Equinix, Inc. (EQIX) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.2% during the second quarter, Holdings Channel reports. The fund owned 222,050 shares of the financial services provider’s stock after buying an additional 9,000 shares during the period. Canada Pension Plan Investment Board’s holdings in Equinix were worth $95,295,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC increased its stake in Equinix by 1,033.3% in the first quarter. Proficio Capital Partners LLC now owns 238 shares of the financial services provider’s stock worth $105,000 after buying an additional 217 shares during the last quarter. Point72 Asia Hong Kong Ltd increased its stake in Equinix by 47.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 252 shares of the financial services provider’s stock worth $101,000 after buying an additional 81 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Equinix during the first quarter worth $112,000. Guardian Life Insurance Co. of America increased its stake in Equinix by 9.9% in the first quarter. Guardian Life Insurance Co. of America now owns 300 shares of the financial services provider’s stock worth $120,000 after buying an additional 27 shares during the last quarter. Finally, Smithfield Trust Co. increased its stake in Equinix by 19.1% in the second quarter. Smithfield Trust Co. now owns 337 shares of the financial services provider’s stock worth $145,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 95.31% of the company’s stock.

Shares of Equinix, Inc. (NASDAQ:EQIX) opened at 447.81 on Thursday. The company’s 50 day moving average price is $437.60 and its 200-day moving average price is $411.92. Equinix, Inc. has a 52 week low of $314.55 and a 52 week high of $459.00. The firm has a market capitalization of $34.89 billion, a PE ratio of 164.45 and a beta of 0.59.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.41 by $2.83. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. Equinix had a return on equity of 5.51% and a net margin of 5.18%. On average, equities research analysts expect that Equinix, Inc. will post $3.94 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 23rd will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 1.79%. The ex-dividend date is Monday, August 21st. Equinix’s dividend payout ratio is currently 293.04%.

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A number of research firms have recently weighed in on EQIX. Barclays PLC restated an “equal weight” rating and set a $475.00 target price (up previously from $410.00) on shares of Equinix in a research report on Thursday, August 3rd. Stifel Nicolaus restated a “buy” rating and set a $497.00 target price (up previously from $485.00) on shares of Equinix in a research report on Thursday, August 3rd. Cowen and Company restated an “outperform” rating and set a $482.00 target price (up previously from $465.00) on shares of Equinix in a research report on Thursday, August 3rd. Royal Bank Of Canada boosted their target price on Equinix from $470.00 to $505.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Instinet restated a “buy” rating and set a $490.00 target price on shares of Equinix in a research report on Thursday, May 25th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Equinix presently has an average rating of “Buy” and an average price target of $464.78.

In related news, CEO Stephen M. Smith sold 5,348 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $432.60, for a total transaction of $2,313,544.80. Following the completion of the transaction, the chief executive officer now directly owns 18,967 shares of the company’s stock, valued at approximately $8,205,124.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Keith D. Taylor sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $440.99, for a total value of $440,990.00. Following the transaction, the chief financial officer now directly owns 36,296 shares of the company’s stock, valued at $16,006,173.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,143 shares of company stock valued at $9,703,456. 0.58% of the stock is owned by corporate insiders.

About Equinix

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIX).

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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