Vectors Research Management LLC Has $3.41 Million Position in Equinix, Inc. (NASDAQ:EQIX)

Vectors Research Management LLC decreased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,845 shares of the financial services provider’s stock after selling 62 shares during the period. Equinix makes up about 1.0% of Vectors Research Management LLC’s portfolio, making the stock its 28th biggest holding. Vectors Research Management LLC’s holdings in Equinix were worth $3,413,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. First Business Financial Services Inc. raised its stake in Equinix by 15.1% during the third quarter. First Business Financial Services Inc. now owns 2,713 shares of the financial services provider’s stock worth $2,408,000 after acquiring an additional 355 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Equinix by 8.1% in the 3rd quarter. CIBC Asset Management Inc now owns 13,987 shares of the financial services provider’s stock valued at $12,415,000 after acquiring an additional 1,053 shares during the last quarter. OneDigital Investment Advisors LLC bought a new position in shares of Equinix in the 3rd quarter valued at $224,000. ING Groep NV boosted its holdings in shares of Equinix by 358.2% during the 3rd quarter. ING Groep NV now owns 12,698 shares of the financial services provider’s stock valued at $11,271,000 after acquiring an additional 9,927 shares in the last quarter. Finally, Nicola Wealth Management LTD. grew its position in Equinix by 8.5% during the 3rd quarter. Nicola Wealth Management LTD. now owns 3,301 shares of the financial services provider’s stock worth $2,930,000 after acquiring an additional 260 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Equinix news, CAO Simon Miller sold 569 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total value of $467,097.79. Following the transaction, the chief accounting officer now owns 5,554 shares in the company, valued at approximately $4,559,334.14. This represents a 9.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Raouf Abdel sold 1,022 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $923.56, for a total value of $943,878.32. Following the sale, the executive vice president now owns 4,893 shares of the company’s stock, valued at approximately $4,518,979.08. This represents a 17.28 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,654 shares of company stock worth $11,577,656. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EQIX has been the topic of a number of recent research reports. Truist Financial lifted their price target on Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Evercore ISI lifted 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. BMO Capital Markets upped their price target on shares of Equinix from $975.00 to $1,020.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Wells Fargo & Company lifted their price target on shares of Equinix from $875.00 to $975.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, Mizuho increased their price objective on Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $944.63.

Equinix Price Performance

Shares of EQIX opened at $898.12 on Friday. The firm has a market cap of $86.66 billion, a PE ratio of 80.98, a price-to-earnings-growth ratio of 2.26 and a beta of 0.71. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $943.02. The business’s 50 day moving average price is $882.45 and its two-hundred day moving average price is $815.17. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.16 and a current ratio of 1.16.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be paid a dividend of $4.26 per share. This represents a $17.04 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, November 13th. Equinix’s dividend payout ratio is presently 153.65%.

Equinix 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.