Vinva Investment Management Ltd Boosts Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Vinva Investment Management Ltd raised its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,767 shares of the financial services provider's stock after purchasing an additional 352 shares during the quarter. Vinva Investment Management Ltd's holdings in Equinix were worth $4,462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of Equinix by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider's stock valued at $1,681,256,000 after purchasing an additional 5,910 shares during the period. OneDigital Investment Advisors LLC acquired a new position in shares of Equinix in the third quarter worth about $224,000. Empowered Funds LLC boosted its stake in shares of Equinix by 8.9% during the 3rd quarter. Empowered Funds LLC now owns 2,100 shares of the financial services provider's stock worth $1,864,000 after acquiring an additional 171 shares in the last quarter. Claro Advisors LLC acquired a new stake in shares of Equinix during the 3rd quarter valued at about $251,000. Finally, Caprock Group LLC increased its stake in shares of Equinix by 15.0% in the 3rd quarter. Caprock Group LLC now owns 2,036 shares of the financial services provider's stock valued at $1,808,000 after purchasing an additional 265 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Trading Up 2.1 %

Shares of EQIX stock traded up $17.85 on Monday, hitting $852.44. The stock had a trading volume of 745,799 shares, compared to its average volume of 520,711. The company's 50 day moving average price is $903.56 and its 200-day moving average price is $909.38. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market capitalization of $82.97 billion, a P/E ratio of 99.70, a P/E/G ratio of 1.78 and a beta of 0.74.

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Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating the consensus estimate of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. Analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were issued a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a yield of 2.20%. This is a boost from Equinix's previous quarterly dividend of $4.26. Equinix's dividend payout ratio (DPR) is presently 219.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citizens Jmp upgraded Equinix to a "strong-buy" rating in a research report on Monday, January 27th. Barclays lifted their price target on shares of Equinix from $822.00 to $834.00 and gave the company an "equal weight" rating in a research note on Thursday. Scotiabank upped their price objective on shares of Equinix from $1,033.00 to $1,040.00 and gave the stock a "sector outperform" rating in a research report on Monday, March 3rd. BMO Capital Markets dropped their target price on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Finally, Truist Financial cut their target price on shares of Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $990.06.

Insider Activity

In other news, CEO Adaire Fox-Martin sold 1,370 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $909.51, for a total transaction of $1,246,028.70. Following the transaction, the chief executive officer now directly owns 4,329 shares in the company, valued at approximately $3,937,268.79. This trade represents a 24.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Raouf Abdel sold 1,331 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the completion of the sale, the executive vice president now owns 6,579 shares of the company's stock, valued at approximately $5,945,508.09. This trade represents a 16.83 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,054 shares of company stock worth $17,466,950. Corporate insiders own 0.27% of the company's stock.

Equinix 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.