Mackenzie Financial Corp Sells 448 Shares of Equinix, Inc. (NASDAQ:EQIX)

Mackenzie Financial Corp decreased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.3% in the 4th quarter, according to its most recent 13F filing with the 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EQIX. Valley National Advisers Inc. raised its position in shares of Equinix by 260.0% during the 4th quarter. Valley National Advisers Inc. now owns 36 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 26 shares during the last quarter. Providence Capital Advisors LLC bought a new stake in shares of Equinix during the 3rd quarter valued at $29,000. Operose Advisors LLC bought a new stake in shares of Equinix during the 3rd quarter valued at $36,000. Asset Dedication LLC raised its position in shares of Equinix by 92.6% during the 3rd quarter. Asset Dedication LLC now owns 52 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 25 shares during the last quarter. Finally, Quarry LP increased its position in shares of Equinix by 237.5% in the 1st quarter. Quarry LP now owns 54 shares of the financial services provider’s stock valued at $39,000 after buying an additional 38 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Down 1.0 %

Shares of EQIX opened at $734.56 on Thursday. Equinix, Inc. has a 12 month low of $672.88 and a 12 month high of $914.93. The firm’s 50 day moving average is $838.03 and its 200-day moving average is $801.76. The stock has a market capitalization of $69.50 billion, a PE ratio of 71.25, a P/E/G ratio of 1.78 and a beta of 0.58. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.19.

Equinix Announces Dividend

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

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on shares of Equinix from $800.00 to $825.00 and gave the company an “equal weight” rating in a research report on Thursday, February 15th. Oppenheimer upped their price objective on shares of Equinix from $875.00 to $950.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Royal Bank of Canada upped their price objective on shares of Equinix from $855.00 to $950.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. HSBC cut shares of Equinix from a “buy” rating to a “hold” rating and set a $900.00 price objective for the company. in a research report on Wednesday, March 20th. Finally, Morgan Stanley lowered their price objective on shares of Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a research report on Thursday, March 28th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Equinix has a consensus rating of “Moderate Buy” and a consensus target price of $862.50.

Insider Transactions at Equinix

In other news, Chairman Camp Peter Van sold 122 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total transaction of $101,396.64. Following the transaction, the chairman now directly owns 7,968 shares of the company’s stock, valued at $6,622,364.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Camp Peter Van sold 122 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $831.12, for a total transaction of $101,396.64. Following the sale, the chairman now owns 7,968 shares in the company, valued at approximately $6,622,364.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Keith D. Taylor sold 1,164 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $832.98, for a total transaction of $969,588.72. Following the sale, the chief financial officer now owns 23,187 shares in the company, valued at approximately $19,314,307.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,585 shares of company stock valued at $3,818,268. 0.32% of the stock is currently owned by company insiders.

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.