Ninepoint Partners LP Invests $3.32 Million in Equinix, Inc. $EQIX

Ninepoint Partners LP bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the second quarter, HoldingsChannel.com reports. The firm bought 3,185 shares of the financial services provider’s stock, valued at approximately $3,320,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Elevation Wealth Partners LLC raised its position in Equinix by 166.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 15 shares in the last quarter. Avion Wealth increased its holdings in Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after buying an additional 11 shares during the last quarter. Physician Wealth Advisors Inc. raised its stake in Equinix by 266.7% in the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after buying an additional 24 shares in the last quarter. Trust Co. of Vermont purchased a new stake in Equinix during the 2nd quarter worth about $34,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Equinix in the 4th quarter valued at about $30,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EQIX. JPMorgan Chase & Co. boosted their target price on Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. HSBC restated a “buy” rating and issued a $1,400.00 target price on shares of Equinix in a report on Friday, August 14th. Citigroup reissued a “market outperform” rating on shares of Equinix in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,270.00 target price on shares of Equinix in a report on Monday, August 3rd. Finally, BTIG Research assumed coverage on Equinix in a research note on Friday, July 10th. They set a “buy” rating and a $1,210.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,203.40.

Equinix Stock Up 0.5%

Shares of Equinix stock opened at $1,082.61 on Friday. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The company has a market cap of $106.82 billion, a P/E ratio of 69.71, a PEG ratio of 1.53 and a beta of 0.99. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a fifty day moving average of $1,052.47 and a two-hundred day moving average of $1,022.18.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the prior year, the company posted $9.91 earnings per share. Equinix’s quarterly revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, analysts forecast that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Dividend Announcement

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

Insider Buying and Selling

In other Equinix news, insider Kurt Pletcher sold 135 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the transaction, 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 ownership of the stock. 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, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 7,986 shares of company stock valued at $8,370,777. Corporate insiders own 0.27% of the company’s stock.

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.