CENTRAL TRUST Co Sells 50 Shares of Equinix, Inc. (NASDAQ:EQIX)

CENTRAL TRUST Co reduced its holdings in Equinix, Inc. (NASDAQ:EQIX) by 23.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 162 shares of the financial services provider’s stock after selling 50 shares during the quarter. CENTRAL TRUST Co’s holdings in Equinix were worth $130,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Norges Bank purchased a new stake in Equinix in the 4th quarter worth approximately $725,557,000. Principal Financial Group Inc. lifted its holdings in Equinix by 44.6% in 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 buying an additional 431,435 shares during the period. Morgan Stanley lifted its holdings in Equinix by 26.5% in the 4th quarter. Morgan Stanley now owns 854,549 shares of the financial services provider’s stock worth $559,756,000 after buying an additional 179,023 shares during the period. Wellington Management Group LLP lifted its holdings in Equinix by 28.3% in the 1st quarter. Wellington Management Group LLP now owns 604,277 shares of the financial services provider’s stock worth $448,144,000 after buying an additional 133,132 shares during the period. Finally, Barclays PLC lifted its holdings in Equinix by 157.5% in the 2nd quarter. Barclays PLC now owns 214,988 shares of the financial services provider’s stock worth $168,540,000 after buying an additional 131,503 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Royal Bank of Canada increased their price objective on Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Oppenheimer increased their target price on Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Wells Fargo & Company increased their target price on Equinix from $800.00 to $825.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 15th. Truist Financial increased their target price on Equinix from $915.00 to $950.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $960.00 target price on shares of Equinix in a research report on Wednesday, March 13th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Equinix has an average rating of “Moderate Buy” and a consensus price target of $868.72.

Insider Activity at Equinix

In other Equinix news, insider Michael Earl Campbell sold 2,199 shares of Equinix stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $799.92, for a total value of $1,759,024.08. Following the completion of the sale, the insider now owns 14,067 shares of the company’s stock, valued at approximately $11,252,474.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Equinix news, insider Michael Earl Campbell sold 2,199 shares of Equinix stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $799.92, for a total value of $1,759,024.08. Following the completion of the sale, the insider now owns 14,067 shares of the company’s stock, valued at approximately $11,252,474.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brandi Galvin Morandi sold 729 shares of Equinix stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total value of $607,140.36. Following the completion of the sale, the insider now directly owns 14,002 shares of the company’s stock, valued at approximately $11,661,425.68. The disclosure for this sale can be found here. Insiders sold a total of 18,282 shares of company stock valued at $14,788,771 in the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Equinix Stock Up 1.7 %

EQIX stock opened at $801.24 on Wednesday. Equinix, Inc. has a twelve month low of $672.88 and a twelve month 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 firm has a market cap of $75.81 billion, a PE ratio of 77.71, a price-to-earnings-growth ratio of 1.87 and a beta of 0.58. The business has a 50 day moving average of $848.15 and a 200 day moving average of $800.81.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were given a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Tuesday, February 27th. Equinix’s dividend payout ratio (DPR) is presently 165.28%.

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.