Vicus Capital Purchases Shares of 254 Equinix, Inc. (NASDAQ:EQIX)

Vicus Capital purchased a new position in Equinix, Inc. (NASDAQ:EQIX) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 254 shares of the financial services provider’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its position in shares of Equinix by 0.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 182,683 shares of the financial services provider’s stock valued at $147,131,000 after buying an additional 1,159 shares during the period. Aew Capital Management L P boosted its position in shares of Equinix by 0.8% during the fourth quarter. Aew Capital Management L P now owns 310,764 shares of the financial services provider’s stock valued at $250,286,000 after buying an additional 2,503 shares during the period. Pinebridge Investments L.P. purchased a new position in shares of Equinix during the fourth quarter valued at approximately $3,724,000. Braun Stacey Associates Inc. boosted its position in shares of Equinix by 12.5% during 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 buying an additional 3,591 shares during the period. Finally, Global Assets Advisory LLC purchased a new position in shares of Equinix during the first quarter valued at approximately $15,187,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

Shares of EQIX stock opened at $756.60 on Friday. The business’s fifty day simple moving average is $755.85 and its 200-day simple moving average is $800.18. The company has a market cap of $71.81 billion, a PE ratio of 75.89, a PEG ratio of 2.63 and a beta of 0.68. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 12-month low of $677.80 and a 12-month high of $914.93.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd were given a dividend of $4.26 per share. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Tuesday, May 21st. Equinix’s payout ratio is presently 170.91%.

Insider Transactions at Equinix

In other news, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the transaction, the insider now directly owns 12,758 shares of the company’s stock, valued at $10,212,779. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $812.98, for a total value of $81,298.00. Following the transaction, the director now directly owns 17,641 shares of the company’s stock, valued at approximately $14,341,780.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brandi Galvin Morandi sold 2,070 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $800.50, for a total value of $1,657,035.00. Following the completion of the transaction, the insider now directly owns 12,758 shares in the company, valued at $10,212,779. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

EQIX has been the subject of several recent analyst reports. Royal Bank of Canada dropped their target price on Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a research report on Tuesday, May 28th. TD Cowen lowered their price target on Equinix from $862.00 to $859.00 and set a “buy” rating for the company in a report on Friday, May 10th. Barclays boosted their price target on Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Morgan Stanley lowered their price target on Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a report on Thursday, March 28th. Finally, Oppenheimer boosted their price target on Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $872.50.

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.