Vert Asset Management LLC Raises Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Vert Asset Management LLC increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,262 shares of the financial services provider’s stock after acquiring an additional 1,016 shares during the period. Equinix comprises about 7.0% of Vert Asset Management LLC’s portfolio, making the stock its 6th biggest position. Vert Asset Management LLC’s holdings in Equinix were worth $16,723,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Goelzer Investment Management Inc. grew its holdings in shares of Equinix by 0.3% in the fourth quarter. Goelzer Investment Management Inc. now owns 4,177 shares of the financial services provider’s stock valued at $3,364,000 after acquiring an additional 13 shares in the last quarter. Sage Mountain Advisors LLC grew its holdings in shares of Equinix by 3.9% in the fourth quarter. Sage Mountain Advisors LLC now owns 377 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 14 shares in the last quarter. Legacy Advisors LLC grew its holdings in shares of Equinix by 1.6% in the third quarter. Legacy Advisors LLC now owns 935 shares of the financial services provider’s stock valued at $679,000 after acquiring an additional 15 shares in the last quarter. Ieq Capital LLC lifted its stake in Equinix by 0.5% in the fourth quarter. Ieq Capital LLC now owns 2,923 shares of the financial services provider’s stock valued at $2,354,000 after purchasing an additional 15 shares during the last quarter. Finally, First Affirmative Financial Network lifted its stake in Equinix by 2.9% in the fourth quarter. First Affirmative Financial Network now owns 577 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 16 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Equinix

In other news, insider Brandi Galvin Morandi sold 2,070 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the completion of the sale, the insider now directly owns 12,758 shares in the company, valued at $10,212,779. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Equinix news, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $800.50, for a total value of $1,657,035.00. Following the completion of the sale, the insider now directly owns 12,758 shares in the company, valued at $10,212,779. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $812.98, for a total transaction of $81,298.00. Following the completion of the sale, the director now owns 17,641 shares of the company’s stock, valued at $14,341,780.18. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays upped their price objective on Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Morgan Stanley dropped their price objective on Equinix from $767.00 to $762.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 28th. HSBC downgraded Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price on the stock. in a research report on Wednesday, March 20th. 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, Royal Bank of Canada dropped their target price on Equinix from $950.00 to $922.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 28th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $872.50.

Equinix Price Performance

EQIX traded up $10.26 during trading on Thursday, reaching $752.13. The stock had a trading volume of 41,290 shares, compared to its average volume of 593,872. The stock has a market cap of $71.38 billion, a PE ratio of 74.41, a PEG ratio of 2.59 and a beta of 0.68. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.10 and a current ratio of 1.10. Equinix, Inc. has a one year low of $677.80 and a one year high of $914.93. The business has a 50-day moving average of $755.29 and a 200-day moving average of $801.24.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd were paid a dividend of $4.26 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.27%. Equinix’s dividend payout ratio (DPR) is currently 170.91%.

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.