Vinva Investment Management Ltd Has $3.90 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Vinva Investment Management Ltd lifted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 14.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,415 shares of the financial services provider’s stock after purchasing an additional 574 shares during the quarter. Vinva Investment Management Ltd’s holdings in Equinix were worth $3,897,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BDF Gestion acquired a new position in shares of Equinix in the 2nd quarter valued at approximately $2,659,000. Van ECK Associates Corp boosted its position in Equinix by 9.2% during the 3rd quarter. Van ECK Associates Corp now owns 20,309 shares of the financial services provider’s stock worth $18,099,000 after acquiring an additional 1,716 shares during the last quarter. E. Ohman J or Asset Management AB boosted its position in Equinix by 3.0% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 37,420 shares of the financial services provider’s stock worth $33,215,000 after acquiring an additional 1,103 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its position in Equinix by 25.9% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 369,437 shares of the financial services provider’s stock worth $279,516,000 after acquiring an additional 75,888 shares during the last quarter. Finally, Raymond James & Associates boosted its position in Equinix by 3.0% during the 2nd quarter. Raymond James & Associates now owns 172,904 shares of the financial services provider’s stock worth $130,819,000 after acquiring an additional 5,056 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on EQIX. Scotiabank upped their price target on Equinix from $954.00 to $985.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Mizuho upped their price objective on Equinix from $873.00 to $971.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. TD Cowen upped their price objective on Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Evercore ISI upped their price objective on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $952.88.

Equinix Stock Performance

EQIX opened at $979.10 on Friday. The firm has a market cap of $94.47 billion, a P/E ratio of 88.29, a price-to-earnings-growth ratio of 2.51 and a beta of 0.71. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16. The business’s fifty day moving average is $900.50 and its 200-day moving average is $831.45.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is currently 153.65%.

Insider Transactions at Equinix

In related news, insider Brandi Galvin Morandi sold 864 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total value of $734,400.00. Following the sale, the insider now directly owns 9,094 shares of the company’s stock, valued at $7,729,900. This trade represents a 8.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the sale, the director now directly owns 17,794 shares in the company, valued at $15,854,454. This trade represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,754 shares of company stock valued at $11,666,756. 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.