Boothbay Fund Management LLC Increases Stock Holdings in Equinix, Inc. $EQIX

Key Points

• Boothbay Fund Management LLC raised its position in Equinix, Inc. by 2.9%, acquiring an additional 781 shares, which now totals 27,475 shares valued at approximately $22.4 million.
• In the most recent earnings report, Equinix reported earnings per share of $9.91, significantly exceeding the consensus estimate of $3.49, and a revenue of $2.26 billion for the quarter.
• The company's quarterly dividend of $4.69 per share is set to be paid on September 17th, with an annualized payout of $18.76, yielding a 2.5% return.

Boothbay Fund Management LLC boosted its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,475 shares of the financial services provider's stock after purchasing an additional 781 shares during the quarter. Equinix comprises about 0.6% of Boothbay Fund Management LLC's holdings, making the stock its 12th biggest position. Boothbay Fund Management LLC's holdings in Equinix were worth $22,402,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Truist Financial Corp lifted its position in Equinix by 8.2% in the 1st quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider's stock valued at $42,643,000 after acquiring an additional 3,981 shares in the last quarter. Elliott Investment Management L.P. purchased a new stake in shares of Equinix in the first quarter worth approximately $122,302,000. Nisa Investment Advisors LLC lifted its holdings in shares of Equinix by 71.7% in the first 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 in the last quarter. First United Bank & Trust purchased a new position in shares of Equinix during the first quarter valued at approximately $451,000. Finally, Partners Group Holding AG boosted its position in shares of Equinix by 10.6% during the first quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider's stock valued at $42,225,000 after buying an additional 4,968 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on EQIX. Wall Street Zen cut Equinix from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Truist Financial raised their price target on shares of Equinix from $904.00 to $961.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Bank of America reduced their price objective on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Wolfe Research lowered shares of Equinix from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Finally, Dbs Bank upgraded Equinix to a "moderate buy" rating in a research note on Wednesday, August 6th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $962.52.

Insider Transactions at Equinix

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the sale, the director owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.27% of the stock is currently owned by insiders.

Equinix Stock Performance

Equinix stock traded down $8.17 during trading on Monday, hitting $765.51. The stock had a trading volume of 462,033 shares, compared to its average volume of 608,880. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock's 50 day moving average is $780.36 and its two-hundred day moving average is $826.81. The stock has a market cap of $74.91 billion, a price-to-earnings ratio of 74.98, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping the consensus estimate of $3.49 by $6.42. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. Equinix's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, analysts predict that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th will be paid a $4.69 dividend. This represents a $18.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's dividend payout ratio (DPR) is currently 183.74%.

Equinix Company 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.