8,626 Shares in Equinix, Inc. $EQIX Acquired by Caisse de depot et placement du Quebec

Key Points

• Caisse de dépôt et placement du Québec acquired 8,626 Equinix shares worth approximately $8.99 million in the second quarter. Institutional investors now own 94.94% of the company.
• Equinix reported strong quarterly results, with revenue rising 16.4% year over year to $2.62 billion and earnings per share of $11.78, substantially above analyst expectations.
• The company declared a quarterly dividend of $5.16 per share, equal to an annualized $20.64 and a 2.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $1,203.40.

Caisse de depot et placement du Quebec purchased a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,626 shares of the financial services provider's stock, valued at approximately $8,992,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Elevation Wealth Partners LLC lifted its holdings in shares of Equinix by 166.7% in the second 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 in the last quarter. Avion Wealth increased its stake in shares of Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider's stock worth $25,000 after purchasing an additional 11 shares in the last quarter. Physician Wealth Advisors Inc. grew 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 purchasing an additional 24 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of Equinix during the second quarter valued at about $34,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Equinix in the 4th quarter worth approximately $30,000. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Equinix

In other Equinix news, 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 transaction, the insider directly owned 4,077 shares in the company, valued at approximately $4,384,813.50. The trade was a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 stock was sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the transaction, the director owned 13,859 shares in the company, valued at approximately $14,126,201.52. This trade represents a 22.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,986 shares of company stock worth $8,370,777 over the last quarter. Insiders own 0.27% of the company's stock.

Equinix Price Performance

EQIX stock opened at $1,044.41 on Friday. The company has a 50-day moving average price of $1,050.60 and a 200 day moving average price of $1,031.29. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market cap of $103.05 billion, a PE ratio of 67.25, a P/E/G ratio of 1.48 and a beta of 0.99.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results 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 business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The business's revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $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 year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $5.16 per share. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. Equinix's dividend payout ratio (DPR) is currently 132.90%.

Analyst Ratings Changes

Several research analysts recently issued reports on EQIX shares. Guggenheim reiterated a "buy" rating and issued a $1,235.00 target price on shares of Equinix in a research report on Wednesday, May 20th. Stifel Nicolaus upped their price objective on shares of Equinix from $1,250.00 to $1,265.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Truist Financial increased their price objective on shares of Equinix from $1,215.00 to $1,220.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Barclays increased their price objective on shares of Equinix from $1,109.00 to $1,130.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 1st. Finally, Scotiabank reissued a "sector perform" rating and set a $1,208.00 price target on shares of Equinix in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,203.40.

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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