TD Waterhouse Canada Inc. Acquires 4,260 Shares of Equinix, Inc. $EQIX

Key Points

• TD Waterhouse Canada increased its Equinix stake by 85.2% in the third quarter, purchasing 4,260 additional shares for a total holding of 9,261 shares valued at approximately $9.4 million. Institutional investors collectively own 94.94% of EQIX.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $1,206.55; 28 analysts rate the stock a Buy, while four assign a Hold rating.
• Equinix reported quarterly revenue of $2.62 billion, up 16.4% year over year, and earnings of $11.78 per share, well above estimates. The company also declared a quarterly dividend of $5.16 per share, representing an annualized yield of 2.1%.

TD Waterhouse Canada Inc. boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 85.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,261 shares of the financial services provider's stock after buying an additional 4,260 shares during the period. TD Waterhouse Canada Inc.'s holdings in Equinix were worth $9,392,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Equinix during the second quarter valued at about $11,930,074,000. Principal Financial Group Inc. raised its holdings in shares of Equinix by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider's stock worth $1,941,377,000 after acquiring an additional 27,643 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Equinix by 26,831.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider's stock worth $1,291,648,000 after acquiring an additional 1,234,521 shares during the last quarter. Legal & General Group Plc bought a new position in Equinix in the 2nd quarter valued at about $1,181,260,000. Finally, Canada Pension Plan Investment Board bought a new position in Equinix in the 2nd quarter valued at about $1,163,662,000. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EQIX shares. Weiss Ratings upgraded Equinix from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday. UBS Group increased their price objective on Equinix from $1,210.00 to $1,265.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Royal Bank Of Canada increased their price objective on Equinix from $1,125.00 to $1,225.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Scotiabank restated a "sector perform" rating and issued a $1,208.00 target price on shares of Equinix in a report on Thursday, July 30th. Finally, Barclays lifted their target price on Equinix from $1,130.00 to $1,135.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,206.55.

Insiders Place Their Bets

In other Equinix news, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the transaction, the insider owned 4,077 shares of the company's stock, valued at $4,384,813.50. This trade represents a 3.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the business's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total value of $317,748.07. Following the completion of the transaction, the insider owned 2,450 shares in the company, valued at $2,535,774.50. The trade was a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 4,770 shares of company stock valued at $4,884,197. Corporate insiders own 0.27% of the company's stock.

Equinix Stock Performance

NASDAQ EQIX opened at $985.98 on Monday. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $97.29 billion, a price-to-earnings ratio of 63.49, a PEG ratio of 1.41 and a beta of 0.98. The company has a fifty day moving average price of $1,038.44 and a 200-day moving average price of $1,050.10.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating the consensus estimate of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the company posted $9.91 earnings per share. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, equities research analysts predict that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were given a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Equinix's dividend payout ratio is presently 132.90%.

Equinix Profile

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.

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