Vestmark Advisory Solutions Inc. Has $1.63 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

Vestmark Advisory Solutions Inc. lowered its holdings in Equinix, Inc. (NASDAQ:EQIX) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,018 shares of the financial services provider’s stock after selling 112 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Equinix were worth $1,625,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aew Capital Management L P raised its stake in shares of Equinix by 0.8% in the fourth quarter. Aew Capital Management L P now owns 310,764 shares of the financial services provider’s stock worth $250,286,000 after purchasing an additional 2,503 shares during the last quarter. Braun Stacey Associates Inc. boosted its holdings in Equinix by 12.5% during the 4th quarter. Braun Stacey Associates Inc. now owns 32,205 shares of the financial services provider’s stock worth $25,938,000 after acquiring an additional 3,591 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Equinix by 9.8% in the 4th quarter. Nordea Investment Management AB now owns 135,495 shares of the financial services provider’s stock worth $109,459,000 after acquiring an additional 12,129 shares in the last quarter. Prime Capital Investment Advisors LLC grew its stake in shares of Equinix by 127.8% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 1,403 shares of the financial services provider’s stock worth $1,130,000 after acquiring an additional 787 shares in the last quarter. Finally, TIAA Trust National Association lifted its position in shares of Equinix by 126.8% during the fourth quarter. TIAA Trust National Association now owns 4,243 shares of the financial services provider’s stock valued at $3,417,000 after purchasing an additional 2,372 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EQIX shares. HSBC downgraded shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective for the company. in a research report on Wednesday, March 20th. Oppenheimer upped their target price on Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Royal Bank of Canada lifted their price target on Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Wells Fargo & Company upped their price objective on Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Finally, Barclays decreased their target price on Equinix from $818.00 to $669.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $868.06.

Insider Activity

In other Equinix news, CFO Keith D. Taylor sold 1,164 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total value of $969,588.72. Following the transaction, the chief financial officer now owns 23,187 shares of the company’s stock, valued at approximately $19,314,307.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Keith D. Taylor sold 1,164 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total transaction of $969,588.72. Following the transaction, the chief financial officer now owns 23,187 shares in the company, valued at $19,314,307.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Scott Crenshaw sold 460 shares of Equinix stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $832.97, for a total value of $383,166.20. Following the completion of the sale, the executive vice president now owns 1,242 shares of the company’s stock, valued at $1,034,548.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,585 shares of company stock valued at $3,818,268. 0.27% of the stock is currently owned by insiders.

Equinix Price Performance

Shares of Equinix stock traded up $1.48 during trading hours on Friday, reaching $700.18. The company’s stock had a trading volume of 762,548 shares, compared to its average volume of 698,429. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.13 and a quick ratio of 1.13. Equinix, Inc. has a one year low of $672.88 and a one year high of $914.93. The firm has a 50 day moving average price of $807.36 and a 200-day moving average price of $801.23. The stock has a market cap of $66.25 billion, a P/E ratio of 67.91, a P/E/G ratio of 1.81 and a beta of 0.62.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, February 28th were given a dividend of $4.26 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $17.04 annualized dividend and a dividend yield of 2.43%. Equinix’s dividend payout ratio (DPR) is presently 165.28%.

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.