Scientech Research LLC Takes Position in Equinix, Inc. $EQIX

Key Points

• Scientech Research LLC acquired 3,142 shares of Equinix, Inc. valued at approximately $2,562,000, making it the firm's 5th largest position.
• Equinix recently reported quarterly earnings of $9.91 EPS, surpassing analysts' expectations of $3.49 EPS, with a revenue of $2.26 billion.
• The company announced a quarterly dividend of $4.69 per share, reflecting an annualized yield of 2.4%, with an ex-dividend date on August 20th.

Scientech Research LLC acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,142 shares of the financial services provider's stock, valued at approximately $2,562,000. Equinix makes up 0.7% of Scientech Research LLC's investment portfolio, making the stock its 5th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truist Financial Corp raised its stake in shares of Equinix by 8.2% during the 1st quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider's stock worth $42,643,000 after purchasing an additional 3,981 shares in the last quarter. Elliott Investment Management L.P. acquired a new stake in Equinix in the 1st quarter valued at about $122,302,000. Nisa Investment Advisors LLC lifted its stake in Equinix by 71.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider's stock valued at $60,690,000 after purchasing an additional 31,073 shares during the last quarter. First United Bank & Trust acquired a new stake in Equinix in the 1st quarter valued at about $451,000. Finally, Partners Group Holding AG lifted its stake in Equinix by 10.6% in the 1st 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 last quarter. Institutional investors own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

EQIX has been the subject of several recent analyst reports. Dbs Bank upgraded shares of Equinix to a "moderate buy" rating in a research note on Wednesday, August 6th. Barclays raised their target price on shares of Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 20th. Guggenheim initiated coverage on shares of Equinix in a research note on Thursday, July 10th. They issued a "buy" rating and a $933.00 target price for the company. The Goldman Sachs Group cut their target price on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Equinix from $935.00 to $940.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Five analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $962.52.

Equinix Stock Performance

NASDAQ EQIX traded down $7.72 on Friday, reaching $789.76. The stock had a trading volume of 81,651 shares, compared to its average volume of 602,467. The firm has a fifty day moving average of $779.35 and a two-hundred day moving average of $824.33. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The company has a market cap of $77.29 billion, a P/E ratio of 77.38, a price-to-earnings-growth ratio of 1.39 and a beta of 0.92. 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 - Get Free Report) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the business posted $9.22 EPS. The business's revenue was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, equities research analysts anticipate that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be given a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, August 20th. Equinix's dividend payout ratio is presently 183.74%.

Insider Buying and Selling

In other news, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the transaction, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the transaction, the executive vice president owned 6,378 shares of the company's stock, valued at $4,918,139.58. The trade was a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Equinix 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.