Toronto Dominion Bank Has $35.50 Million Stock Holdings in Equinix, Inc. (NASDAQ:EQIX)

Toronto Dominion Bank lowered its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 17.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,916 shares of the financial services provider’s stock after selling 10,092 shares during the period. Toronto Dominion Bank’s holdings in Equinix were worth $35,497,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. CNB Bank raised its stake in Equinix by 172.7% during the first quarter. CNB Bank now owns 30 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 19 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Equinix during the 1st quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Equinix during the 2nd quarter valued at approximately $30,000. Rise Advisors LLC acquired a new position in Equinix during the 1st quarter worth approximately $39,000. Finally, Meeder Asset Management Inc. bought a new position in Equinix in the 2nd quarter valued at approximately $36,000. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EQIX. Wells Fargo & Company raised shares of Equinix from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $825.00 to $875.00 in a research note on Tuesday, July 23rd. TD Cowen boosted their price objective on Equinix from $859.00 to $865.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Mizuho increased their target price on Equinix from $873.00 to $971.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft lifted their price target on Equinix from $880.00 to $910.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, The Goldman Sachs Group began coverage on shares of Equinix in a report on Monday, July 1st. They issued a “buy” rating and a $870.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $883.71.

Equinix Stock Up 0.3 %

Shares of NASDAQ EQIX opened at $890.01 on Thursday. Equinix, Inc. has a 52-week low of $677.80 and a 52-week high of $914.93. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.22 and a current ratio of 1.22. The company’s 50 day moving average price is $823.47 and its 200-day moving average price is $791.43. The company has a market capitalization of $84.47 billion, a P/E ratio of 89.27, a price-to-earnings-growth ratio of 2.15 and a beta of 0.71.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $3.16 EPS for the quarter, missing analysts’ consensus estimates of $7.88 by ($4.72). Equinix had a net margin of 12.24% and a return on equity of 8.46%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the company posted $8.04 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. Equities analysts forecast that Equinix, Inc. will post 31.01 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, August 21st were issued a $4.26 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $17.04 dividend on an annualized basis and a yield of 1.91%. Equinix’s payout ratio is currently 170.91%.

Insiders Place Their Bets

In other news, insider Brandi Galvin Morandi sold 864 shares of Equinix stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total value of $734,400.00. Following the completion of the sale, the insider now owns 9,094 shares in the company, valued at approximately $7,729,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Simon Miller sold 569 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $820.91, for a total transaction of $467,097.79. Following the transaction, the chief accounting officer now owns 5,554 shares of the company’s stock, valued at approximately $4,559,334.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brandi Galvin Morandi sold 864 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total value of $734,400.00. Following the completion of the sale, the insider now owns 9,094 shares of the company’s stock, valued at $7,729,900. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,043 shares of company stock worth $8,282,119. Corporate 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.