Central Pacific Bank Trust Division Has $109,000 Stake in Equinix, Inc. (NASDAQ:EQIX)

Central Pacific Bank Trust Division lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 28.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 116 shares of the financial services provider’s stock after selling 45 shares during the period. Central Pacific Bank Trust Division’s holdings in Equinix were worth $109,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. GHP Investment Advisors Inc. lifted its position in shares of 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 acquiring an additional 13 shares during the period. Fortitude Family Office LLC raised its stake in shares of Equinix by 50.0% in the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 13 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Equinix in the second quarter worth $36,000. Sugarloaf Wealth Management LLC boosted its stake in Equinix by 100.0% during the third quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock worth $36,000 after buying an additional 20 shares in the last quarter. Finally, Dunhill Financial LLC increased its holdings in Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after buying an additional 25 shares during the period. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Equinix

In related news, CEO Adaire Fox-Martin sold 2,965 shares of Equinix stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the completion of the sale, the chief executive officer now directly owns 3,069 shares of the company’s stock, valued at $2,951,211.78. The trade was a 49.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brandi Galvin Morandi sold 863 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $915.00, for a total value of $789,645.00. Following the completion of the transaction, the insider now directly owns 8,231 shares in the company, valued at $7,531,365. The trade was a 9.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,398 shares of company stock worth $7,906,218 in the last quarter. 0.27% of the stock is owned by company insiders.

Equinix Trading Up 1.7 %

EQIX stock opened at $959.97 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a twelve month low of $684.14 and a twelve month high of $994.03. The company has a market cap of $92.63 billion, a P/E ratio of 86.56, a PEG ratio of 2.51 and a beta of 0.73. The business has a fifty day moving average of $938.33 and a 200-day moving average of $864.52.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th were paid a $4.26 dividend. This represents a $17.04 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

Analysts Set New Price Targets

Several analysts have recently weighed in on EQIX shares. Cfra reiterated a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. Stifel Nicolaus lifted their price objective on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Evercore ISI raised their target price on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Mizuho upped their price target on Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Equinix presently has an average rating of “Moderate Buy” and a consensus price target of $976.81.

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.