11,444,924 Shares in Equinix, Inc. $EQIX Bought by BlackRock Inc.

BlackRock Inc. bought a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,444,924 shares of the financial services provider's stock, valued at approximately $11,930,074,000. BlackRock Inc. owned about 11.60% of Equinix as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. Elevation Wealth Partners LLC raised its stake in Equinix by 166.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 15 shares during the last quarter. Avion Wealth grew its holdings in shares of Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider's stock worth $25,000 after buying an additional 11 shares in the last quarter. Physician Wealth Advisors Inc. raised its position in shares of Equinix by 266.7% in the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider's stock valued at $32,000 after buying an additional 24 shares during the last quarter. Trust Co. of Vermont acquired a new stake in Equinix during the second quarter worth approximately $34,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Equinix in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

Equinix Stock Performance

Shares of NASDAQ EQIX opened at $1,097.61 on Tuesday. The stock has a fifty day moving average price of $1,050.40 and a two-hundred day moving average price of $1,016.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $108.30 billion, a P/E ratio of 70.68, a PEG ratio of 1.56 and a beta of 0.99. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, beating analysts' consensus estimates of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the prior year, the company earned $9.91 EPS. Equinix's revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Research analysts forecast that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be given a dividend of $5.16 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. Equinix's payout ratio is presently 132.90%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Weiss Ratings raised Equinix from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. Mizuho raised their target price on shares of Equinix from $1,165.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Thursday, May 7th. Evercore reissued an "outperform" rating and set a $1,240.00 price target on shares of Equinix in a research report on Tuesday, April 28th. The Goldman Sachs Group upped their price objective on shares of Equinix from $894.00 to $1,015.00 and gave the company a "neutral" rating in a research report on Thursday, April 30th. Finally, Oppenheimer reissued an "outperform" rating and issued a $1,200.00 price target on shares of Equinix in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,202.20.

Insider Activity at Equinix

In other Equinix news, EVP Raouf Abdel sold 2,040 shares of the business's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the transaction, the executive vice president owned 5,728 shares in the company, valued at $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher B. Paisley sold 4,000 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the completion of the sale, the director directly owned 13,859 shares of the company's stock, valued at approximately $14,126,201.52. The trade was a 22.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 9,766 shares of company stock valued at $10,297,916. Corporate insiders own 0.27% of the company's stock.

Equinix 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.

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