Healthcare of Ontario Pension Plan Trust Fund Has $49.80 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 995.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,100 shares of the financial services provider’s stock after acquiring an additional 50,979 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Equinix were worth $49,796,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Equinix during the second quarter worth about $30,000. LRI Investments LLC acquired a new position in shares of Equinix during the 1st quarter worth approximately $31,000. GHP Investment Advisors Inc. boosted its stake in shares of Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 13 shares during the period. Fortitude Family Office LLC boosted its stake in shares of Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 13 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of Equinix during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EQIX. Scotiabank lifted their target price on Equinix from $954.00 to $985.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 31st. Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. TD Cowen boosted their price target on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Evercore ISI boosted their price target on Equinix from $945.00 to $975.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Mizuho boosted their price target on Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $952.88.

Equinix Price Performance

Shares of EQIX opened at $979.10 on Thursday. Equinix, Inc. has a 12-month low of $684.14 and a 12-month high of $994.03. The business has a 50-day simple moving average of $898.34 and a two-hundred day simple moving average of $830.42. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The stock has a market cap of $94.47 billion, a PE ratio of 88.29, a PEG ratio of 2.51 and a beta of 0.71.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 13th will be given a $4.26 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.74%. Equinix’s dividend payout ratio (DPR) is presently 153.65%.

Insider Buying and Selling at Equinix

In other Equinix news, CAO Simon Miller sold 569 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $820.91, for a total value of $467,097.79. Following the sale, the chief accounting officer now owns 5,554 shares in the company, valued at approximately $4,559,334.14. The trade was a 9.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $891.00, for a total value of $89,100.00. Following the sale, the director now owns 17,794 shares in the company, valued at approximately $15,854,454. The trade was a 0.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,754 shares of company stock worth $11,666,756. Insiders own 0.27% of the company’s stock.

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.