Vontobel Holding Ltd. Buys 1,814 Shares of Equinix, Inc. (NASDAQ:EQIX)

Vontobel Holding Ltd. grew its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 57.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,969 shares of the financial services provider's stock after buying an additional 1,814 shares during the period. Vontobel Holding Ltd.'s holdings in Equinix were worth $4,685,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EQIX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Equinix by 302.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider's stock valued at $960,820,000 after acquiring an additional 813,666 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of Equinix by 89,348.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider's stock valued at $354,111,000 after purchasing an additional 398,494 shares during the last quarter. Adelante Capital Management LLC boosted its position in shares of Equinix by 202.3% in the 3rd quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider's stock valued at $456,441,000 after purchasing an additional 344,114 shares during the period. JPMorgan Chase & Co. grew its stake in Equinix by 17.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,338,597 shares of the financial services provider's stock worth $1,188,180,000 after buying an additional 203,656 shares during the last quarter. Finally, abrdn plc increased its position in Equinix by 49.2% during the fourth quarter. abrdn plc now owns 464,840 shares of the financial services provider's stock worth $437,563,000 after buying an additional 153,215 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Performance

NASDAQ EQIX traded up $7.18 during trading hours on Wednesday, hitting $939.08. The company had a trading volume of 529,110 shares, compared to its average volume of 507,774. Equinix, Inc. has a fifty-two week low of $684.14 and a fifty-two week high of $994.03. The firm has a market cap of $91.40 billion, a P/E ratio of 109.83, a price-to-earnings-growth ratio of 2.24 and a beta of 0.72. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. The business has a fifty day simple moving average of $933.56 and a 200-day simple moving average of $899.43.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, beating analysts' consensus estimates of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. Equities analysts predict that Equinix, Inc. will post 33.71 EPS for the current year.

Equinix Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th will be given a $4.69 dividend. This is a positive change from Equinix's previous quarterly dividend of $4.26. The ex-dividend date is Wednesday, February 26th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.00%. Equinix's dividend payout ratio (DPR) is 199.30%.

Analysts Set New Price Targets

Several research firms have recently weighed in on EQIX. Wells Fargo & Company decreased their price objective on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Moffett Nathanson upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Scotiabank dropped their price objective on shares of Equinix from $1,114.00 to $1,033.00 and set a "sector outperform" rating on the stock in a research note on Thursday, February 13th. Oppenheimer upped their target price on shares of Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Evercore ISI boosted their price target on Equinix from $945.00 to $975.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Equinix has an average rating of "Buy" and a consensus price target of $994.82.

Insider Activity at Equinix

In other Equinix news, insider Kurt Pletcher sold 222 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $962.20, for a total value of $213,608.40. Following the completion of the sale, the insider now owns 1,015 shares of the company's stock, valued at $976,633. The trade was a 17.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adaire Fox-Martin sold 2,965 shares of the business's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total transaction of $2,851,203.30. Following the completion of the sale, the chief executive officer now owns 3,069 shares of the company's stock, valued at $2,951,211.78. The trade was a 49.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,701 shares of company stock worth $15,441,464. 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.