Toronto Dominion Bank Boosts Holdings in Equinix, Inc. (EQIX)

Toronto Dominion Bank raised its stake in Equinix, Inc. (NASDAQ:EQIX) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,687 shares of the financial services provider’s stock after buying an additional 4,129 shares during the period. Toronto Dominion Bank’s holdings in Equinix were worth $15,267,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Whittier Trust Co. grew its position in Equinix by 191.5% during the 4th quarter. Whittier Trust Co. now owns 239 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 157 shares in the last quarter. Zions Bancorporation grew its position in Equinix by 2,550.0% during the 3rd quarter. Zions Bancorporation now owns 265 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 255 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in Equinix during the 4th quarter worth approximately $121,000. Amica Retiree Medical Trust purchased a new position in Equinix during the 3rd quarter worth approximately $188,000. Finally, Commerce Bank purchased a new position in Equinix during the 3rd quarter worth approximately $203,000. 93.85% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on the stock. Credit Suisse Group reiterated an “outperform” rating and set a $515.00 price objective (up from $510.00) on shares of Equinix in a research report on Thursday, November 2nd. Oppenheimer lifted their price objective on shares of Equinix to $525.00 and gave the stock an “outperform” rating in a research report on Friday, December 22nd. Barclays reiterated a “buy” rating and set a $517.00 price objective on shares of Equinix in a research report on Friday, January 19th. Berenberg Bank reiterated a “buy” rating and set a $550.00 price objective on shares of Equinix in a research report on Friday, November 3rd. Finally, UBS Group assumed coverage on shares of Equinix in a research report on Wednesday, October 18th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $504.05.

In related news, insider Charles J. Meyers sold 2,196 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $450.00, for a total value of $988,200.00. Following the completion of the sale, the insider now directly owns 1,844 shares in the company, valued at $829,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Earl Campbell sold 200 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $462.43, for a total transaction of $92,486.00. Following the completion of the sale, the insider now owns 925 shares of the company’s stock, valued at $427,747.75. The disclosure for this sale can be found here. Insiders sold 24,513 shares of company stock valued at $10,961,480 over the last quarter. 0.58% of the stock is currently owned by corporate insiders.

Equinix, Inc. (EQIX) opened at $435.83 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.11 and a current ratio of 2.11. Equinix, Inc. has a fifty-two week low of $361.90 and a fifty-two week high of $495.35. The company has a market cap of $34,129.45, a price-to-earnings ratio of 143.84, a PEG ratio of 1.51 and a beta of 0.42.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $3.87 by ($3.05). Equinix had a net margin of 5.58% and a return on equity of 5.59%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the firm earned $4.08 earnings per share. The company’s revenue was up 27.3% on a year-over-year basis. sell-side analysts predict that Equinix, Inc. will post 16.11 earnings per share for the current year.

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Equinix Profile

Equinix, Inc (Equinix) connects businesses with partners and customers worldwide through a global platform of data centers. The Company connects approximately 4000 customers, across the Americas, Europe, Middle East and Africa (EMEA) and Asia-Pacific. Platform Equinix combines international business exchange (IBX) data centers, a global footprint and ecosystems.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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