Equinix, Inc. $EQIX Stock Bought by Ninety One UK Ltd

Ninety One UK Ltd lifted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 85.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,736 shares of the financial services provider’s stock after buying an additional 799 shares during the period. Ninety One UK Ltd’s holdings in Equinix were worth $1,756,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of EQIX. BlackRock Inc. acquired a new stake in Equinix in the second quarter valued at about $11,930,074,000. Principal Financial Group Inc. grew its position in Equinix by 1.4% in the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock valued at $1,941,377,000 after acquiring an additional 27,643 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Equinix by 26,831.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock valued at $1,291,648,000 after acquiring an additional 1,234,521 shares during the last quarter. Legal & General Group Plc acquired a new position in Equinix during the second quarter worth about $1,181,260,000. Finally, Canada Pension Plan Investment Board acquired a new position in Equinix during the second quarter worth about $1,163,662,000. 94.94% of the stock is currently owned by institutional investors.

Equinix Stock Up 0.0%

Shares of EQIX opened at $996.26 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The stock has a market capitalization of $98.30 billion, a price-to-earnings ratio of 64.15, a PEG ratio of 1.42 and a beta of 0.98. The stock has a fifty day moving average of $1,039.57 and a 200-day moving average of $1,049.94.

Equinix (NASDAQ:EQIX) last issued 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. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%. Equinix’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, sell-side analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were given a $5.16 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 2.1%. Equinix’s dividend payout ratio (DPR) is currently 132.90%.

Insider Buying and Selling at Equinix

In other news, insider Michael Paladin sold 307 shares of Equinix stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the sale, the insider directly owned 2,450 shares of the company’s stock, valued at approximately $2,535,774.50. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher Paisley sold 4,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the sale, the director owned 13,859 shares in the company, valued at approximately $14,126,201.52. This trade represents a 22.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 4,770 shares of company stock worth $4,884,197. 0.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. BMO Capital Markets increased their target price on shares of Equinix from $1,225.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Barclays raised their price target on shares of Equinix from $1,130.00 to $1,135.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 8th. Citigroup reaffirmed a “market outperform” rating on shares of Equinix in a report on Tuesday, August 4th. BTIG Research upped their price objective on shares of Equinix from $1,210.00 to $1,240.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Finally, Stifel Nicolaus upped their price objective on shares of Equinix from $1,250.00 to $1,265.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,206.55.

Equinix 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.