Sustainable Insight Capital Management LLC Buys 67 Shares of Equinix, Inc. $EQIX

Sustainable Insight Capital Management LLC lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 11.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 631 shares of the financial services provider’s stock after purchasing an additional 67 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Equinix were worth $502,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elliott Investment Management L.P. purchased a new stake in shares of Equinix during the first quarter valued at $122,302,000. Gradient Investments LLC raised its holdings in shares of Equinix by 19.4% during the second quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider’s stock valued at $19,635,000 after purchasing an additional 4,015 shares during the last quarter. Partners Group Holding AG lifted its position in Equinix by 10.6% during the first quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider’s stock valued at $42,225,000 after purchasing an additional 4,968 shares during the period. Focus Partners Wealth grew its position in Equinix by 19.4% in the 1st quarter. Focus Partners Wealth now owns 2,573 shares of the financial services provider’s stock worth $2,098,000 after purchasing an additional 418 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in Equinix by 11.7% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 22,058 shares of the financial services provider’s stock valued at $17,985,000 after buying an additional 2,311 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $819.33 on Friday. The company has a market capitalization of $80.45 billion, a P/E ratio of 75.03, a P/E/G ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The firm’s 50 day simple moving average is $799.80 and its two-hundred day simple moving average is $817.53. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating the consensus estimate of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.33 billion. During the same period last year, the firm earned $9.05 EPS. The company’s revenue was up 5.2% on a year-over-year basis. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Research analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th will be paid a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.3%. Equinix’s dividend payout ratio is 171.79%.

Analyst Ratings Changes

Several brokerages recently commented on EQIX. Zacks Research raised Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Daiwa Capital Markets set a $917.00 price target on Equinix and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Truist Financial upped their price target on shares of Equinix from $904.00 to $961.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Cowen reissued a “buy” rating on shares of Equinix in a report on Thursday, October 30th. Finally, UBS Group cut their target price on shares of Equinix from $1,035.00 to $950.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Five analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $960.76.

Insider Buying and Selling

In related news, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the sale, the executive vice president owned 6,378 shares of the company’s stock, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 100 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $840.47, for a total value of $84,047.00. Following the completion of the transaction, the insider owned 8,277 shares of the company’s stock, valued at $6,956,570.19. The trade was a 1.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 579 shares of company stock worth $454,188. 0.27% of the stock is owned by corporate insiders.

Equinix Company 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.