Warwick Investment Management Inc. Takes Position in Equinix, Inc. $EQIX

Key Points

• Warwick Investment Management Inc. has acquired a position in Equinix, Inc., purchasing 459 shares valued at approximately $374,000 in the first quarter, amidst significant interest from other institutional investors.
• Equinix's stock has received various analyst upgrades, with the average target price rising to $962.52, and the stock currently holds a consensus rating of "Buy" among analysts.
• The company recently reported quarterly earnings of $9.91 per share, significantly exceeding analysts' expectations, and has declared a dividend of $4.69 per share due to be paid on September 17th.

Warwick Investment Management Inc. bought a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 459 shares of the financial services provider's stock, valued at approximately $374,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinney & Scofield Inc. acquired a new stake in shares of Equinix in the 4th quarter valued at $28,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Equinix in the 1st quarter valued at $30,000. Whipplewood Advisors LLC boosted its stake in shares of Equinix by 127.8% in the 1st quarter. Whipplewood Advisors LLC now owns 41 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 23 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Equinix by 40.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 12 shares in the last quarter. Finally, Pacific Center for Financial Services boosted its stake in shares of Equinix by 65.2% in the 4th quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Equinix Trading Down 0.0%

NASDAQ:EQIX traded down $0.16 on Friday, hitting $786.19. 321,930 shares of the stock were exchanged, compared to its average volume of 398,050. The stock has a market capitalization of $76.94 billion, a price-to-earnings ratio of 77.00, a P/E/G ratio of 1.40 and a beta of 0.90. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $994.03. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The company's 50-day moving average price is $786.16 and its 200 day moving average price is $833.14.

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

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be issued a dividend of $4.69 per share. This represents a $18.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, August 20th. Equinix's payout ratio is currently 183.74%.

Analysts Set New Price Targets

EQIX has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Equinix from $970.00 to $990.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Wolfe Research cut Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. The Goldman Sachs Group cut their price target on Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Scotiabank cut their price target on Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a report on Thursday, June 26th. Finally, Barclays lifted their price target on Equinix from $798.00 to $804.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Equinix currently has an average rating of "Buy" and a consensus price target of $962.52.

Insider Activity

In other news, CEO Adaire Fox-Martin sold 2,949 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total value of $2,609,599.59. Following the completion of the sale, the chief executive officer directly owned 9,615 shares of the company's stock, valued at $8,508,409.65. This represents a 23.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the sale, the director directly owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

About Equinix

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.