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

Mackenzie Financial Corp cut its position in Equinix, Inc. (NASDAQ:EQIX) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,418 shares of the financial services provider’s stock after selling 448 shares during the period. Mackenzie Financial Corp’s holdings in Equinix were worth $27,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its position in Equinix by 15.5% during the first quarter. Sequoia Financial Advisors LLC now owns 687 shares of the financial services provider’s stock worth $509,000 after buying an additional 92 shares in the last quarter. Baird Financial Group Inc. lifted its position in Equinix by 5.3% during the first quarter. Baird Financial Group Inc. now owns 1,169 shares of the financial services provider’s stock worth $867,000 after buying an additional 59 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Equinix by 182.8% during the first quarter. Brown Brothers Harriman & Co. now owns 263 shares of the financial services provider’s stock worth $195,000 after buying an additional 170 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Equinix by 10.3% during the first quarter. Parkside Financial Bank & Trust now owns 171 shares of the financial services provider’s stock worth $127,000 after buying an additional 16 shares in the last quarter. Finally, Covestor Ltd lifted its position in Equinix by 300.0% during the first quarter. Covestor Ltd now owns 172 shares of the financial services provider’s stock worth $128,000 after buying an additional 129 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Royal Bank of Canada lifted their target price on Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. BMO Capital Markets lifted their target price on Equinix from $910.00 to $925.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. HSBC downgraded Equinix from a “buy” rating to a “hold” rating and set a $900.00 target price on the stock. in a research report on Wednesday, March 20th. Barclays reduced their target price on Equinix from $818.00 to $669.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $862.50.

Equinix Trading Down 1.0 %

NASDAQ:EQIX opened at $734.56 on Thursday. The stock has a 50-day simple moving average of $838.03 and a 200-day simple moving average of $801.76. The stock has a market cap of $69.50 billion, a P/E ratio of 71.25, a P/E/G ratio of 1.78 and a beta of 0.58. Equinix, Inc. has a 1 year low of $672.88 and a 1 year high of $914.93. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.13.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 28th were given a $4.26 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $17.04 annualized dividend and a dividend yield of 2.32%. Equinix’s dividend payout ratio is currently 165.28%.

Insider Activity

In other news, Chairman Camp Peter Van sold 122 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the sale, the chairman now directly owns 7,968 shares in the company, valued at $6,622,364.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Camp Peter Van sold 122 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $831.12, for a total value of $101,396.64. Following the completion of the transaction, the chairman now directly owns 7,968 shares in the company, valued at $6,622,364.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brandi Galvin Morandi sold 729 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $832.84, for a total value of $607,140.36. Following the completion of the transaction, the insider now owns 14,002 shares of the company’s stock, valued at $11,661,425.68. The disclosure for this sale can be found here. Insiders have sold 4,585 shares of company stock worth $3,818,268 over the last three months. 0.32% of the stock is currently owned by corporate insiders.

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.