Cookson Peirce & Co. Inc. Buys New Stake in Equinix, Inc. $EQIX

Key Points

• Cookson Peirce & Co. Inc. has acquired a new stake in Equinix, Inc., purchasing 989 shares valued at approximately $787,000 in the second quarter of the year.
• Equinix reported a strong quarterly earnings performance with $9.91 EPS, exceeding analysts' expectations of $3.49 by $6.42, and its revenue reached $2.26 billion.
• The company recently announced a quarterly dividend of $4.69 per share, which represents a 2.3% annual yield and reflects a payout ratio of 183.74%.

Cookson Peirce & Co. Inc. acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 989 shares of the financial services provider's stock, valued at approximately $787,000.

Other institutional investors have also bought and sold shares of the company. Activest Wealth Management lifted its position in Equinix by 121.4% during the first quarter. Activest Wealth Management now owns 31 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 17 shares during the last quarter. Atticus Wealth Management LLC bought a new position in Equinix during the second quarter valued at $29,000. GKV Capital Management Co. Inc. bought a new position in Equinix during the first quarter valued at $30,000. Saudi Central Bank bought a new position in Equinix during the first quarter valued at $31,000. Finally, Quarry LP bought a new position in Equinix during the first quarter valued at $31,000. Institutional investors own 94.94% of the company's stock.

Equinix Price Performance

Equinix stock opened at $829.05 on Thursday. The stock has a market cap of $81.13 billion, a price-to-earnings ratio of 81.20, a price-to-earnings-growth ratio of 1.42 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, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The firm has a 50-day moving average of $789.09 and a two-hundred day moving average of $813.19.

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

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were given a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix's payout ratio is 183.74%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Stifel Nicolaus lowered their price objective on shares of Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Barclays increased their price objective on shares of Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. Scotiabank lowered their target price on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a report on Thursday, June 26th. Daiwa Capital Markets set a $917.00 target price on shares of Equinix and gave the stock an "outperform" rating in a report on Wednesday. Finally, Zacks Research upgraded shares of Equinix from a "hold" rating to a "strong-buy" rating in a report on Friday, October 10th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Equinix currently has an average rating of "Buy" and an average target price of $957.38.

Insider Activity

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction dated 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 sale, the director directly owned 17,832 shares of the company's stock, valued at $13,935,708. The trade was a 0.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the firm's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the transaction, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.