Parallel Advisors LLC Acquires 115 Shares of Equinix, Inc. (NASDAQ:EQIX)

Parallel Advisors LLC lifted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 16.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 825 shares of the financial services provider’s stock after buying an additional 115 shares during the period. Parallel Advisors LLC’s holdings in Equinix were worth $778,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new position in shares of Equinix in the 4th quarter worth approximately $31,000. J.Safra Asset Management Corp bought a new position in shares of Equinix in the 4th quarter worth approximately $39,000. Sierra Ocean LLC bought a new position in shares of Equinix in the 4th quarter worth approximately $42,000. Dunhill Financial LLC lifted its stake in shares of Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 25 shares during the period. Finally, Thompson Investment Management Inc. bought a new position in shares of Equinix in the 4th quarter worth approximately $47,000. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on EQIX. Royal Bank of Canada raised their target price on shares of Equinix from $936.00 to $1,025.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. BMO Capital Markets decreased their target price on shares of Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Scotiabank raised their target price on shares of Equinix from $1,033.00 to $1,040.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 3rd. Wells Fargo & Company decreased their target price on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Finally, JMP Securities reiterated a “market outperform” rating and set a $1,200.00 price objective on shares of Equinix in a research report on Thursday, February 13th. Three investment 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $989.35.

Insiders Place Their Bets

In other news, EVP Raouf Abdel sold 1,331 shares of the business’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 sale, the executive vice president now directly owns 6,579 shares of the company’s stock, valued at approximately $5,945,508.09. The trade was a 16.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kurt Pletcher sold 341 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $903.72, for a total transaction of $308,168.52. Following the sale, the insider now directly owns 1,430 shares of the company’s stock, 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. Insiders sold 19,054 shares of company stock valued at $17,466,950 over the last three months. 0.27% of the stock is owned by company insiders.

Equinix Trading Up 1.7 %

EQIX stock opened at $855.33 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a fifty day moving average price of $906.85 and a 200 day moving average price of $908.67. The firm has a market cap of $83.25 billion, a PE ratio of 100.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03.

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

Equinix Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.19%. This is a positive change from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date was Wednesday, February 26th. Equinix’s payout ratio is presently 219.42%.

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.