Equinix, Inc. (NASDAQ:EQIX) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 80.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 57,248 shares of the financial services provider's stock after purchasing an additional 25,556 shares during the period. Mackenzie Financial Corp owned approximately 0.06% of Equinix worth $53,979,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Equinix by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 12,664,699 shares of the financial services provider's stock worth $11,941,418,000 after acquiring an additional 88,654 shares during the last quarter. Geode Capital Management LLC grew its position in Equinix by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 2,412,513 shares of the financial services provider's stock worth $2,269,037,000 after purchasing an additional 62,005 shares during the period. FMR LLC grew its position in Equinix by 3.7% in the 4th quarter. FMR LLC now owns 2,264,958 shares of the financial services provider's stock worth $2,135,606,000 after purchasing an additional 81,144 shares during the period. Principal Financial Group Inc. grew its position in Equinix by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,938,572 shares of the financial services provider's stock worth $1,827,847,000 after purchasing an additional 44,471 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in Equinix by 0.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,902,053 shares of the financial services provider's stock worth $1,793,429,000 after purchasing an additional 14,294 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Stock Up 0.8%

Shares of NASDAQ EQIX traded up $6.81 during midday trading on Thursday, reaching $887.43. 290,615 shares of the company's stock traded hands, compared to its average volume of 524,259. 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 stock's 50 day simple moving average is $829.39 and its 200-day simple moving average is $891.01. Equinix, Inc. has a one year low of $701.41 and a one year high of $994.03. The company has a market cap of $86.81 billion, a price-to-earnings ratio of 103.79, a P/E/G ratio of 1.78 and a beta of 0.97.

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 net margin of 9.32% and a return on equity of 6.31%. Equinix's revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm earned $8.86 earnings per share. On average, analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be given a $4.69 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $18.76 annualized dividend and a dividend yield of 2.11%. Equinix's dividend payout ratio (DPR) is 195.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EQIX shares. New Street Research raised shares of Equinix to a "strong-buy" rating in a research report on Monday, April 28th. Bank of America initiated coverage on shares of Equinix in a research report on Monday, May 19th. They set a "buy" rating and a $1,000.00 price objective for the company. Wells Fargo & Company dropped 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 report on Thursday, February 13th. Scotiabank dropped their target price on shares of Equinix from $1,040.00 to $1,030.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 22nd. Finally, BNP Paribas raised shares of Equinix to a "strong-buy" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, twenty have issued a buy rating and six have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $1,004.80.

Insider Activity

In related news, insider Kurt Pletcher sold 127 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $877.70, for a total transaction of $111,467.90. Following the transaction, the insider now directly owns 1,842 shares in the company, valued at approximately $1,616,723.40. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 100 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $869.41, for a total transaction of $86,941.00. Following the transaction, the director now owns 17,569 shares in the company, valued at $15,274,664.29. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

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.