BROOKFIELD Corp ON Has $67.19 Million Stock Position in Equinix, Inc. (NASDAQ:EQIX)

BROOKFIELD Corp ON lowered its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,255 shares of the financial services provider's stock after selling 9,505 shares during the quarter. BROOKFIELD Corp ON owned 0.07% of Equinix worth $67,186,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC purchased a new position in Equinix during the 4th quarter valued at about $31,000. J.Safra Asset Management Corp purchased a new position in Equinix during the fourth quarter valued at approximately $39,000. Sierra Ocean LLC acquired a new position in Equinix in the 4th quarter valued at approximately $42,000. Thompson Investment Management Inc. purchased a new stake in Equinix in the 4th quarter worth approximately $47,000. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Equinix during the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

EQIX has been the subject of a number of recent research reports. TD Securities raised their price target on Equinix from $978.00 to $1,018.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Wells Fargo & Company reduced their target price 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. Oppenheimer raised their price target on shares of Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Barclays upped their price objective on shares of Equinix from $822.00 to $834.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Finally, Moffett Nathanson upgraded Equinix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $1,005.11.

Equinix Stock Performance

EQIX opened at $883.21 on Tuesday. The stock's 50 day simple moving average is $828.28 and its 200-day simple moving average is $894.61. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. The stock has a market cap of $86.39 billion, a PE ratio of 103.30, a P/E/G ratio of 1.78 and a beta of 0.95. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.01 by $0.66. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the firm posted $8.86 EPS. The business's revenue for the quarter was up 4.1% on a year-over-year basis. Sell-side analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be paid 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 is Wednesday, May 21st. Equinix's dividend payout ratio is 195.01%.

Insider Buying and Selling at Equinix

In other Equinix news, Chairman Charles J. Meyers sold 3,562 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $929.04, for a total value of $3,309,240.48. Following the sale, the chairman now directly owns 15,513 shares in the company, valued at $14,412,197.52. This represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kurt Pletcher sold 215 shares of Equinix stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $929.73, for a total value of $199,891.95. Following the transaction, the insider now directly owns 1,245 shares of the company's stock, valued at approximately $1,157,513.85. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,040 shares of company stock valued at $6,547,068. 0.27% of the stock is currently owned by corporate insiders.

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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