Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its holdings in Equinix, Inc. (NASDAQ:EQIX) by 57.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,969 shares of the financial services provider’s stock after purchasing an additional 1,814 shares during the quarter. 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 large investors also recently bought and sold shares of EQIX. GHP Investment Advisors Inc. raised its holdings in shares of Equinix by 50.0% during the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares during the last quarter. Fortitude Family Office LLC raised its holdings in shares of Equinix by 50.0% during the third quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares during the last quarter. Dunhill Financial LLC raised its holdings in shares of Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 25 shares during the last quarter. Thompson Investment Management Inc. acquired a new position in shares of Equinix during the fourth quarter valued at approximately $47,000. Finally, Friedenthal Financial acquired a new position in shares of Equinix during the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity

In other news, CEO Adaire Fox-Martin sold 2,965 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 3,069 shares in the company, valued at approximately $2,951,211.78. This trade represents a 49.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 100 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the completion of the sale, the director now owns 17,794 shares in the company, valued at approximately $15,854,454. The trade was a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,801 shares of company stock worth $15,530,564. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Up 1.1 %

NASDAQ:EQIX opened at $933.60 on Friday. 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 stock’s fifty day moving average is $934.88 and its two-hundred day moving average is $896.05. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The stock has a market capitalization of $90.08 billion, a price-to-earnings ratio of 84.18, a price-to-earnings-growth ratio of 2.23 and a beta of 0.72.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $5.17. Equinix had a return on equity of 8.34% and a net margin of 12.29%. Research analysts anticipate that Equinix, Inc. will post 31.09 EPS for the current year.

Equinix Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be paid a $4.69 dividend. This is a boost from Equinix’s previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Wednesday, February 26th. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

Wall Street Analysts Forecast Growth

EQIX has been the subject of a number of research analyst reports. TD Cowen increased their target price on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a report on Thursday, October 31st. JMP Securities reissued a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a report on Thursday. Citizens Jmp upgraded Equinix to a “strong-buy” rating in a research report on Monday, January 27th. Moffett Nathanson upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Finally, Barclays upped their price target on Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Three investment 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 company. According to data from MarketBeat.com, Equinix currently has an average rating of “Buy” and a consensus target price of $994.82.

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.