Trillium Asset Management LLC Takes $18.89 Million Position in Equinix, Inc. $EQIX

Key Points

• Trillium Asset Management acquired 18,120 Equinix shares worth approximately $18.89 million in the second quarter. Institutional investors now own 94.94% of the company’s stock.
• Equinix reported quarterly earnings of $11.78 per share, beating estimates of $4.73, while revenue rose 16.4% year over year to $2.62 billion.
• The company declared a quarterly dividend of $5.16 per share, equivalent to an annualized dividend of $20.64 and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $1,203.40.

Trillium Asset Management LLC acquired a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,120 shares of the financial services provider's stock, valued at approximately $18,891,000.

A number of other institutional investors also recently bought and sold shares of the stock. Altman Advisors Inc. bought a new position in shares of Equinix during the second quarter valued at approximately $2,066,000. Vise Technologies Inc. purchased a new stake in shares of Equinix during the second quarter worth about $3,842,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Equinix in the 2nd quarter worth $16,327,000. E Fund Management Co. Ltd. purchased a new stake in Equinix in the second quarter valued at $384,000. Finally, MSH Capital Advisors LLC acquired a new stake in Equinix during the second quarter valued at $387,000. 94.94% of the stock is currently owned by institutional investors.

Equinix Stock Up 0.5%

Shares of NASDAQ EQIX opened at $1,082.61 on Friday. The stock has a market capitalization of $106.82 billion, a price-to-earnings ratio of 69.71, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The firm has a 50-day moving average price of $1,052.47 and a 200 day moving average price of $1,022.18. 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 released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, beating the consensus estimate of $4.73 by $7.05. The firm 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%.Equinix's quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the business posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities research analysts anticipate that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.9%. Equinix's dividend payout ratio (DPR) is currently 132.90%.

Insider Transactions at Equinix

In other Equinix news, Director Christopher B. Paisley sold 4,000 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the completion of the transaction, the director directly owned 13,859 shares in the company, valued at approximately $14,126,201.52. This trade represents a 22.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the transaction, the insider owned 6,132 shares of the company's stock, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 7,986 shares of company stock valued at $8,370,777 in the last 90 days. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EQIX shares. Barclays raised their price objective on Equinix from $1,109.00 to $1,130.00 and gave the company an "equal weight" rating in a report on Wednesday, July 1st. Scotiabank reaffirmed a "sector perform" rating and set a $1,208.00 price objective on shares of Equinix in a research report on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on shares of Equinix from $1,100.00 to $1,200.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. HSBC reaffirmed a "buy" rating and set a $1,400.00 price objective on shares of Equinix in a research report on Friday, August 14th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $1,235.00 price target on shares of Equinix in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,203.40.

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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