MASTERINVEST Kapitalanlage GmbH acquired a new stake in Equinix, Inc. (NASDAQ:EQIX – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,286 shares of the financial services provider’s stock, valued at approximately $2,383,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bamco Inc. NY acquired a new position in shares of Equinix in the second quarter valued at approximately $203,930,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Equinix by 6.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock worth $40,043,000 after buying an additional 3,108 shares in the last quarter. Legal & General Group Plc purchased a new position in Equinix in the 2nd quarter valued at approximately $1,181,260,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Equinix by 5,149.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 128,097 shares of the financial services provider’s stock worth $98,143,000 after acquiring an additional 125,657 shares in the last quarter. Finally, Generali Asset Management SPA SGR grew its stake in shares of Equinix by 17.8% in the fourth quarter. Generali Asset Management SPA SGR now owns 9,772 shares of the financial services provider’s stock worth $7,487,000 after acquiring an additional 1,478 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on EQIX shares. Raymond James Financial upgraded Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price target on the stock in a report on Thursday, April 30th. Mizuho upped their target price on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. lifted their price target on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Cantor Fitzgerald boosted their price target on shares of Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, HSBC reissued a “buy” rating and issued a $1,400.00 price objective on shares of Equinix in a research report on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,203.40.
Insider Activity at Equinix
In other news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the sale, the director owned 13,734 shares in the company, valued at approximately $15,156,567.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the completion of the sale, the insider directly owned 4,077 shares of the company’s stock, valued at $4,384,813.50. The trade was a 3.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,986 shares of company stock valued at $8,370,777 over the last ninety days. Insiders own 0.27% of the company’s stock.
Equinix Price Performance
EQIX stock opened at $1,076.45 on Friday. The business has a 50 day moving average price of $1,051.56 and a 200 day moving average price of $1,031.20. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market cap of $106.22 billion, a price-to-earnings ratio of 69.31, a PEG ratio of 1.53 and a beta of 0.99. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68.
Equinix (NASDAQ:EQIX – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $7.05. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities research analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.
Equinix Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be paid a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is currently 132.90%.
About Equinix
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.
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