Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 10.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,859 shares of the financial services provider’s stock after purchasing an additional 5,155 shares during the quarter. Cibc World Markets Corp owned 0.05% of Equinix worth $49,840,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in Equinix by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider’s stock valued at $1,681,256,000 after purchasing an additional 5,910 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of Equinix in the third quarter valued at $224,000. CIBC Asset Management Inc grew its position in Equinix by 8.1% in the 3rd quarter. CIBC Asset Management Inc now owns 13,987 shares of the financial services provider’s stock valued at $12,415,000 after acquiring an additional 1,053 shares in the last quarter. Empowered Funds LLC grew its position in Equinix by 8.9% in the 3rd quarter. Empowered Funds LLC now owns 2,100 shares of the financial services provider’s stock valued at $1,864,000 after acquiring an additional 171 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in Equinix by 4.0% in the 3rd quarter. Natixis Advisors LLC now owns 47,968 shares of the financial services provider’s stock valued at $42,578,000 after acquiring an additional 1,839 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Performance

NASDAQ EQIX opened at $837.68 on Monday. 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, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The company has a market capitalization of $81.53 billion, a PE ratio of 97.97, a P/E/G ratio of 1.78 and a beta of 0.74. The company has a fifty day moving average of $912.40 and a two-hundred day moving average of $908.72.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, beating the consensus estimate 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 expect that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Equinix from $810.00 to $822.00 and gave the company an “equal weight” rating in a report on Monday, November 18th. Oppenheimer boosted their price target on shares of Equinix from $950.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Wells Fargo & Company dropped their price target on shares of Equinix from $1,075.00 to $1,065.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Citizens Jmp raised Equinix to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Truist Financial lowered their target price on Equinix from $1,028.00 to $990.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $989.35.

Insider Transactions at Equinix

In other Equinix news, CFO Keith D. Taylor sold 3,184 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $909.82, for a total transaction of $2,896,866.88. Following the completion of the sale, the chief financial officer now directly owns 22,076 shares of the company’s stock, valued at approximately $20,085,186.32. This trade represents a 12.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total value of $114,026.25. Following the sale, the director now directly owns 17,669 shares of the company’s stock, valued at approximately $16,117,838.49. This represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,054 shares of company stock worth $17,466,950. Company insiders own 0.27% of the company’s stock.

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.