Vectors Research Management LLC Buys 450 Shares of Equinix, Inc. (NASDAQ:EQIX)

Vectors Research Management LLC lifted its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 13.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,851 shares of the financial services provider's stock after acquiring an additional 450 shares during the period. Equinix accounts for approximately 1.1% of Vectors Research Management LLC's holdings, making the stock its 28th biggest position. Vectors Research Management LLC's holdings in Equinix were worth $3,140,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Pinney & Scofield Inc. acquired a new stake in shares of Equinix during the fourth quarter valued at approximately $28,000. Whipplewood Advisors LLC increased its stake in shares of Equinix by 127.8% in the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock worth $33,000 after acquiring an additional 23 shares during the last quarter. Pacific Center for Financial Services raised its stake in shares of Equinix by 65.2% during the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock worth $36,000 after purchasing an additional 15 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in Equinix in the fourth quarter worth approximately $39,000. Finally, Park Square Financial Group LLC bought a new position in shares of Equinix during the 4th quarter valued at $49,000. Institutional investors own 94.94% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EQIX shares. Barclays boosted their price objective on shares of Equinix from $834.00 to $837.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 27th. Wolfe Research lowered Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. JMP Securities reissued a "market outperform" rating and issued a $1,200.00 price objective on shares of Equinix in a research report on Friday, May 23rd. Truist Financial dropped their target price on shares of Equinix from $990.00 to $986.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, Bank of America initiated coverage on shares of Equinix in a report on Monday, May 19th. They issued a "buy" rating and a $1,000.00 price target for the company. Three analysts have rated the stock with a hold rating, nineteen have given a buy rating and six have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $1,004.80.

Insider Activity at Equinix

In other news, CEO Adaire Fox-Martin sold 2,949 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $884.91, for a total transaction of $2,609,599.59. Following the completion of the sale, the chief executive officer now directly owns 9,615 shares in the company, valued at $8,508,409.65. This represents a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher B. Paisley sold 100 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $869.41, for a total transaction of $86,941.00. Following the sale, the director now directly owns 17,569 shares of the company's stock, valued at approximately $15,274,664.29. This trade represents a 0.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,176 shares of company stock valued at $2,808,008 in the last 90 days. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Performance

Equinix stock traded up $16.52 during midday trading on Tuesday, reaching $906.50. 436,430 shares of the company's stock were exchanged, compared to its average volume of 529,402. The stock's 50-day simple moving average is $864.96 and its 200 day simple moving average is $884.21. The firm has a market cap of $88.67 billion, a price-to-earnings ratio of 94.23, a P/E/G ratio of 1.15 and a beta of 0.97. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.65 and a current ratio of 1.65. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.01 by $0.66. The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.23 billion. Equinix had a return on equity of 6.96% and a net margin of 10.48%. The business's revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.86 earnings per share. On average, analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st were issued a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $18.76 annualized dividend and a dividend yield of 2.07%. Equinix's dividend payout ratio (DPR) is presently 195.01%.

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.