Neuberger Berman Group LLC Has $173.13 Million Position in Equinix, Inc. $EQIX

Key Points

• Neuberger Berman raised its stake in Equinix by 3.4% to 221,043 shares worth $173.13 million, as institutional ownership remains very high (~94.94%) with large positions held by Vanguard, JPMorgan and Norges Bank.
• Equinix missed quarterly estimates (EPS $8.91 vs. $9.07; revenue $2.42B vs. $2.46B) despite 7% revenue growth year‑over‑year, and boosted its quarterly dividend to $5.16 (annualized $20.64, ~2.2% yield) though the payout ratio is 150.11%.
• Company credit/financing and insider activity: Moody’s upgraded Equinix to Baa1 and the firm closed a $1.5B senior‑note offering, while insiders sold about 13,602 shares (~$11.37M) in recent months.

Neuberger Berman Group LLC increased its position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 221,043 shares of the financial services provider's stock after buying an additional 7,244 shares during the quarter. Neuberger Berman Group LLC owned 0.23% of Equinix worth $173,129,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EQIX. Norges Bank acquired a new position in Equinix in the 2nd quarter valued at approximately $892,431,000. JPMorgan Chase & Co. grew its holdings in shares of Equinix by 25.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider's stock worth $2,252,094,000 after purchasing an additional 588,967 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Equinix by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 13,129,041 shares of the financial services provider's stock worth $10,443,758,000 after purchasing an additional 222,221 shares in the last quarter. State Street Corp increased its position in shares of Equinix by 3.7% during the second quarter. State Street Corp now owns 6,249,780 shares of the financial services provider's stock valued at $4,971,512,000 after purchasing an additional 220,981 shares during the period. Finally, ABN AMRO Bank N.V. bought a new stake in shares of Equinix during the second quarter valued at approximately $172,581,000. 94.94% of the stock is currently owned by institutional investors.

Equinix Stock Performance

NASDAQ EQIX opened at $936.90 on Friday. The firm has a market cap of $92.05 billion, a price-to-earnings ratio of 68.14, a PEG ratio of 2.45 and a beta of 1.04. The company has a 50 day moving average of $852.09 and a 200-day moving average of $807.23. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.40. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $992.90.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $8.91 earnings per share for the quarter, missing analysts' consensus estimates of $9.07 by ($0.16). The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.46 billion. Equinix had a net margin of 14.65% and a return on equity of 9.60%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $7.92 earnings per share. On average, equities analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current fiscal year.

Equinix Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be paid a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Equinix's previous quarterly dividend of $4.69. The ex-dividend date is Wednesday, February 25th. Equinix's dividend payout ratio is 150.11%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EQIX. Truist Financial raised their target price on Equinix from $973.00 to $1,087.00 and gave the stock a "buy" rating in a research report on Wednesday, February 18th. Jefferies Financial Group boosted their price target on shares of Equinix from $950.00 to $1,000.00 and gave the company a "buy" rating in a report on Thursday, February 12th. Scotiabank restated an "outperform" rating on shares of Equinix in a research note on Thursday, February 12th. Zacks Research downgraded shares of Equinix from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 19th. Finally, Stifel Nicolaus set a $1,075.00 target price on shares of Equinix in a research report on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Equinix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,006.91.

Key Stories Impacting Equinix

Here are the key news stories impacting Equinix this week:

• Positive Sentiment: Sanford C. Bernstein initiated/covered EQIX and set a high price target (strong‑buy / outperform), signaling material upside potential and boosting investor confidence. Bernstein Coverage
• Positive Sentiment: Moody’s upgraded Equinix’s senior unsecured rating to Baa1 with a stable outlook — this improves perceived credit quality and lowers refinancing/credit risk. Moody's Upgrade
• Neutral Sentiment: Equinix closed an offering of $1.5B of senior notes (2031 & 2033 maturities at ~4.40%–4.70%), which secures funding for growth/refinancing but increases long‑term debt load. Investors will weigh use of proceeds vs. added leverage. Senior Notes Close
• Neutral Sentiment: Some outlets reported the note issuance and company filings (additional coverage via TipRanks/FinanzNachrichten), reinforcing the financing story but adding little new information. TipRanks on Notes
• Neutral Sentiment: Reported short‑interest data appears anomalous (shows 0 shares / NaN change); treat that data with caution — no clear shorting pressure signal. Zacks Note on Price Move
• Negative Sentiment: Insider selling: Chairman Charles Meyers sold ~2,716 shares and several execs reportedly sold stock recently. Executive share sales can spook investors even if pre‑planned. Insider Filing

Insiders Place Their Bets

In related news, EVP Raouf Abdel sold 927 shares of the company's stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $801.78, for a total transaction of $743,250.06. Following the transaction, the executive vice president owned 7,337 shares in the company, valued at $5,882,659.86. This represents a 11.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Keith D. Taylor sold 2,051 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $804.17, for a total transaction of $1,649,352.67. Following the sale, the chief financial officer directly owned 26,373 shares in the company, valued at approximately $21,208,375.41. This represents a 7.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,602 shares of company stock valued at $11,369,645 over the last three months. Company insiders own 0.27% of the company's stock.

Equinix 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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