AGF Management Ltd. Has $29.18 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

AGF Management Ltd. raised its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 43.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,950 shares of the financial services provider's stock after buying an additional 9,396 shares during the period. AGF Management Ltd.'s holdings in Equinix were worth $29,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Oppenheimer & Co. Inc. boosted its stake in Equinix by 61.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 8,427 shares of the financial services provider's stock valued at $7,946,000 after acquiring an additional 3,212 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Equinix by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 628,059 shares of the financial services provider's stock valued at $592,191,000 after acquiring an additional 2,560 shares during the last quarter. National Pension Service boosted its stake in Equinix by 1.3% in the fourth quarter. National Pension Service now owns 243,149 shares of the financial services provider's stock valued at $229,263,000 after acquiring an additional 3,164 shares during the last quarter. Brookfield Corp ON boosted its position in shares of Equinix by 67.3% during the third quarter. Brookfield Corp ON now owns 80,760 shares of the financial services provider's stock worth $71,685,000 after purchasing an additional 32,481 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Equinix by 19.2% during the fourth quarter. Empowered Funds LLC now owns 2,504 shares of the financial services provider's stock worth $2,361,000 after purchasing an additional 404 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Stock Performance

Shares of EQIX stock opened at $836.24 on Wednesday. The company has a market capitalization of $81.39 billion, a price-to-earnings ratio of 97.81, a PEG ratio of 1.78 and a beta of 0.74. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.63. The company has a 50-day simple moving average of $918.81 and a 200 day simple moving average of $908.19. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03.

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Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. On average, sell-side analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a dividend yield of 2.24%. Equinix's dividend payout ratio is 219.42%.

Insider Buying and Selling

In other news, insider Kurt Pletcher sold 341 shares of Equinix stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $903.72, for a total value of $308,168.52. Following the completion of the transaction, the insider now owns 1,430 shares in the company, valued at $1,292,319.60. This trade represents a 19.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Raouf Abdel sold 1,331 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $903.71, for a total transaction of $1,202,838.01. Following the completion of the transaction, the executive vice president now owns 6,579 shares of the company's stock, valued at $5,945,508.09. This trade represents a 16.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,054 shares of company stock valued at $17,466,950 over the last ninety days. 0.27% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EQIX. Wells Fargo & Company reduced their price target on shares of Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Barclays lifted their price target on shares of Equinix from $810.00 to $822.00 and gave the stock an "equal weight" rating in a research report on Monday, November 18th. Stifel Nicolaus lifted their price target on shares of Equinix from $995.00 to $1,080.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. BMO Capital Markets reduced their price target on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Finally, Citizens Jmp raised shares of Equinix to a "strong-buy" rating in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $989.35.

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.

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