Tobam Acquires 101 Shares of Equinix, Inc. $EQIX

Tobam boosted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 5,050.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103 shares of the financial services provider’s stock after buying an additional 101 shares during the quarter. Tobam’s holdings in Equinix were worth $82,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elliott Investment Management L.P. acquired a new position in Equinix during the 1st quarter valued at about $122,302,000. Gradient Investments LLC increased its stake in shares of Equinix by 19.4% in the second quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider’s stock worth $19,635,000 after acquiring an additional 4,015 shares during the period. Partners Group Holding AG raised its stake in shares of Equinix by 10.6% during the 1st quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider’s stock valued at $42,225,000 after buying an additional 4,968 shares during the last quarter. Focus Partners Wealth lifted its holdings in Equinix by 19.4% in the first quarter. Focus Partners Wealth now owns 2,573 shares of the financial services provider’s stock valued at $2,098,000 after acquiring an additional 418 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC increased its holdings in 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 buying an additional 57,630 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Trading Down 1.0%

Shares of EQIX opened at $813.24 on Thursday. The firm has a 50-day moving average price of $803.42 and a 200 day moving average price of $818.06. Equinix, Inc. has a 12-month low of $701.41 and a 12-month high of $994.03. 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 firm has a market capitalization of $79.85 billion, a P/E ratio of 74.47, a P/E/G ratio of 1.38 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. The business had revenue of $2.32 billion during 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%.The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $9.05 EPS. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Sell-side analysts forecast that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

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

Wall Street Analysts Forecast Growth

EQIX has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th. Morgan Stanley initiated coverage on shares of Equinix in a research report on Thursday, October 16th. They issued an “overweight” rating and a $950.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of Equinix from $940.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Barclays raised their price target on shares of Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 20th. Finally, BMO Capital Markets set a $900.00 price objective on Equinix and gave the stock a “market perform” rating in a report on Thursday, October 30th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $960.76.

Insider Activity at Equinix

In other Equinix news, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the completion of the transaction, the director directly owned 17,832 shares of the company’s stock, valued at $13,935,708. The trade was a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Raouf Abdel sold 404 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares in the company, valued at approximately $4,918,139.58. The trade was a 5.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 579 shares of company stock worth $454,188 in the last three months. 0.27% of the stock is owned by company insiders.

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.