Equinix, Inc. (NASDAQ:EQIX) Shares Bought by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co grew its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 10.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 221,600 shares of the financial services provider's stock after buying an additional 20,293 shares during the period. CANADA LIFE ASSURANCE Co owned 0.23% of Equinix worth $208,799,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board boosted its position in shares of Equinix by 1.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 902,634 shares of the financial services provider's stock valued at $851,085,000 after acquiring an additional 11,557 shares during the last quarter. Zacks Investment Management purchased a new stake in shares of Equinix in the 4th quarter valued at approximately $262,000. NewEdge Advisors LLC increased its holdings in shares of Equinix by 42.3% during the 4th quarter. NewEdge Advisors LLC now owns 1,975 shares of the financial services provider's stock worth $1,862,000 after buying an additional 587 shares during the last quarter. NFJ Investment Group LLC raised its position in shares of Equinix by 3.7% during the 4th quarter. NFJ Investment Group LLC now owns 27,066 shares of the financial services provider's stock valued at $25,520,000 after buying an additional 970 shares during the period. Finally, Bridgewater Associates LP lifted its holdings in Equinix by 115.7% in the fourth quarter. Bridgewater Associates LP now owns 1,307 shares of the financial services provider's stock valued at $1,232,000 after acquiring an additional 701 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on EQIX. Oppenheimer raised their target price on Equinix from $950.00 to $975.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Citizens Jmp raised Equinix to a "strong-buy" rating in a research report on Monday, January 27th. BMO Capital Markets decreased 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 report on Thursday, February 13th. Moffett Nathanson upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Finally, Truist Financial decreased their price objective on shares of Equinix from $1,028.00 to $990.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $1,004.94.

Insider Buying and Selling

In other news, insider Brandi Galvin Morandi sold 684 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $940.51, for a total transaction of $643,308.84. Following the completion of the sale, the insider now owns 8,377 shares in the company, valued at approximately $7,878,652.27. The trade was a 7.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher B. Paisley sold 125 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $912.21, for a total transaction of $114,026.25. Following the completion of the transaction, the director now 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,040 shares of company stock worth $6,547,068. Corporate insiders own 0.27% of the company's stock.

Equinix Stock Up 2.4 %

NASDAQ EQIX traded up $18.47 during trading hours on Tuesday, hitting $791.67. 140,117 shares of the company were exchanged, compared to its average volume of 551,631. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.19. The firm has a market cap of $77.44 billion, a price-to-earnings ratio of 92.64, a PEG ratio of 1.78 and a beta of 0.95. The company has a 50 day moving average of $844.53 and a two-hundred day moving average of $896.95. Equinix, Inc. has a 52-week low of $684.14 and a 52-week high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $5.17. Equinix had a net margin of 9.32% and a return on equity of 6.31%. Equities research analysts anticipate that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 26th were given a dividend of $4.69 per share. This is a boost from Equinix's previous quarterly dividend of $4.26. This represents a $18.76 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Wednesday, February 26th. Equinix's payout ratio is 219.42%.

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.