Ceredex Value Advisors LLC Invests $19.20 Million in Equinix, Inc. $EQIX

Ceredex Value Advisors LLC acquired a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,416 shares of the financial services provider's stock, valued at approximately $19,197,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Equinix by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider's stock valued at $10,265,706,000 after acquiring an additional 107,227 shares during the last quarter. BlackRock Inc. purchased a new stake in Equinix during the second quarter valued at about $11,930,074,000. Cohen & Steers Inc. lifted its stake in shares of Equinix by 23.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider's stock valued at $1,998,978,000 after buying an additional 493,141 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Equinix by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider's stock worth $1,959,731,000 after acquiring an additional 25,383 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Equinix by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider's stock worth $1,941,377,000 after purchasing an additional 27,643 shares during the period. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on EQIX. Zacks Research downgraded shares of Equinix from a "strong-buy" rating to a "hold" rating in a report on Friday, May 15th. Raymond James Financial raised 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. TD Cowen lifted their price objective on Equinix from $1,143.00 to $1,166.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Evercore reiterated an "outperform" rating and set a $1,270.00 price target on shares of Equinix in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $1,270.00 price target on shares of Equinix in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,203.40.

Insiders Place Their Bets

In other news, insider Kurt Pletcher sold 135 shares of the company's stock in a transaction dated 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 completion of the sale, the insider owned 4,077 shares of the company's stock, valued at $4,384,813.50. This represents a 3.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the sale, the director directly owned 13,734 shares of the company's stock, valued at approximately $15,156,567.72. This represents a 0.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 7,986 shares of company stock valued at $8,370,777. Company insiders own 0.27% of the company's stock.

Equinix Trading Up 0.5%

Shares of NASDAQ EQIX opened at $1,082.61 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50-day moving average of $1,052.47 and a 200 day moving average of $1,022.18. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68. The stock has a market cap of $106.82 billion, a P/E ratio of 69.71, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping the consensus estimate of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the business posted $9.91 EPS. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, sell-side analysts expect that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders 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 (DPR) is presently 132.90%.

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.

Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source