Vontobel Holding Ltd. Has $103.35 Million Holdings in Equinix, Inc. (NASDAQ:EQIX)

Vontobel Holding Ltd. increased its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,321 shares of the financial services provider’s stock after acquiring an additional 7,500 shares during the period. Vontobel Holding Ltd.’s holdings in Equinix were worth $103,348,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Braun Stacey Associates Inc. lifted its holdings in shares of Equinix by 12.5% in the fourth quarter. Braun Stacey Associates Inc. now owns 32,205 shares of the financial services provider’s stock valued at $25,938,000 after purchasing an additional 3,591 shares in the last quarter. Nordea Investment Management AB grew its position in Equinix by 9.8% in the fourth quarter. Nordea Investment Management AB now owns 135,495 shares of the financial services provider’s stock valued at $109,459,000 after purchasing an additional 12,129 shares in the last quarter. Prime Capital Investment Advisors LLC increased its stake in 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 valued at $1,130,000 after buying an additional 787 shares during the last quarter. TIAA Trust National Association lifted its position in Equinix by 126.8% during the 4th quarter. TIAA Trust National Association now owns 4,243 shares of the financial services provider’s stock worth $3,417,000 after buying an additional 2,372 shares in the last quarter. Finally, DNB Asset Management AS boosted its stake in shares of Equinix by 20.3% during the 4th quarter. DNB Asset Management AS now owns 24,459 shares of the financial services provider’s stock worth $19,699,000 after buying an additional 4,132 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Equinix Stock Performance

Shares of Equinix stock traded down $9.77 during trading on Friday, reaching $764.05. The company’s stock had a trading volume of 498,341 shares, compared to its average volume of 811,680. Equinix, Inc. has a 52 week low of $672.88 and a 52 week high of $914.93. The firm has a market cap of $72.30 billion, a PE ratio of 74.11, a P/E/G ratio of 1.82 and a beta of 0.58. The business’s 50-day moving average price is $844.04 and its 200-day moving average price is $801.29. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.19.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, February 28th were paid a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Tuesday, February 27th. Equinix’s dividend payout ratio (DPR) is presently 165.28%.

Insider Buying and Selling

In other Equinix news, CEO Charles J. Meyers sold 7,174 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $800.18, for a total value of $5,740,491.32. Following the transaction, the chief executive officer now directly owns 16,360 shares of the company’s stock, valued at approximately $13,090,944.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Equinix news, CEO Charles J. Meyers sold 7,174 shares of Equinix stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $800.18, for a total value of $5,740,491.32. Following the transaction, the chief executive officer now owns 16,360 shares in the company, valued at $13,090,944.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Charles J. Meyers sold 2,110 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $832.69, for a total transaction of $1,756,975.90. Following the completion of the transaction, the chief executive officer now directly owns 10,115 shares of the company’s stock, valued at approximately $8,422,659.35. The disclosure for this sale can be found here. Insiders sold 18,282 shares of company stock valued at $14,788,771 over the last quarter. 0.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EQIX shares. Stifel Nicolaus reiterated a “buy” rating and set a $960.00 target price on shares of Equinix in a report on Wednesday, March 13th. HSBC cut shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price for the company. in a research note on Wednesday, March 20th. Royal Bank of Canada upped their price target on shares of Equinix from $855.00 to $950.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. BMO Capital Markets boosted their price objective on shares of Equinix from $910.00 to $925.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Finally, Truist Financial raised their target price on shares of Equinix from $915.00 to $950.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $868.72.

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.