Vanderbilt University Has $6.07 Million Stake in Equinix, Inc. (NASDAQ:EQIX)

Vanderbilt University trimmed its position in Equinix, Inc. (NASDAQ:EQIX) by 5.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,439 shares of the financial services provider’s stock after selling 453 shares during the period. Equinix makes up approximately 1.2% of Vanderbilt University’s investment portfolio, making the stock its 14th largest holding. Vanderbilt University’s holdings in Equinix were worth $6,065,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EQIX. Pinney & Scofield Inc. bought a new stake in shares of Equinix in the fourth quarter valued at about $28,000. Kestra Investment Management LLC bought a new stake in shares of Equinix in the fourth quarter valued at about $31,000. Whipplewood Advisors LLC lifted its holdings in shares of Equinix by 127.8% in the first quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 23 shares in the last quarter. Pacific Center for Financial Services raised its holdings in Equinix by 65.2% during the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 15 shares in the last quarter. Finally, J.Safra Asset Management Corp bought a new stake in Equinix during the fourth quarter worth about $39,000. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EQIX shares. Stifel Nicolaus upped their target price on Equinix from $1,030.00 to $1,050.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. JMP Securities reiterated a “market outperform” rating and set a $1,200.00 target price on shares of Equinix in a report on Friday, May 23rd. Cowen reiterated a “buy” rating on shares of Equinix in a report on Thursday, May 1st. New Street Research upgraded Equinix to a “strong-buy” rating in a report on Monday, April 28th. Finally, Bank of America started coverage on Equinix in a report on Monday, May 19th. They set a “buy” rating and a $1,000.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and six have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $1,004.80.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 100 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $869.41, for a total transaction of $86,941.00. Following the sale, the director now owns 17,569 shares of the company’s stock, valued at $15,274,664.29. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Adaire Fox-Martin sold 2,949 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total value of $2,609,599.59. Following the sale, the chief executive officer now directly owns 9,615 shares in the company, valued at $8,508,409.65. This represents a 23.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,176 shares of company stock valued at $2,808,008 over the last 90 days. 0.27% of the stock is owned by corporate insiders.

Equinix Price Performance

Equinix stock opened at $886.85 on Friday. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The stock’s 50 day moving average is $860.72 and its 200-day moving average is $886.60. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $86.75 billion, a price-to-earnings ratio of 92.19, a PEG ratio of 1.15 and a beta of 0.97.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, beating the consensus estimate of $9.01 by $0.66. Equinix had a return on equity of 6.96% and a net margin of 10.48%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the business earned $8.86 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st were given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Wednesday, May 21st. Equinix’s dividend payout ratio is currently 195.01%.

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.