195,637 Shares in Equinix, Inc. $EQIX Purchased by Bamco Inc. NY

Bamco Inc. NY purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 195,637 shares of the financial services provider's stock, valued at approximately $203,930,000. Bamco Inc. NY owned 0.20% of Equinix as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EQIX. Brighton Jones LLC boosted its stake in shares of Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock valued at $307,000 after purchasing an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Equinix by 11.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider's stock worth $425,000 after acquiring an additional 54 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Equinix by 21.8% in the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider's stock worth $2,487,000 after acquiring an additional 546 shares in the last quarter. Schnieders Capital Management LLC. bought a new stake in Equinix during the 2nd quarter worth approximately $231,000. Finally, Brown Advisory Inc. increased its holdings in Equinix by 2.8% during the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider's stock valued at $854,000 after purchasing an additional 29 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Performance

Equinix stock opened at $1,079.61 on Thursday. The company has a market cap of $106.53 billion, a PE ratio of 69.52, a PEG ratio of 1.52 and a beta of 0.99. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68. The company's 50-day moving average is $1,051.87 and its two-hundred day moving average is $1,029.59.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping the consensus estimate of $4.73 by $7.05. The company had revenue of $2.62 billion during 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%. During the same quarter in the previous 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. Equities analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Announces Dividend

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

Analyst Ratings Changes

EQIX has been the topic of several research analyst reports. HSBC restated a "buy" rating and set a $1,400.00 target price on shares of Equinix in a report on Friday, August 14th. Oppenheimer reiterated an "outperform" rating and set a $1,200.00 price target on shares of Equinix in a research report on Thursday, April 30th. Royal Bank Of Canada increased their price objective on shares of Equinix from $1,125.00 to $1,225.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Scotiabank restated a "sector perform" rating and issued a $1,208.00 price objective on shares of Equinix in a research report on Thursday, July 30th. Finally, Truist Financial boosted their target price on shares of Equinix from $1,215.00 to $1,220.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the 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 Buying and Selling at Equinix

In other news, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the transaction, the insider directly owned 4,077 shares of the company's stock, valued at $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the completion of the transaction, the director directly owned 13,859 shares of the company's stock, valued at $14,126,201.52. This trade represents a 22.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 7,986 shares of company stock valued at $8,370,777. 0.27% of the stock is currently owned by company insiders.

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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