Equinix, Inc. (NASDAQ:EQIX) Stake Increased by Cibc World Markets Corp

Cibc World Markets Corp increased its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,859 shares of the financial services provider's stock after purchasing an additional 5,155 shares during the period. Cibc World Markets Corp owned 0.05% of Equinix worth $49,840,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in Equinix during the fourth quarter valued at about $31,000. J.Safra Asset Management Corp purchased a new stake in Equinix during the fourth quarter valued at about $39,000. Sierra Ocean LLC purchased a new stake in Equinix during the fourth quarter valued at about $42,000. Dunhill Financial LLC grew its position in Equinix by 108.7% during the third quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 25 shares during the period. Finally, Thompson Investment Management Inc. purchased a new stake in Equinix during the fourth quarter valued at about $47,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Buying and Selling at Equinix

In other news, insider Kurt Pletcher sold 341 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $903.72, for a total transaction of $308,168.52. Following the completion of the sale, the insider now owns 1,430 shares in the company, valued at approximately $1,292,319.60. This represents a 19.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brandi Galvin Morandi sold 684 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total value of $643,308.84. Following the sale, the insider now owns 8,377 shares of the company's stock, valued at $7,878,652.27. This trade represents a 7.55 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,054 shares of company stock valued at $17,466,950. 0.27% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Moffett Nathanson raised Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Royal Bank of Canada upped their target price on Equinix from $936.00 to $1,025.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. BMO Capital Markets decreased their target price on Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. JMP Securities reaffirmed a "market outperform" rating and issued a $1,200.00 target price on shares of Equinix in a research report on Thursday, February 13th. Finally, Wells Fargo & Company decreased their target price on Equinix from $1,075.00 to $1,065.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $990.06.

Equinix Stock Performance

EQIX stock traded down $3.61 on Thursday, reaching $851.72. The company's stock had a trading volume of 532,758 shares, compared to its average volume of 529,094. Equinix, Inc. has a 52 week low of $684.14 and a 52 week high of $994.03. The company has a market capitalization of $82.90 billion, a P/E ratio of 99.62, a price-to-earnings-growth ratio of 1.78 and a beta of 0.74. The firm has a fifty day moving average of $906.85 and a two-hundred day moving average of $908.67. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.63 and a quick ratio of 1.63.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results 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 return on equity of 6.31% and a net margin of 9.32%. As a group, analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a dividend of $4.69 per share. This is a positive change from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Wednesday, February 26th. Equinix's dividend payout ratio (DPR) is presently 219.42%.

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.