Healthcare of Ontario Pension Plan Trust Fund Sells 12,773 Shares of Equinix, Inc. (NASDAQ:EQIX)

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in Equinix, Inc. (NASDAQ:EQIX) by 74.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,466 shares of the financial services provider’s stock after selling 12,773 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Equinix were worth $3,686,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its stake in Equinix by 10.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 226,578 shares of the financial services provider’s stock worth $187,134,000 after purchasing an additional 20,818 shares during the period. Lake Street Advisors Group LLC increased its holdings in shares of Equinix by 38.3% during the first quarter. Lake Street Advisors Group LLC now owns 755 shares of the financial services provider’s stock worth $623,000 after buying an additional 209 shares in the last quarter. Arjuna Capital increased its holdings in shares of Equinix by 3.4% during the first quarter. Arjuna Capital now owns 1,557 shares of the financial services provider’s stock worth $1,285,000 after buying an additional 51 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Equinix by 159.4% during the first quarter. Bessemer Group Inc. now owns 2,246 shares of the financial services provider’s stock worth $1,854,000 after buying an additional 1,380 shares in the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in shares of Equinix by 6.2% during the first quarter. UniSuper Management Pty Ltd now owns 29,068 shares of the financial services provider’s stock worth $23,991,000 after buying an additional 1,685 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

EQIX stock opened at $769.31 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.10 and a quick ratio of 1.10. Equinix, Inc. has a one year low of $677.80 and a one year high of $914.93. The stock has a market cap of $73.02 billion, a PE ratio of 77.16, a P/E/G ratio of 2.74 and a beta of 0.68. The firm has a 50 day simple moving average of $771.03 and a two-hundred day simple moving average of $797.29.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 22nd were paid a $4.26 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $17.04 annualized dividend and a dividend yield of 2.21%. Equinix’s payout ratio is 170.91%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EQIX shares. TD Cowen lowered their price target on shares of Equinix from $862.00 to $859.00 and set a “buy” rating for the company in a report on Friday, May 10th. Royal Bank of Canada lowered their price target on shares of Equinix from $950.00 to $922.00 and set an “outperform” rating for the company in a report on Tuesday, May 28th. The Goldman Sachs Group began coverage on shares of Equinix in a report on Monday, July 1st. They set a “buy” rating and a $870.00 target price for the company. Barclays lifted their target price on shares of Equinix from $669.00 to $671.00 and gave the stock an “equal weight” rating in a report on Thursday, May 30th. Finally, Morgan Stanley lowered their target price on shares of Equinix from $767.00 to $762.00 and set an “equal weight” rating for the company in a report on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and a consensus target price of $875.50.

Insider Buying and Selling

In other Equinix news, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the completion of the sale, the insider now directly owns 12,758 shares in the company, valued at approximately $10,212,779. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Equinix news, insider Brandi Galvin Morandi sold 2,070 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $800.50, for a total transaction of $1,657,035.00. Following the completion of the sale, the insider now directly owns 12,758 shares in the company, valued at approximately $10,212,779. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 100 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $812.98, for a total transaction of $81,298.00. Following the sale, the director now owns 17,641 shares of the company’s stock, valued at $14,341,780.18. The disclosure for this sale can be found here. 0.27% of the stock is 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.