Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 128,321 shares of the financial services provider's stock after acquiring an additional 7,500 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.14% of Equinix worth $103,348,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EQIX. Valley National Advisers Inc. grew its position in shares of Equinix by 260.0% in the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 26 shares during the period. Providence Capital Advisors LLC acquired a new position in Equinix during the third quarter worth approximately $29,000. Operose Advisors LLC acquired a new stake in shares of Equinix in the third quarter valued at approximately $36,000. Asset Dedication LLC boosted its stake in shares of Equinix by 92.6% during the 3rd quarter. Asset Dedication LLC now owns 52 shares of the financial services provider's stock worth $37,000 after acquiring an additional 25 shares during the period. Finally, Quarry LP increased its holdings in shares of Equinix by 237.5% during the 1st quarter. Quarry LP now owns 54 shares of the financial services provider's stock worth $39,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Equinix Price Performance

Shares of EQIX traded down $9.77 during trading hours on Friday, reaching $764.05. 498,341 shares of the company's stock traded hands, compared to its average volume of 811,680. The stock has a market cap of $72.30 billion, a PE ratio of 74.11, a price-to-earnings-growth ratio of 1.82 and a beta of 0.58. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19. The firm's 50 day simple moving average is $844.04 and its 200-day simple moving average is $801.95. Equinix, Inc. has a 12 month low of $672.88 and a 12 month high of $914.93.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were given a dividend of $4.26 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.23%. Equinix's dividend payout ratio (DPR) is presently 165.28%.

Analyst Upgrades and Downgrades

EQIX has been the subject of several research reports. Morgan Stanley cut their price target on Equinix from $767.00 to $762.00 and set an "equal weight" rating for the company in a report on Thursday, March 28th. Barclays decreased their price target on shares of Equinix from $788.00 to $781.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 15th. Wells Fargo & Company raised their price objective on shares of Equinix from $800.00 to $825.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 15th. Oppenheimer increased their target price on Equinix from $875.00 to $950.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 20th. Finally, Truist Financial upped their price objective on Equinix from $915.00 to $950.00 and gave the company a "buy" rating in a report on Monday, March 18th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $868.72.

Insider Activity

In other news, insider Brandi Galvin Morandi sold 729 shares of Equinix stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total transaction of $607,140.36. Following the completion of the sale, the insider now owns 14,002 shares in the company, valued at approximately $11,661,425.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Brandi Galvin Morandi sold 729 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.84, for a total value of $607,140.36. Following the completion of the sale, the insider now owns 14,002 shares in the company, valued at approximately $11,661,425.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott Crenshaw sold 460 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.97, for a total value of $383,166.20. Following the completion of the sale, the executive vice president now owns 1,242 shares of the company's stock, valued at approximately $1,034,548.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,282 shares of company stock worth $14,788,771. 0.32% of the stock is currently owned by 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.