Equinix, Inc. (NASDAQ:EQIX) Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 995.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,100 shares of the financial services provider’s stock after purchasing an additional 50,979 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.06% of Equinix worth $49,796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in Equinix by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,894,101 shares of the financial services provider’s stock worth $1,681,256,000 after purchasing an additional 5,910 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Equinix by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,333,992 shares of the financial services provider’s stock worth $1,009,293,000 after purchasing an additional 19,844 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Equinix by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,134,171 shares of the financial services provider’s stock worth $1,006,724,000 after purchasing an additional 53,729 shares in the last quarter. Clearbridge Investments LLC increased its stake in Equinix by 21.5% in the 2nd quarter. Clearbridge Investments LLC now owns 902,493 shares of the financial services provider’s stock worth $682,826,000 after purchasing an additional 159,576 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Equinix by 7.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 879,999 shares of the financial services provider’s stock worth $665,807,000 after purchasing an additional 59,343 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Performance

EQIX opened at $979.10 on Thursday. The stock has a market cap of $94.47 billion, a PE ratio of 88.29, a P/E/G ratio of 2.51 and a beta of 0.71. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. Equinix, Inc. has a 1 year low of $684.14 and a 1 year high of $994.03. The stock’s 50 day simple moving average is $898.34 and its 200-day simple moving average is $830.42.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be given a $4.26 dividend. This represents a $17.04 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Wednesday, November 13th. Equinix’s dividend payout ratio (DPR) is 153.65%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Scotiabank lifted their price target on Equinix from $954.00 to $985.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 31st. The Goldman Sachs Group lifted their target price on Equinix from $870.00 to $980.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Truist Financial lifted their target price on Equinix from $915.00 to $935.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Stifel Nicolaus lifted their target price on Equinix from $995.00 to $1,080.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Evercore ISI lifted their price target on Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $952.88.

Insider Buying and Selling at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 864 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $850.00, for a total value of $734,400.00. Following the sale, the insider now directly owns 9,094 shares in the company, valued at $7,729,900. This represents a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Meredith Williamson sold 576 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $824.19, for a total value of $474,733.44. The disclosure for this sale can be found here. Insiders have sold 13,754 shares of company stock worth $11,666,756 over the last three months. Company insiders own 0.27% of the company’s stock.

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.