NFJ Investment Group LLC Buys Shares of 25,377 Equinix, Inc. $EQIX

NFJ Investment Group LLC bought a new stake in Equinix, Inc. (NASDAQ:EQIX) in the second quarter, Holdings Channel.com reports. The institutional investor bought 25,377 shares of the financial services provider’s stock, valued at approximately $26,453,000.

Several other hedge funds and other institutional investors have also modified their holdings of EQIX. Brighton Jones LLC grew its holdings in shares of Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after buying an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in Equinix by 11.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 54 shares in the last quarter. Empowered Funds LLC boosted its position in Equinix by 21.8% during the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after acquiring an additional 546 shares during the period. Schnieders Capital Management LLC. acquired a new stake in Equinix during the 2nd quarter worth about $231,000. Finally, Brown Advisory Inc. grew its stake in Equinix by 2.8% during the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock valued at $854,000 after acquiring an additional 29 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity

In other Equinix news, insider Kurt Pletcher sold 135 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the sale, the insider owned 4,077 shares of the company’s stock, valued at $4,384,813.50. The trade was a 3.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the transaction, the director directly owned 13,734 shares of the company’s stock, valued at $15,156,567.72. The trade was a 0.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 7,986 shares of company stock worth $8,370,777. Company insiders own 0.27% of the company’s stock.

Equinix Stock Up 0.5%

EQIX stock 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. The company has a 50-day moving average of $1,052.47 and a two-hundred day moving average of $1,022.18. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Equinix, Inc. has a 52-week low of $720.62 and a 52-week high of $1,128.68.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping the consensus estimate of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the business posted $9.91 EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, equities research analysts anticipate that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be paid a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, August 19th. Equinix’s payout ratio is currently 132.90%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EQIX shares. Stifel Nicolaus upped their target price on Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a report on Thursday, July 30th. HSBC restated a “buy” rating and set a $1,400.00 price target on shares of Equinix in a report on Friday, August 14th. Citigroup reiterated a “market outperform” rating on shares of Equinix in a research note on Tuesday, August 4th. The Goldman Sachs Group increased their target price on shares of Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, Mizuho lifted their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Equinix presently has an average rating of “Moderate Buy” and an average target price of $1,203.40.

Equinix Company 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.