Global Retirement Partners LLC acquired a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,263 shares of the financial services provider's stock, valued at approximately $3,402,000.
Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Equinix by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider's stock valued at $10,265,706,000 after buying an additional 107,227 shares during the period. Cohen & Steers Inc. lifted its stake in Equinix by 23.3% in the fourth 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 during the period. Geode Capital Management LLC lifted its stake in Equinix by 1.0% in the fourth 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 during the period. Principal Financial Group Inc. grew its holdings in Equinix by 1.4% during the 1st 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 in the last quarter. Finally, Northern Trust Corp grew its holdings in Equinix by 0.6% during the 4th quarter. Northern Trust Corp now owns 1,500,506 shares of the financial services provider's stock worth $1,149,628,000 after acquiring an additional 9,614 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Equinix
In other news, EVP Raouf Abdel sold 2,040 shares of the company's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the transaction, the executive vice president directly owned 5,728 shares of the company's stock, valued at approximately $6,206,116.16. This represents a 26.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher B. Paisley sold 4,000 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the transaction, the director directly owned 13,859 shares in the company, valued at approximately $14,126,201.52. The trade was a 22.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,766 shares of company stock valued at $10,297,916 over the last 90 days. Insiders own 0.27% of the company's stock.
Equinix Price Performance
EQIX opened at $1,102.10 on Monday. The firm has a market capitalization of $108.74 billion, a PE ratio of 70.97, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The business's 50-day moving average is $1,049.70 and its two-hundred day moving average is $1,014.65. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68.
Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating the consensus estimate of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period in the prior year, the firm posted $9.91 earnings per share. The company's quarterly revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Research analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.
Equinix Dividend Announcement
The company 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 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 19th. Equinix's payout ratio is 132.90%.
Analyst Ratings Changes
Several research firms have recently commented on EQIX. BTIG Research started coverage on shares of Equinix in a report on Friday, July 10th. They issued a "buy" rating and a $1,210.00 price target for the company. Mizuho increased their price objective on shares of Equinix from $1,165.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Thursday, May 7th. Zacks Research lowered shares of Equinix from a "strong-buy" rating to a "hold" rating in a report on Friday, May 15th. Wall Street Zen raised shares of Equinix from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Finally, UBS Group upped their target price on Equinix from $1,210.00 to $1,265.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,202.20.
Check Out Our Latest Report on Equinix
About Equinix
(
Free Report)
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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