Equinix, Inc. $EQIX Shares Purchased by M&G PLC

M&G PLC boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 7.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 322,525 shares of the financial services provider’s stock after purchasing an additional 21,209 shares during the period. Equinix comprises approximately 1.4% of M&G PLC’s portfolio, making the stock its 17th largest position. M&G PLC owned 0.33% of Equinix worth $256,407,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in EQIX. Elliott Investment Management L.P. purchased a new stake in shares of Equinix in the 1st quarter valued at $122,302,000. Gradient Investments LLC grew its position in Equinix by 19.4% in the 2nd quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider’s stock valued at $19,635,000 after acquiring an additional 4,015 shares in the last quarter. Partners Group Holding AG increased its stake in Equinix by 10.6% during the first quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider’s stock worth $42,225,000 after purchasing an additional 4,968 shares during the period. Focus Partners Wealth lifted its position in shares of Equinix by 19.4% during the first quarter. Focus Partners Wealth now owns 2,573 shares of the financial services provider’s stock worth $2,098,000 after purchasing an additional 418 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Equinix by 13.5% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 485,538 shares of the financial services provider’s stock valued at $386,231,000 after purchasing an additional 57,630 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Equinix

In other news, insider Brandi Galvin Morandi sold 100 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $840.47, for a total value of $84,047.00. Following the completion of the transaction, the insider owned 8,277 shares in the company, valued at approximately $6,956,570.19. This represents a 1.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Christopher B. Paisley sold 75 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the completion of the transaction, the director directly owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 579 shares of company stock valued at $454,188 over the last three months. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD Cowen increased their target price on shares of Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equinix in a research report on Wednesday, October 8th. Dbs Bank upgraded Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. Cowen reissued a “buy” rating on shares of Equinix in a research note on Thursday, October 30th. Finally, Zacks Research upgraded Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $960.76.

Equinix Price Performance

Equinix stock opened at $821.04 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29. The company has a fifty day simple moving average of $802.40 and a 200-day simple moving average of $818.09. The stock has a market cap of $80.61 billion, a P/E ratio of 75.19, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a return on equity of 7.74% and a net margin of 11.82%.Equinix’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $9.05 earnings per share. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Equities analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be paid a dividend of $4.69 per share. The ex-dividend date is Wednesday, November 19th. This represents a $18.76 annualized dividend and a yield of 2.3%. Equinix’s payout ratio is presently 171.79%.

Equinix Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.