Engineers Gate Manager LP Buys 14,482 Shares of Equinix, Inc. $EQIX

Engineers Gate Manager LP raised its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 116.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,947 shares of the financial services provider's stock after purchasing an additional 14,482 shares during the period. Engineers Gate Manager LP's holdings in Equinix were worth $28,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EQIX. Brighton Jones LLC grew its stake in Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock valued at $307,000 after buying an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Equinix by 11.5% during the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider's stock worth $425,000 after acquiring an additional 54 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Equinix by 21.8% during the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider's stock worth $2,487,000 after acquiring an additional 546 shares in the last quarter. Schnieders Capital Management LLC. bought a new position in shares of Equinix in the second quarter worth $231,000. Finally, Brown Advisory Inc. raised its stake in shares of Equinix by 2.8% during the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider's stock valued at $854,000 after purchasing an additional 29 shares during the period. Institutional investors own 94.94% of the company's stock.

Equinix Stock Performance

NASDAQ EQIX opened at $1,043.06 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68. The stock's fifty day moving average is $1,043.48 and its two-hundred day moving average is $1,038.86. The firm has a market capitalization of $102.92 billion, a P/E ratio of 67.16, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99.

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

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be given a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix's dividend payout ratio (DPR) is presently 132.90%.

Wall Street Analysts Forecast Growth

EQIX has been the topic of a number of recent research reports. TD Cowen increased 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. Citigroup reiterated a "market outperform" rating on shares of Equinix in a research report on Tuesday, August 4th. UBS Group increased their price target on shares of Equinix from $1,210.00 to $1,265.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Evercore reaffirmed an "outperform" rating and set a $1,270.00 price objective on shares of Equinix in a research note on Tuesday, August 18th. Finally, Royal Bank Of Canada upped their target price on shares of Equinix from $1,125.00 to $1,225.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,203.60.

Insider Buying and Selling at Equinix

In related news, Director Christopher B. Paisley sold 125 shares of the business's stock in a transaction on 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 sale, the director owned 13,734 shares in the company, valued at approximately $15,156,567.72. The trade was a 0.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the business's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the sale, the insider owned 2,450 shares in the company, valued at $2,535,774.50. This trade represents a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,770 shares of company stock worth $4,884,197 over the last three months. Insiders own 0.27% of the company's stock.

About Equinix

Equinix, Inc is a global digital infrastructure company that operates data centers and provides interconnection and cloud connectivity services. Its facilities, known as International Business Exchange (IBX) data centers, enable businesses, cloud providers, network operators, financial institutions and other organizations to securely house technology infrastructure and exchange data.

The company's Platform Equinix services include colocation, private and public cloud connectivity, network interconnection, managed infrastructure and digital services.

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