Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 33.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,700 shares of the financial services provider's stock after acquiring an additional 5,700 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Equinix were worth $21,404,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Rothschild Investment LLC lifted its holdings in shares of Equinix by 1.9% in the fourth quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider's stock valued at $543,000 after purchasing an additional 11 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in shares of Equinix by 3.2% in the 4th quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider's stock valued at $340,000 after purchasing an additional 11 shares in the last quarter. Ritholtz Wealth Management raised its holdings in Equinix by 1.8% during the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider's stock valued at $633,000 after buying an additional 12 shares during the last quarter. Great Lakes Retirement Inc. boosted its stake in shares of Equinix by 1.2% during the 4th quarter. Great Lakes Retirement Inc. now owns 975 shares of the financial services provider's stock valued at $920,000 after purchasing an additional 12 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its stake in Equinix by 1.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 756 shares of the financial services provider's stock worth $713,000 after acquiring an additional 12 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citizens Jmp raised Equinix to a "strong-buy" rating in a research note on Monday, January 27th. Cowen reiterated a "buy" rating on shares of Equinix in a research report on Thursday, May 1st. Citigroup lifted their price target on shares of Equinix from $970.00 to $990.00 and gave the company a "buy" rating in a research report on Monday. Cfra Research raised Equinix from a "hold" rating to a "strong-buy" rating in a report on Friday, March 28th. Finally, Wolfe Research upgraded shares of Equinix from a "peer perform" rating to an "outperform" rating and set a $978.00 target price on the stock in a research report on Thursday, March 27th. Two research 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 company. According to MarketBeat, Equinix has an average rating of "Buy" and a consensus price target of $1,005.11.

Equinix Price Performance

NASDAQ:EQIX traded up $0.23 during mid-day trading on Thursday, hitting $872.71. 126,186 shares of the company's stock traded hands, compared to its average volume of 538,774. The company has a market cap of $85.37 billion, a PE ratio of 101.95, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. 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 firm's 50 day simple moving average is $826.93 and its 200 day simple moving average is $894.32. 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 earnings results on Wednesday, April 30th. The financial services provider reported $9.67 earnings per share for the quarter, beating the consensus estimate of $9.01 by $0.66. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.23 billion. Equinix had a return on equity of 6.31% and a net margin of 9.32%. The company's revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $8.86 earnings per share. Sell-side analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be paid a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Wednesday, May 21st. Equinix's dividend payout ratio is 195.01%.

Insider Activity

In other Equinix news, Director Christopher B. Paisley sold 125 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 17,669 shares of the company's stock, valued at approximately $16,117,838.49. The trade was a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Charles J. Meyers sold 3,562 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $929.04, for a total value of $3,309,240.48. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,040 shares of company stock worth $6,547,068. 0.27% of the stock is owned by corporate insiders.

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.