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

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

Several other institutional investors have also recently added to or reduced their stakes in EQIX. Kestra Investment Management LLC acquired a new position in Equinix during the 4th quarter worth about $31,000. J.Safra Asset Management Corp acquired a new position in Equinix during the 4th quarter worth $39,000. Sierra Ocean LLC bought a new position in Equinix in the 4th quarter valued at $42,000. Thompson Investment Management Inc. acquired a new stake in shares of Equinix in the 4th quarter valued at $47,000. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Equinix in the 4th quarter valued at $52,000. 94.94% of the stock is owned by institutional investors.

Insider Transactions at Equinix

In related news, insider Kurt Pletcher sold 215 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $929.73, for a total value of $199,891.95. Following the sale, the insider now owns 1,245 shares in the company, valued at approximately $1,157,513.85. This represents a 14.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total transaction of $114,026.25. Following the transaction, the director now directly owns 17,669 shares of the company's stock, valued at approximately $16,117,838.49. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,167 shares of company stock worth $6,658,536 in the last 90 days. Corporate insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

EQIX has been the topic of several recent research reports. BMO Capital Markets reduced their target price on shares of Equinix from $1,085.00 to $1,065.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Truist Financial lowered their target price on shares of Equinix from $1,028.00 to $990.00 and set a "buy" rating for the company in a report on Monday, March 10th. Scotiabank cut their price target on Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 22nd. Oppenheimer upped their price objective on Equinix from $950.00 to $975.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Citizens Jmp upgraded Equinix to a "strong-buy" rating in a report on Monday, January 27th. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and six have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $1,005.11.

Equinix Stock Up 0.4 %

Shares of NASDAQ EQIX traded up $3.40 during midday trading on Friday, reaching $864.39. The company's stock had a trading volume of 225,988 shares, compared to its average volume of 528,530. Equinix, Inc. has a fifty-two week low of $701.41 and a fifty-two week high of $994.03. The stock has a 50 day simple moving average of $825.01 and a 200-day simple moving average of $894.11. The stock has a market capitalization of $84.55 billion, a price-to-earnings ratio of 101.10, a PEG ratio of 1.78 and a beta of 0.97. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19.

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

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be given a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Wednesday, May 21st. Equinix's dividend payout ratio (DPR) is 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.