Versant Capital Management Inc Grows Position in Equinix, Inc. (NASDAQ:EQIX)

Versant Capital Management Inc boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 222.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71 shares of the financial services provider’s stock after purchasing an additional 49 shares during the period. Versant Capital Management Inc’s holdings in Equinix were worth $54,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. CNB Bank boosted its position in Equinix by 172.7% in the first quarter. CNB Bank now owns 30 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 19 shares during the last quarter. Valley National Advisers Inc. raised its stake in shares of Equinix by 260.0% in the fourth quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock worth $28,000 after buying an additional 26 shares during the period. LRI Investments LLC bought a new position in shares of Equinix in the first quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Equinix in the second quarter worth about $30,000. Finally, Criterion Capital Advisors LLC bought a new position in shares of Equinix in the fourth quarter worth about $32,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Equinix

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

Analyst Ratings Changes

Several research firms have recently commented on EQIX. Wells Fargo & Company raised Equinix from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $825.00 to $875.00 in a research note on Tuesday, July 23rd. TD Cowen decreased their target price on Equinix from $862.00 to $859.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Mizuho initiated coverage on Equinix in a research note on Thursday, July 11th. They set an “outperform” rating and a $873.00 target price on the stock. Barclays lifted their target price on Equinix from $669.00 to $671.00 and gave the company an “equal weight” rating in a research note on Thursday, May 30th. Finally, The Goldman Sachs Group initiated coverage on Equinix in a research note on Monday, July 1st. They set a “buy” rating and a $870.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and a consensus target price of $871.29.

Equinix Trading Up 2.1 %

Shares of Equinix stock traded up $16.37 on Tuesday, reaching $784.61. The company had a trading volume of 410,354 shares, compared to its average volume of 567,540. The firm has a market cap of $74.46 billion, a price-to-earnings ratio of 78.71, a P/E/G ratio of 2.80 and a beta of 0.68. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. The firm’s 50-day moving average price is $771.54 and its two-hundred day moving average price is $796.16. Equinix, Inc. has a 1 year low of $677.80 and a 1 year high of $914.93.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 22nd were issued a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Tuesday, May 21st. Equinix’s dividend payout ratio (DPR) is 170.91%.

About Equinix

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.