Alpine Woods Capital Investors LLC Takes Position in Equinix, Inc. $EQIX

Key Points

• Alpine Woods Capital Investors bought 6,977 Equinix shares worth approximately $7.3 million, making the data-center REIT its 14th-largest holding. Institutional investors collectively own 94.94% of the company.
• Analysts maintain a broadly positive outlook, with Equinix receiving a consensus “Moderate Buy” rating and an average price target of $1,203.40.
• Equinix reported quarterly revenue of $2.62 billion, up 16.4% year over year, and earnings of $11.78 per share, beating estimates. The company also declared a quarterly dividend of $5.16 per share, equivalent to a 1.9% annual yield.

Alpine Woods Capital Investors LLC bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,977 shares of the financial services provider's stock, valued at approximately $7,273,000. Equinix makes up approximately 1.6% of Alpine Woods Capital Investors LLC's investment portfolio, making the stock its 14th largest holding.

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

Analyst Ratings Changes

EQIX has been the topic of several analyst reports. Scotiabank restated a "sector perform" rating and set a $1,208.00 price objective on shares of Equinix in a report on Thursday, July 30th. Raymond James Financial upgraded Equinix from a "market perform" rating to a "strong-buy" rating and set a $1,250.00 target price for the company in a research note on Thursday, April 30th. Citigroup reissued a "market outperform" rating on shares of Equinix in a research report on Tuesday, August 4th. BTIG Research started coverage on shares of Equinix in a research note on Friday, July 10th. They issued a "buy" rating and a $1,210.00 price target for the company. Finally, The Goldman Sachs Group upped their price target on shares of Equinix from $894.00 to $1,015.00 and gave the company a "neutral" rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Equinix has a consensus rating of "Moderate Buy" and a consensus price target of $1,203.40.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 125 shares of the firm's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total value of $137,947.50. Following the transaction, the director directly owned 13,734 shares in the company, valued at approximately $15,156,567.72. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a filing 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, EVP Raouf Abdel sold 2,040 shares of Equinix stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the completion of the transaction, the executive vice president directly owned 5,728 shares of the company's stock, valued at $6,206,116.16. This trade represents a 26.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 9,891 shares of company stock valued at $10,435,864. Company insiders own 0.27% of the company's stock.

Equinix Trading Down 1.1%

NASDAQ:EQIX opened at $1,085.09 on Wednesday. The company has a market cap of $107.07 billion, a PE ratio of 69.87, a P/E/G ratio of 1.56 and a beta of 0.99. The business's 50 day moving average is $1,050.91 and its two-hundred day moving average is $1,018.57. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a 52 week low of $720.62 and a 52 week 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 return on equity of 10.76% and a net margin of 15.64%.The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the business earned $9.91 EPS. The business's quarterly revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, analysts predict that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

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

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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