Vicus Capital Takes Position in Equinix, Inc. (NASDAQ:EQIX)

Vicus Capital bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 254 shares of the financial services provider’s stock, valued at approximately $210,000.

Several other large investors have also added to or reduced their stakes in EQIX. Mutual Advisors LLC boosted its holdings in Equinix by 6.0% in the third quarter. Mutual Advisors LLC now owns 353 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 20 shares in the last quarter. Bank of Nova Scotia boosted its holdings in Equinix by 14.4% in the third quarter. Bank of Nova Scotia now owns 8,912 shares of the financial services provider’s stock worth $6,472,000 after acquiring an additional 1,124 shares in the last quarter. Ancora Advisors LLC boosted its holdings in Equinix by 12.5% in the third quarter. Ancora Advisors LLC now owns 369 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 41 shares in the last quarter. Fred Alger Management LLC boosted its holdings in Equinix by 31.1% in the third quarter. Fred Alger Management LLC now owns 2,329 shares of the financial services provider’s stock worth $1,691,000 after acquiring an additional 553 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its holdings in Equinix by 73.4% in the third quarter. Gotham Asset Management LLC now owns 6,224 shares of the financial services provider’s stock worth $4,520,000 after acquiring an additional 2,635 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insiders Place Their Bets

In other Equinix news, insider Brandi Galvin Morandi sold 2,070 shares of Equinix stock in a transaction dated Thursday, May 16th. The stock was 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 owns 12,758 shares of the company’s stock, valued at $10,212,779. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Equinix news, insider Brandi Galvin Morandi sold 2,070 shares of Equinix stock in a transaction dated Thursday, May 16th. The stock was 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 owns 12,758 shares of the company’s stock, valued at $10,212,779. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher B. Paisley sold 100 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $812.98, for a total value of $81,298.00. Following the completion of the sale, the director now directly owns 17,641 shares of the company’s stock, valued at approximately $14,341,780.18. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

NASDAQ:EQIX opened at $756.60 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a fifty day moving average of $755.85 and a 200 day moving average of $800.18. Equinix, Inc. has a 52-week low of $677.80 and a 52-week high of $914.93. The firm has a market capitalization of $71.81 billion, a price-to-earnings ratio of 75.89, a P/E/G ratio of 2.63 and a beta of 0.68.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd were paid a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Tuesday, May 21st. Equinix’s dividend payout ratio (DPR) is currently 170.91%.

Analysts Set New Price Targets

A number of brokerages recently commented on EQIX. Oppenheimer lifted their price target on Equinix from $875.00 to $950.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Royal Bank of Canada decreased their target price on Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a research report on Tuesday, May 28th. Truist Financial raised 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. TD Cowen decreased their target price on Equinix from $862.00 to $859.00 and set a “buy” rating for the company in a research report on Friday, May 10th. 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, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $872.50.

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.