Polar Asset Management Partners Inc. acquired a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,700 shares of the financial services provider's stock, valued at approximately $12,196,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Jupiter Topco LLC purchased a new stake in Equinix during the second quarter worth approximately $115,678,000. Wedbush Fund Advisers LLC purchased a new position in Equinix in the second quarter valued at approximately $709,000. Hsbc Holdings PLC purchased a new position in Equinix in the second quarter valued at approximately $490,135,000. EFG International AG acquired a new stake in Equinix during the second quarter worth approximately $59,000. Finally, Ancora Advisors LLC acquired a new stake in Equinix during the second quarter worth approximately $358,000. Institutional investors and hedge funds own 94.94% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on EQIX. Truist Financial upped their target price on shares of Equinix from $1,215.00 to $1,220.00 and gave the company a "buy" rating in a report on Friday, July 31st. The Goldman Sachs Group lifted their price target on shares of Equinix from $894.00 to $1,015.00 and gave the stock a "neutral" rating in a research note on Thursday, April 30th. Mizuho upped 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. JPMorgan Chase & Co. lifted their target price on Equinix from $1,100.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Finally, UBS Group upped their target price on Equinix from $1,210.00 to $1,265.00 and gave the company a "buy" rating in a research 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's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,203.40.
View Our Latest Stock Analysis on Equinix
Equinix Price Performance
Shares of NASDAQ:EQIX opened at $1,073.44 on Wednesday. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The company has a 50-day moving average price of $1,052.05 and a 200 day moving average price of $1,027.67. The company has a market cap of $105.92 billion, a P/E ratio of 69.12, a PEG ratio of 1.50 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.
Equinix (NASDAQ:EQIX - Get Free Report) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.73 by $7.05. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Research analysts predict that Equinix, Inc. will post 38.23 earnings per share for the current year.
Equinix Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be given a $5.16 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 1.9%. Equinix's dividend payout ratio is presently 132.90%.
Insiders Place Their Bets
In other news, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the transaction, the insider owned 6,132 shares in the company, valued at $6,600,239.52. This trade represents a 37.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the sale, the insider directly owned 4,077 shares in the company, valued at approximately $4,384,813.50. This represents a 3.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 7,986 shares of company stock worth $8,370,777. 0.27% of the stock is owned by corporate insiders.
Equinix Company Profile
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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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