Hillsdale Investment Management Inc. Makes New $881,000 Investment in Equinix, Inc. $EQIX

Key Points

• Hillsdale Investment Management opened a new position in Equinix during the fourth quarter, buying 1,150 shares worth about $881,000.
• Equinix reported strong quarterly results, with EPS of $10.79 easily beating estimates, though revenue of $2.44 billion came in slightly below expectations. The company also raised its FY2026 guidance to $42.31-$43.11 EPS.
• The company announced a quarterly dividend of $5.16 per share, payable June 17, while analysts remain broadly positive with a consensus rating of Moderate Buy and an average price target of $1,143.60.

Hillsdale Investment Management Inc. acquired a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,150 shares of the financial services provider's stock, valued at approximately $881,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Equinix by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider's stock worth $10,265,706,000 after acquiring an additional 107,227 shares during the period. JPMorgan Chase & Co. raised its position in Equinix by 25.8% in the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider's stock worth $2,252,094,000 after acquiring an additional 588,967 shares during the period. Geode Capital Management LLC raised its position 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. Legal & General Group Plc raised its position in Equinix by 10.5% in the fourth quarter. Legal & General Group Plc now owns 1,235,674 shares of the financial services provider's stock worth $946,724,000 after acquiring an additional 117,101 shares during the period. Finally, APG Asset Management US Inc. raised its position in Equinix by 0.4% in the third quarter. APG Asset Management US Inc. now owns 1,211,357 shares of the financial services provider's stock worth $937,530,000 after acquiring an additional 5,109 shares during the period. Institutional investors own 94.94% of the company's stock.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $1,050.77 on Tuesday. The company has a 50 day moving average of $1,049.12 and a 200 day moving average of $906.40. The stock has a market cap of $103.63 billion, a P/E ratio of 72.72, a P/E/G ratio of 2.01 and a beta of 0.99. Equinix, Inc. has a 12 month low of $710.52 and a 12 month high of $1,128.68. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating the consensus estimate of $4.30 by $6.49. The company had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. Equinix's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, sell-side analysts forecast that Equinix, Inc. will post 37.72 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be paid a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix's payout ratio is currently 142.84%.

Insiders Place Their Bets

In other Equinix news, Chairman Charles J. Meyers sold 5,224 shares of the business's stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the transaction, the chairman owned 7,370 shares of the company's stock, valued at $7,998,145.10. The trade was a 41.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Raouf Abdel sold 2,040 shares of the business's stock in a transaction that occurred 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 completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 13,769 shares of company stock worth $14,191,079. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Guggenheim reiterated a "buy" rating and issued a $1,235.00 target price on shares of Equinix in a research note on Wednesday, May 20th. Sanford C. Bernstein assumed coverage on shares of Equinix in a research note on Thursday, March 5th. They issued an "outperform" rating and a $1,128.00 target price for the company. Mizuho lifted their target price on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Thursday, May 7th. Jefferies Financial Group lifted their target price on shares of Equinix from $950.00 to $1,000.00 and gave the stock a "buy" rating in a research note on Thursday, February 12th. Finally, Wells Fargo & Company lifted their target price on shares of Equinix from $975.00 to $1,200.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,143.60.

About Equinix

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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