Vert Asset Management LLC Increases Stock Position in Equinix, Inc. (NASDAQ:EQIX)

Vert Asset Management LLC grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,709 shares of the financial services provider's stock after buying an additional 390 shares during the period. Equinix accounts for 7.7% of Vert Asset Management LLC's investment portfolio, making the stock its 3rd biggest position. Vert Asset Management LLC's holdings in Equinix were worth $22,355,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in EQIX. AQR Capital Management LLC boosted its position in shares of Equinix by 2.4% in the second quarter. AQR Capital Management LLC now owns 27,497 shares of the financial services provider's stock worth $20,793,000 after acquiring an additional 647 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Equinix by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 66,486 shares of the financial services provider's stock valued at $50,303,000 after buying an additional 432 shares during the period. Quarry LP lifted its position in Equinix by 124.6% during the second quarter. Quarry LP now owns 128 shares of the financial services provider's stock valued at $97,000 after buying an additional 71 shares in the last quarter. Ecofi Investissements SA purchased a new stake in Equinix during the second quarter worth approximately $74,000. Finally, Truist Financial Corp increased its position in shares of Equinix by 7.2% in the second quarter. Truist Financial Corp now owns 44,837 shares of the financial services provider's stock worth $33,924,000 after acquiring an additional 3,008 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Up 0.6 %

Shares of NASDAQ:EQIX traded up $5.18 during trading on Tuesday, reaching $905.28. 411,310 shares of the company traded hands, compared to its average volume of 532,158. Equinix, Inc. has a 1-year low of $684.14 and a 1-year high of $994.03. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The firm has a market cap of $87.35 billion, a P/E ratio of 81.34, a price-to-earnings-growth ratio of 2.20 and a beta of 0.73. The firm has a fifty day simple moving average of $944.33 and a 200 day simple moving average of $884.33.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th were given a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Wednesday, November 13th. Equinix's payout ratio is currently 153.65%.

Analyst Ratings Changes

EQIX has been the subject of a number of recent analyst reports. Hsbc Global Res raised shares of Equinix from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 4th. Evercore ISI boosted their target price on shares of Equinix from $945.00 to $975.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. TD Cowen increased their price target on shares of Equinix from $865.00 to $984.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Scotiabank lifted their price objective on shares of Equinix from $985.00 to $1,114.00 and gave the stock a "sector outperform" rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Equinix from $950.00 to $975.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $997.53.

Insider Activity

In other Equinix news, CEO Adaire Fox-Martin sold 2,965 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $961.62, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brandi Galvin Morandi sold 1,726 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $904.99, for a total value of $1,562,012.74. Following the transaction, the insider now directly owns 6,505 shares in the company, valued at approximately $5,886,959.95. This represents a 20.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,549 shares of company stock worth $18,036,455 in the last three months. 0.27% of the stock is 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.