Vectors Research Management LLC Sells 444 Shares of Equinix, Inc. (NASDAQ:EQIX)

Vectors Research Management LLC decreased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,401 shares of the financial services provider’s stock after selling 444 shares during the period. Equinix comprises about 1.1% of Vectors Research Management LLC’s holdings, making the stock its 29th largest position. Vectors Research Management LLC’s holdings in Equinix were worth $3,207,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of EQIX. Kestra Investment Management LLC purchased a new stake in shares of Equinix during the fourth quarter valued at approximately $31,000. J.Safra Asset Management Corp bought a new stake in shares of Equinix during the 4th quarter worth $39,000. Sierra Ocean LLC purchased a new stake in shares of Equinix during the 4th quarter worth approximately $42,000. Thompson Investment Management Inc. bought a new stake in shares of Equinix in the fourth quarter valued at $47,000. Finally, Key Financial Inc lifted its holdings in Equinix by 30.4% during the fourth quarter. Key Financial Inc now owns 60 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 14 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Equinix Trading Up 1.5 %

Shares of EQIX opened at $790.15 on Monday. 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 $77.29 billion, a price-to-earnings ratio of 92.42, a PEG ratio of 1.78 and a beta of 0.95. The firm has a 50 day moving average price of $847.77 and a 200-day moving average price of $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.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, topping 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%. As a group, equities research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EQIX shares. Citigroup lowered their target price on shares of Equinix from $1,020.00 to $970.00 and set a “buy” rating on the stock in a report on Thursday. BMO Capital Markets cut their price objective on shares of Equinix from $1,085.00 to $1,065.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Moffett Nathanson raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Oppenheimer boosted their price target on shares of Equinix from $950.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Truist Financial lowered their price objective on Equinix from $1,028.00 to $990.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $1,005.50.

Insiders Place Their Bets

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

About Equinix

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.