the company. in a report on Wednesday, March 20th. Oppenheimer increased their price objective on Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. BMO Capital Markets increased their price objective on Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $960.00 price objective on shares of Equinix in a report on Wednesday, March 13th. Finally, Wolfe Research upgraded Equinix from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 2nd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $862.50.

Equinix Stock Down 0.4 %

Equinix stock traded down $3.36 during mid-day trading on Wednesday, reaching $758.54. 356,052 shares of the company were exchanged, compared to its average volume of 559,512. The business has a fifty day moving average of $830.25 and a 200 day moving average of $803.39. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $71.77 billion, a P/E ratio of 73.90, a PEG ratio of 1.95 and a beta of 0.58. Equinix, Inc. has a 12-month low of $672.88 and a 12-month high of $914.93.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a dividend of $4.26 per share. The ex-dividend date was Tuesday, February 27th. This represents a $17.04 annualized dividend and a dividend yield of 2.25%. Equinix’s dividend payout ratio is presently 165.28%.

Insider Activity

In other news, Chairman Camp Peter Van sold 122 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total transaction of $101,396.64. Following the completion of the sale, the chairman now owns 7,968 shares in the company, valued at approximately $6,622,364.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Keith D. Taylor sold 1,164 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was 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 owns 23,187 shares in the company, valued at approximately $19,314,307.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Camp Peter Van sold 122 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the completion of the transaction, the chairman now owns 7,968 shares of the company’s stock, valued at approximately $6,622,364.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,585 shares of company stock worth $3,818,268. Insiders own 0.27% of the company’s stock.

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.