Pallas Capital Advisors LLC Makes New $284,000 Investment in Equinix, Inc. $EQIX

Key Points

• Pallas Capital Advisors LLC has acquired 357 shares of Equinix, Inc. (NASDAQ: EQIX) valued at approximately $284,000 in the second quarter.
• Several institutional investors have significantly increased their stakes in Equinix, with GAMMA Investing LLC increasing theirs by 82,340.9% in the first quarter.
• Equinix recently declared a quarterly dividend of $4.69 per share, reflecting an annualized yield of 2.4% with a payout ratio of 183.74%.

Pallas Capital Advisors LLC bought a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 357 shares of the financial services provider's stock, valued at approximately $284,000.

A number of other large investors have also recently modified their holdings of the business. StrongBox Wealth LLC boosted its position in shares of Equinix by 1.5% during the 2nd quarter. StrongBox Wealth LLC now owns 1,654 shares of the financial services provider's stock valued at $1,316,000 after acquiring an additional 24 shares during the last quarter. Czech National Bank boosted its position in shares of Equinix by 7.0% during the 2nd quarter. Czech National Bank now owns 23,910 shares of the financial services provider's stock valued at $19,020,000 after acquiring an additional 1,555 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Equinix by 2.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 836 shares of the financial services provider's stock valued at $665,000 after acquiring an additional 16 shares during the last quarter. Paladin Wealth LLC boosted its position in shares of Equinix by 22.2% during the 2nd quarter. Paladin Wealth LLC now owns 808 shares of the financial services provider's stock valued at $643,000 after acquiring an additional 147 shares during the last quarter. Finally, NBC Securities Inc. boosted its position in shares of Equinix by 2.3% during the 2nd quarter. NBC Securities Inc. now owns 5,016 shares of the financial services provider's stock valued at $3,990,000 after acquiring an additional 112 shares during the last quarter. Institutional investors own 94.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EQIX shares. BMO Capital Markets downgraded Equinix from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Wolfe Research downgraded Equinix from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Wells Fargo & Company dropped their target price on Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a research report on Thursday, June 26th. Mizuho dropped their target price on Equinix from $1,069.00 to $900.00 and set an "outperform" rating for the company in a research report on Tuesday, July 1st. Finally, Guggenheim assumed coverage on Equinix in a research report on Thursday, July 10th. They issued a "buy" rating and a $933.00 target price for the company. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $962.52.

Insider Activity at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director directly owned 17,832 shares of the company's stock, valued at approximately $13,935,708. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Raouf Abdel sold 404 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the sale, the executive vice president directly owned 6,378 shares in the company, valued at approximately $4,918,139.58. The trade was a 5.96% 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 insiders.

Equinix Trading Up 0.9%

Shares of EQIX traded up $6.82 during mid-day trading on Monday, hitting $798.07. 513,589 shares of the company's stock traded hands, compared to its average volume of 437,920. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The firm has a market capitalization of $78.10 billion, a P/E ratio of 78.17, a PEG ratio of 1.41 and a beta of 0.92. The business's 50-day moving average price is $781.41 and its 200-day moving average price is $818.17.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the previous year, the firm earned $9.22 earnings per share. The business's revenue was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, sell-side analysts forecast that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

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