Equinix (EQIX) Position Increased by Toronto Dominion Bank

Toronto Dominion Bank raised its position in Equinix (NASDAQ:EQIX) by 53.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,740 shares of the financial services provider’s stock after purchasing an additional 18,053 shares during the quarter. Toronto Dominion Bank owned 0.07% of Equinix worth $21,630,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Checchi Capital Advisers LLC raised its position in Equinix by 14.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 964 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 125 shares during the period. Fagan Associates Inc. raised its position in Equinix by 3.8% in the 4th quarter. Fagan Associates Inc. now owns 3,717 shares of the financial services provider’s stock worth $1,685,000 after purchasing an additional 135 shares during the period. Candriam Luxembourg S.C.A. raised its position in Equinix by 2.3% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 5,989 shares of the financial services provider’s stock worth $2,504,000 after purchasing an additional 137 shares during the period. LS Investment Advisors LLC raised its position in Equinix by 7.5% in the 1st quarter. LS Investment Advisors LLC now owns 2,044 shares of the financial services provider’s stock worth $855,000 after purchasing an additional 142 shares during the period. Finally, Girard Partners LTD. raised its position in Equinix by 9.7% in the 4th quarter. Girard Partners LTD. now owns 1,761 shares of the financial services provider’s stock worth $798,000 after purchasing an additional 156 shares during the period. 99.60% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on EQIX shares. Credit Suisse Group reissued a “buy” rating and issued a $519.00 price objective on shares of Equinix in a research report on Sunday, February 25th. UBS raised shares of Equinix from a “neutral” rating to a “buy” rating and set a $510.00 target price on the stock in a research report on Monday, January 29th. Zacks Investment Research raised shares of Equinix from a “hold” rating to a “buy” rating and set a $456.00 target price on the stock in a research report on Monday, February 19th. Deutsche Bank raised their target price on shares of Equinix from $545.00 to $550.00 and gave the stock a “buy” rating in a research report on Tuesday, April 17th. Finally, BidaskClub raised shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, March 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $503.57.

In other Equinix news, CEO Camp Peter Van sold 583 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $390.51, for a total value of $227,667.33. Following the completion of the sale, the chief executive officer now directly owns 7,554 shares in the company, valued at $2,949,912.54. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Keith D. Taylor sold 3,744 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $392.82, for a total transaction of $1,470,718.08. Following the completion of the sale, the chief financial officer now owns 33,185 shares of the company’s stock, valued at $13,035,731.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,214 shares of company stock worth $9,298,696. 0.51% of the stock is currently owned by corporate insiders.

Shares of Equinix opened at $388.05 on Friday, Marketbeat.com reports. The company has a market cap of $30.75 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 1.09 and a beta of 0.51. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.36 and a current ratio of 2.36. Equinix has a 52-week low of $370.79 and a 52-week high of $495.35.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.70 by ($2.91). The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Equinix had a net margin of 5.48% and a return on equity of 7.00%. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.14 earnings per share. sell-side analysts anticipate that Equinix will post 18.9 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 20th. Investors of record on Wednesday, May 23rd will be issued a dividend of $2.28 per share. This represents a $9.12 annualized dividend and a yield of 2.35%. The ex-dividend date is Tuesday, May 22nd. Equinix’s payout ratio is 49.22%.

About Equinix

Equinix, Inc (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. In 48 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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