Azzad Asset Management Inc. ADV Boosts Holdings in Equinix, Inc. $EQIX

Azzad Asset Management Inc. ADV boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 19.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,018 shares of the financial services provider’s stock after acquiring an additional 977 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Equinix were worth $5,899,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Douglas Lane & Associates LLC grew its holdings in Equinix by 3.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock valued at $85,833,000 after purchasing an additional 4,241 shares during the period. Vanderbilt University raised its stake in shares of Equinix by 65.9% in the fourth quarter. Vanderbilt University now owns 10,298 shares of the financial services provider’s stock valued at $7,890,000 after buying an additional 4,089 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Equinix by 6.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock valued at $40,043,000 after buying an additional 3,108 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of Equinix by 141.1% during the 4th quarter. Perigon Wealth Management LLC now owns 3,178 shares of the financial services provider’s stock worth $2,435,000 after acquiring an additional 1,860 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. grew its stake in shares of Equinix by 305.7% during the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 11,766 shares of the financial services provider’s stock worth $9,015,000 after acquiring an additional 8,866 shares during the period. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Equinix

In other news, EVP Raouf Abdel sold 2,040 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the transaction, the executive vice president owned 5,728 shares in the company, valued at approximately $6,206,116.16. This trade represents a 26.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Charles J. Meyers sold 5,224 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the sale, the chairman directly owned 7,370 shares of the company’s stock, valued at $7,998,145.10. The trade was a 41.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 11,115 shares of company stock valued at $12,022,574. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. 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 report on Thursday, May 7th. Citigroup lifted their target price on shares of Equinix from $1,240.00 to $1,260.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Evercore reissued an “outperform” rating and issued a $1,240.00 price target on shares of Equinix in a research report on Tuesday, April 28th. Guggenheim reaffirmed a “buy” rating and issued a $1,235.00 price objective on shares of Equinix in a report on Wednesday, May 20th. Finally, Morgan Stanley lifted their price objective on shares of Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Monday, April 13th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,153.38.

Equinix Stock Performance

Shares of EQIX opened at $1,034.87 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The company has a market cap of $102.06 billion, a PE ratio of 71.62, a price-to-earnings-growth ratio of 1.89 and a beta of 0.98. The stock has a 50-day moving average price of $1,066.92 and a 200-day moving average price of $967.02.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, equities analysts forecast that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th were paid a dividend of $5.16 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. Equinix’s dividend payout ratio (DPR) is 142.84%.

About Equinix

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.