TD Asset Management Inc Has $38.67 Million Stake in Equinix, Inc. $EQIX

TD Asset Management Inc boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,474 shares of the financial services provider’s stock after buying an additional 1,024 shares during the quarter. TD Asset Management Inc’s holdings in Equinix were worth $38,671,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cibc World Market Inc. lifted its holdings in Equinix by 8.5% during the 4th quarter. Cibc World Market Inc. now owns 55,123 shares of the financial services provider’s stock worth $42,233,000 after buying an additional 4,315 shares during the period. Sivia Capital Partners LLC lifted its holdings in Equinix by 230.2% during the 4th quarter. Sivia Capital Partners LLC now owns 1,007 shares of the financial services provider’s stock worth $772,000 after buying an additional 702 shares during the period. CIBC Asset Management Inc lifted its holdings in Equinix by 71.6% during the 4th quarter. CIBC Asset Management Inc now owns 23,102 shares of the financial services provider’s stock worth $17,700,000 after buying an additional 9,643 shares during the period. Bank of New York Mellon Corp lifted its holdings in Equinix by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 594,582 shares of the financial services provider’s stock worth $455,545,000 after buying an additional 3,189 shares during the period. Finally, 3Chopt Investment Partners LLC lifted its holdings in Equinix by 2.8% during the 4th quarter. 3Chopt Investment Partners LLC now owns 771 shares of the financial services provider’s stock worth $591,000 after buying an additional 21 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Performance

Shares of Equinix stock opened at $1,080.95 on Friday. Equinix, Inc. has a one year low of $710.52 and a one year high of $1,128.68. The firm has a market capitalization of $106.60 billion, a price-to-earnings ratio of 74.81, a PEG ratio of 2.03 and a beta of 0.99. The business has a 50-day simple moving average of $1,058.36 and a 200 day simple moving average of $913.59. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the company posted $9.67 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, research analysts anticipate that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be given a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s payout ratio is presently 142.84%.

Wall Street Analysts Forecast Growth

EQIX has been the topic of several recent research reports. Guggenheim reaffirmed a “buy” rating and set a $1,235.00 target price on shares of Equinix in a report on Wednesday, May 20th. Sanford C. Bernstein initiated coverage on Equinix in a research report on Thursday, March 5th. They issued an “outperform” rating and a $1,128.00 price objective for the company. Stifel Nicolaus set a $1,075.00 price objective on Equinix in a research report on Thursday, February 12th. Citigroup reissued a “buy” rating on shares of Equinix in a research report on Wednesday. Finally, Cantor Fitzgerald lifted their price objective on Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,143.60.

Insider Activity

In other Equinix news, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the completion of the sale, the director directly owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. The trade was a 0.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the sale, the chairman directly owned 7,370 shares of the company’s stock, valued at $7,998,145.10. This represents a 41.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 11,053 shares of company stock worth $11,569,731. Company insiders own 0.27% of the company’s stock.

Equinix Company Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.