33,075 Shares in Equinix, Inc. (NASDAQ:EQIX) Bought by Vision Capital Corp

Vision Capital Corp purchased a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 33,075 shares of the financial services provider’s stock, valued at approximately $31,186,000. Equinix accounts for 5.0% of Vision Capital Corp’s portfolio, making the stock its 3rd largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in Equinix during the 4th quarter worth $31,000. J.Safra Asset Management Corp acquired a new stake in shares of Equinix in the fourth quarter valued at about $39,000. Sierra Ocean LLC purchased a new stake in shares of Equinix during the 4th quarter valued at about $42,000. Thompson Investment Management Inc. acquired a new position in Equinix during the 4th quarter worth approximately $47,000. Finally, Key Financial Inc lifted its position in Equinix by 30.4% during the 4th quarter. Key Financial Inc now owns 60 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 14 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on EQIX shares. Cfra Research upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 28th. Wolfe Research raised shares of Equinix from a “peer perform” rating to an “outperform” rating and set a $978.00 price target on the stock in a research note on Thursday, March 27th. JMP Securities reiterated a “market outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday, February 13th. Barclays raised their target price on Equinix from $822.00 to $834.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Finally, Truist Financial cut their price target on Equinix from $1,028.00 to $990.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $1,005.50.

Insider Transactions at Equinix

In other news, insider Brandi Galvin Morandi sold 684 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $940.51, for a total transaction of $643,308.84. Following the completion of the transaction, the insider now directly owns 8,377 shares in the company, valued at approximately $7,878,652.27. The trade was a 7.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total value of $114,026.25. Following the completion of the sale, the director now owns 17,669 shares in the company, valued at approximately $16,117,838.49. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,040 shares of company stock worth $6,547,068. Insiders own 0.27% of the company’s stock.

Equinix Trading Up 1.5 %

Equinix stock opened at $790.15 on Monday. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The firm’s 50-day moving average is $847.77 and its 200-day moving average is $897.68. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $77.29 billion, a P/E ratio of 92.42, a PEG ratio of 1.78 and a beta of 0.95.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were issued a dividend of $4.69 per share. This is an increase from Equinix’s previous quarterly dividend of $4.26. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $18.76 annualized dividend and a dividend yield of 2.37%. Equinix’s payout ratio is 219.42%.

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.