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M&T Bank Corp Purchases 6,411 Shares of Equinix, Inc. $EQIX
M&T Bank Corp significantly increased its stake in Equinix, Inc. (NASDAQ:EQIX) by 150.8%, acquiring an additional 6,411 shares and bringing its total holdings to 10,662 shares valued at $8.17 million. Despite missing quarterly EPS expectations, Equinix saw a 7% revenue increase and raised its quarterly dividend to $5.16, annualized at $20.64. The company maintains a “Moderate Buy” consensus rating from analysts with an average price target of $1,056.35, though insiders have sold 6,380 shares in the last 90 days.