Paradigm Financial Partners LLC Boosts Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Paradigm Financial Partners LLC increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.6% in the fourth quarter, Holdings Channel reports. The firm owned 3,841 shares of the financial services provider’s stock after acquiring an additional 204 shares during the period. Paradigm Financial Partners LLC’s holdings in Equinix were worth $3,094,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Valley National Advisers Inc. lifted its holdings in Equinix by 260.0% in the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock worth $28,000 after buying an additional 26 shares in the last quarter. Providence Capital Advisors LLC purchased a new position in shares of Equinix during the 3rd quarter valued at approximately $29,000. Criterion Capital Advisors LLC bought a new stake in shares of Equinix in the fourth quarter worth $32,000. Operose Advisors LLC bought a new stake in shares of Equinix in the 3rd quarter worth about $36,000. Finally, Asset Dedication LLC lifted its position in shares of Equinix by 92.6% during the third quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Price Performance

EQIX traded down $6.74 during midday trading on Friday, reaching $731.61. 779,483 shares of the company’s stock were exchanged, compared to its average volume of 563,003. 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 capitalization of $69.23 billion, a price-to-earnings ratio of 70.96, a price-to-earnings-growth ratio of 1.89 and a beta of 0.58. Equinix, Inc. has a one year low of $672.88 and a one year high of $914.93. The business has a 50-day simple moving average of $823.50 and a two-hundred day simple moving average of $803.06.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were issued a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s dividend payout ratio (DPR) is presently 165.28%.

Analysts Set New Price Targets

Several brokerages have issued reports on EQIX. HSBC cut Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective on the stock. in a research note on Wednesday, March 20th. Royal Bank of Canada boosted their target price on Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Morgan Stanley lowered their price target on Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 28th. Truist Financial upped their price target on shares of Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Oppenheimer boosted their target price on shares of Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $862.50.

Insider Activity at Equinix

In other news, CEO Charles J. Meyers sold 2,110 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.69, for a total transaction of $1,756,975.90. Following the completion of the transaction, the chief executive officer now directly owns 10,115 shares of the company’s stock, valued at $8,422,659.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Equinix news, Chairman Camp Peter Van sold 122 shares of Equinix stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total transaction of $101,396.64. Following the completion of the transaction, the chairman now directly owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Charles J. Meyers sold 2,110 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.69, for a total transaction of $1,756,975.90. Following the completion of the transaction, the chief executive officer now directly owns 10,115 shares in the company, valued at $8,422,659.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,585 shares of company stock valued at $3,818,268. 0.27% of the stock is owned by corporate insiders.

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.