Verition Fund Management LLC Grows Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Verition Fund Management LLC increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 95.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,266 shares of the financial services provider’s stock after buying an additional 6,963 shares during the period. Verition Fund Management LLC’s holdings in Equinix were worth $12,663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Icon Wealth Advisors LLC increased its holdings in shares of Equinix by 63.3% during the third quarter. Icon Wealth Advisors LLC now owns 258 shares of the financial services provider’s stock valued at $229,000 after acquiring an additional 100 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Equinix by 5.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 68,651 shares of the financial services provider’s stock valued at $60,928,000 after purchasing an additional 3,416 shares during the last quarter. Waterfront Capital Partners LLC increased its stake in Equinix by 602.0% during the 3rd quarter. Waterfront Capital Partners LLC now owns 42,301 shares of the financial services provider’s stock valued at $37,548,000 after purchasing an additional 36,275 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Equinix by 8.1% in the third quarter. Hantz Financial Services Inc. now owns 3,677 shares of the financial services provider’s stock worth $3,264,000 after buying an additional 275 shares during the last quarter. Finally, Vinva Investment Management Ltd lifted its stake in shares of Equinix by 14.9% in the third quarter. Vinva Investment Management Ltd now owns 4,415 shares of the financial services provider’s stock worth $3,897,000 after buying an additional 574 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In related news, insider Meredith Williamson sold 576 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total value of $474,733.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Charles J. Meyers sold 6,234 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $823.97, for a total transaction of $5,136,628.98. Following the sale, the chairman now directly owns 7,680 shares in the company, valued at approximately $6,328,089.60. The trade was a 44.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,754 shares of company stock valued at $11,666,756 in the last 90 days. Insiders own 0.27% of the company’s stock.

Equinix Stock Up 0.2 %

Shares of EQIX opened at $981.48 on Friday. The business’s 50 day moving average is $902.59 and its 200 day moving average is $833.17. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03. The company has a market capitalization of $94.70 billion, a PE ratio of 88.50, a price-to-earnings-growth ratio of 2.52 and a beta of 0.71.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be paid a $4.26 dividend. This represents a $17.04 annualized dividend and a yield of 1.74%. The ex-dividend date is Wednesday, November 13th. Equinix’s payout ratio is currently 153.65%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EQIX. Mizuho raised their price target on shares of Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Evercore ISI lifted their price objective on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their target price on Equinix from $875.00 to $975.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, Scotiabank raised their price target on shares of Equinix from $954.00 to $985.00 and gave the company a “sector outperform” rating in a report on Thursday, October 31st. 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 stock. According to MarketBeat.com, Equinix has an average rating of “Moderate Buy” and an average price target of $962.56.

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.