Equinix, Inc. $EQIX Shares Acquired by Nicollet Investment Management Inc.

Nicollet Investment Management Inc. boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 13.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,889 shares of the financial services provider’s stock after buying an additional 927 shares during the quarter. Equinix comprises approximately 2.4% of Nicollet Investment Management Inc.’s investment portfolio, making the stock its 12th largest holding. Nicollet Investment Management Inc.’s holdings in Equinix were worth $7,980,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in EQIX. Elevation Wealth Partners LLC increased its position in Equinix by 166.7% during 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 during the period. Avion Wealth lifted its position in shares of Equinix by 73.3% in the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 11 shares during the period. Physician Wealth Advisors Inc. lifted its position in shares of Equinix by 266.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 24 shares during the period. Trust Co. of Vermont bought a new stake in shares of Equinix in the 2nd quarter valued at $34,000. Finally, Bogart Wealth LLC boosted its stake in shares of Equinix by 233.3% in the 1st quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 28 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Transactions at Equinix

In other news, insider Kurt Pletcher sold 135 shares of the business’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 completion of the sale, the insider directly owned 4,077 shares of the company’s stock, valued at $4,384,813.50. The trade was a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher Paisley sold 125 shares of the company’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 completion of the sale, the director owned 13,734 shares in the company, valued at $15,156,567.72. This represents a 0.90% 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 a total of 4,770 shares of company stock valued at $4,884,197 over the last three months. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Down 2.0%

EQIX stock traded down $20.28 during trading on Wednesday, reaching $999.12. 171,971 shares of the stock were exchanged, compared to its average volume of 584,341. The firm’s 50 day moving average is $1,041.91 and its 200 day moving average is $1,049.48. The firm has a market cap of $98.58 billion, a P/E ratio of 64.35, a price-to-earnings-growth ratio of 1.48 and a beta of 0.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68.

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

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th were issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is currently 132.90%.

Analysts Set New Price Targets

EQIX has been the subject of several recent analyst reports. Truist Financial increased their price objective on shares of Equinix from $1,215.00 to $1,220.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. HSBC dropped their target price on shares of Equinix from $1,400.00 to $1,380.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. BNP Paribas Exane cut their price target on shares of Equinix from $1,222.00 to $1,219.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Sanford C. Bernstein upped their price target on shares of Equinix from $1,222.00 to $1,270.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Finally, Rothschild & Co Redburn started coverage on Equinix in a report on Monday, September 21st. They set a “buy” rating and a $1,261.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,206.55.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.

The company’s services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.