CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Has $3.18 Million Stock Position in Equinix, Inc. $EQIX

Key Points

• CUSHING ASSET MANAGEMENT LP increased its stake in Equinix, Inc. by 33.3%, owning 4,000 shares worth approximately $3.18 million following the acquisition of an additional 1,000 shares.
• Equinix's recent quarterly earnings report showed an impressive $9.91 EPS, significantly surpassing analyst expectations, and a 4.5% year-over-year revenue growth with total earnings of $2.26 billion.
• Analysts have updated their price targets for Equinix, with some reducing their forecasts significantly; however, the stock maintains a consensus rating of "Buy" with an average price target of $962.52.

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 33.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,000 shares of the financial services provider's stock after buying an additional 1,000 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings in Equinix were worth $3,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Truist Financial Corp boosted its stake in Equinix by 8.2% during the 1st quarter. Truist Financial Corp now owns 52,301 shares of the financial services provider's stock valued at $42,643,000 after purchasing an additional 3,981 shares during the period. Elliott Investment Management L.P. bought a new stake in Equinix during the 1st quarter valued at approximately $122,302,000. Nisa Investment Advisors LLC raised its holdings in Equinix by 71.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 74,434 shares of the financial services provider's stock valued at $60,690,000 after acquiring an additional 31,073 shares in the last quarter. First United Bank & Trust acquired a new position in Equinix in the 1st quarter valued at approximately $451,000. Finally, Partners Group Holding AG raised its holdings in Equinix by 10.6% in the 1st quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider's stock valued at $42,225,000 after acquiring an additional 4,968 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Insider Activity

In other Equinix news, Director Christopher B. Paisley sold 75 shares of Equinix 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 transaction, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Raouf Abdel sold 404 shares of Equinix stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the transaction, the executive vice president owned 6,378 shares in the company, valued at approximately $4,918,139.58. This represents a 5.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

EQIX has been the subject of several recent research reports. Cowen reaffirmed a "buy" rating on shares of Equinix in a report on Thursday, July 3rd. Stifel Nicolaus cut their price target on Equinix from $1,050.00 to $1,010.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Barclays upped their price target on Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. The Goldman Sachs Group cut their price target on Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Finally, Bank of America dropped their target price on Equinix from $1,000.00 to $950.00 and set a "buy" rating for the company in a report on Thursday, June 26th. 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. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $962.52.

Equinix Trading Up 0.9%

Shares of NASDAQ:EQIX traded up $6.82 during midday trading on Monday, hitting $798.07. The company had a trading volume of 513,589 shares, compared to its average volume of 437,920. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The stock has a market cap of $78.10 billion, a price-to-earnings ratio of 78.17, a PEG ratio of 1.41 and a beta of 0.92. The firm has a fifty day simple moving average of $782.16 and a 200 day simple moving average of $817.74.

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

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th were issued a dividend of $4.69 per share. The ex-dividend date was Wednesday, August 20th. This represents a $18.76 annualized dividend and a yield of 2.4%. Equinix's payout ratio 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.