Edmond DE Rothschild Holding S.A. Makes New Investment in Equinix, Inc. $EQIX

Key Points

• Edmond DE Rothschild Holding S.A. initiated a position in Equinix by purchasing 3,269 shares valued at approximately $3.4 million. Institutional investors collectively own 94.94% of EQIX.
• Equinix reported quarterly earnings of $11.78 per share, well above the $4.73 analyst consensus, while revenue rose 16.4% year over year to $2.62 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $1,203.40. Equinix also declared a quarterly dividend of $5.16 per share, representing a 1.9% annualized yield.

Edmond DE Rothschild Holding S.A. bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,269 shares of the financial services provider's stock, valued at approximately $3,408,000.

A number of other large investors have also recently made changes to their positions in EQIX. Vanguard Group Inc. increased its stake in Equinix by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider's stock worth $10,265,706,000 after buying an additional 107,227 shares during the period. BlackRock Inc. purchased a new stake in Equinix in the 2nd quarter valued at about $11,930,074,000. Cohen & Steers Inc. grew its stake in Equinix by 23.3% in the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider's stock worth $1,998,978,000 after acquiring an additional 493,141 shares in the last quarter. Geode Capital Management LLC grew its stake in Equinix by 1.0% in the 4th 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 in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Equinix by 1.4% during the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider's stock worth $1,941,377,000 after acquiring an additional 27,643 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Performance

Shares of EQIX stock opened at $1,077.08 on Thursday. The firm has a market cap of $106.28 billion, a price-to-earnings ratio of 69.35, a PEG ratio of 1.54 and a beta of 0.99. Equinix, Inc. has a 52-week low of $720.62 and a 52-week high of $1,128.68. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company's 50 day moving average is $1,051.68 and its 200 day moving average is $1,020.34.

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

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be paid 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 is Wednesday, August 19th. Equinix's dividend payout ratio is 132.90%.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of research reports. Cantor Fitzgerald boosted their price target on Equinix from $1,186.00 to $1,211.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. JPMorgan Chase & Co. lifted their target price on Equinix from $1,100.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. HSBC reiterated a "buy" rating and issued a $1,400.00 target price on shares of Equinix in a report on Friday, August 14th. Guggenheim reissued a "buy" rating and set a $1,235.00 price target on shares of Equinix in a research report on Wednesday, May 20th. Finally, Wall Street Zen upgraded Equinix from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Two research 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,203.40.

Insider Activity at Equinix

In other Equinix news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total value of $137,947.50. Following the transaction, the director owned 13,734 shares in the company, valued at $15,156,567.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 the firm's 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 sale, the executive vice president owned 5,728 shares in the company, valued at $6,206,116.16. This represents a 26.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,891 shares of company stock valued at $10,435,864 over the last quarter. 0.27% of the stock is owned by corporate insiders.

Equinix Company 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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