Gagnon Securities LLC Raises Stake in Equinix, Inc. $EQIX

Key Points

• Gagnon Securities LLC increased its stake in Equinix, Inc. by 28.0%, owning 17,392 shares valued at approximately $13.8 million.
• Equinix reported a strong earnings performance with $9.91 earnings per share for the last quarter, significantly exceeding estimates.
• Analysts have mixed views on Equinix, with a range of price targets from $880 to $1,200, indicating a general optimism about the stock's future performance.

Gagnon Securities LLC grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 28.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,392 shares of the financial services provider's stock after purchasing an additional 3,802 shares during the period. Equinix makes up about 2.8% of Gagnon Securities LLC's holdings, making the stock its 11th largest position. Gagnon Securities LLC's holdings in Equinix were worth $13,835,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in EQIX. Cornerstone Planning Group LLC boosted its holdings in Equinix by 40.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock worth $34,000 after acquiring an additional 12 shares during the period. Signaturefd LLC boosted its holdings in Equinix by 0.8% in the 1st quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock worth $1,182,000 after acquiring an additional 12 shares during the period. AE Wealth Management LLC boosted its stake in shares of Equinix by 5.1% during the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock valued at $202,000 after buying an additional 12 shares during the last quarter. Gitterman Wealth Management LLC boosted its stake in shares of Equinix by 5.0% during the 1st quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider's stock valued at $206,000 after buying an additional 12 shares during the last quarter. Finally, Griffin Asset Management Inc. boosted its stake in shares of Equinix by 0.7% during the 1st quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider's stock valued at $1,444,000 after buying an additional 13 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Raouf Abdel sold 404 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was 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 of the company's stock, valued at approximately $4,918,139.58. This trade represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the transaction, the director directly owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on EQIX. Guggenheim began coverage on Equinix in a research note on Thursday, July 10th. They set a "buy" rating and a $933.00 target price for the company. JMP Securities reissued a "market outperform" rating and set a $1,200.00 price target on shares of Equinix in a research report on Tuesday, July 22nd. The Goldman Sachs Group dropped their price target on Equinix from $1,020.00 to $880.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. UBS Group dropped their price target on Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. upped their price target on Equinix from $935.00 to $940.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $960.65.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $787.08 on Wednesday. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $994.03. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. The business's fifty day moving average price is $781.62 and its two-hundred day moving average price is $813.44. The firm has a market capitalization of $77.02 billion, a PE ratio of 77.09, a P/E/G ratio of 1.41 and a beta of 0.92.

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

Equinix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th were issued a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, August 20th. Equinix's dividend payout ratio (DPR) is 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.

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