Caisse DE Depot ET Placement DU Quebec Has $21.40 Million Position in Equinix, Inc. (NASDAQ:EQIX)

Caisse DE Depot ET Placement DU Quebec raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 33.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,700 shares of the financial services provider’s stock after buying an additional 5,700 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Equinix were worth $21,404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in EQIX. Kestra Investment Management LLC acquired a new position in Equinix during the 4th quarter valued at about $31,000. J.Safra Asset Management Corp purchased a new position in shares of Equinix during the fourth quarter valued at approximately $39,000. Sierra Ocean LLC purchased a new position in shares of Equinix during the fourth quarter valued at approximately $42,000. Thompson Investment Management Inc. purchased a new position in shares of Equinix during the fourth quarter valued at approximately $47,000. Finally, Key Financial Inc lifted its stake in Equinix by 30.4% during the 4th quarter. Key Financial Inc now owns 60 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 14 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Equinix Trading Up 1.6 %

Shares of Equinix stock opened at $875.85 on Friday. The company’s 50-day moving average price is $828.81 and its 200-day moving average price is $894.55. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.19. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03. The company has a market cap of $85.67 billion, a price-to-earnings ratio of 102.44, a PEG ratio of 1.78 and a beta of 0.95.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $9.67 EPS for the quarter, beating the consensus estimate of $9.01 by $0.66. Equinix had a net margin of 9.32% and a return on equity of 6.31%. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the firm earned $8.86 EPS. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities analysts expect that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be given a dividend of $4.69 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.14%. Equinix’s dividend payout ratio (DPR) is presently 195.01%.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $912.21, for a total value of $114,026.25. Following the transaction, the director now owns 17,669 shares of the company’s stock, valued at $16,117,838.49. This represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Keith D. Taylor sold 2,454 shares of Equinix stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $929.34, for a total value of $2,280,600.36. Following the sale, the chief financial officer now directly owns 24,402 shares of the company’s stock, valued at approximately $22,677,754.68. This trade represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,040 shares of company stock valued at $6,547,068. 0.27% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

EQIX has been the subject of several recent analyst reports. TD Securities upped their target price on shares of Equinix from $978.00 to $1,018.00 and gave the stock a “buy” rating in a research note on Thursday. New Street Research raised shares of Equinix to a “strong-buy” rating in a research report on Monday, April 28th. JMP Securities restated a “market outperform” rating and issued a $1,200.00 target price on shares of Equinix in a research note on Thursday. Barclays lifted their price target on Equinix from $822.00 to $834.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Finally, Moffett Nathanson upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat, Equinix has an average rating of “Buy” and an average price target of $1,004.05.

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.