Equinix, Inc. $EQIX Shares Bought by CI Investments Inc.

CI Investments Inc. grew its holdings in Equinix, Inc. (NASDAQ:EQIX) by 3.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 143,997 shares of the financial services provider’s stock after buying an additional 4,693 shares during the quarter. CI Investments Inc.’s holdings in Equinix were worth $141,152,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EQIX. Brighton Jones LLC grew its position in shares of Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 73 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Equinix by 11.5% during the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 54 shares in the last quarter. Empowered Funds LLC lifted its position in Equinix by 21.8% during the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after acquiring an additional 546 shares in the last quarter. Schnieders Capital Management LLC. purchased a new position in shares of Equinix in the second quarter valued at $231,000. Finally, Brown Advisory Inc. grew its stake in shares of Equinix by 2.8% during the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock valued at $854,000 after acquiring an additional 29 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BTIG Research initiated coverage on shares of Equinix in a research report on Friday, July 10th. They issued a “buy” rating and a $1,210.00 target price for the company. Citigroup boosted their target price on shares of Equinix from $1,240.00 to $1,260.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Guggenheim reissued a “buy” rating and set a $1,235.00 target price on shares of Equinix in a report on Wednesday, May 20th. Wells Fargo & Company lifted their price target on shares of Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,153.79.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the completion of the transaction, the director directly owned 17,557 shares in the company, valued at $18,615,511.53. The trade was a 0.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction 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 completion of the sale, the insider directly owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. This trade represents a 37.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,115 shares of company stock worth $12,022,574 in the last 90 days. 0.27% of the stock is owned by company insiders.

Equinix Trading Up 1.0%

NASDAQ EQIX opened at $1,027.88 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68. The firm’s fifty day simple moving average is $1,058.24 and its 200-day simple moving average is $981.90. The company has a market capitalization of $101.37 billion, a PE ratio of 71.13, a price-to-earnings-growth ratio of 1.89 and a beta of 0.98.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, sell-side analysts anticipate that Equinix, Inc. will post 38.25 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were given a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Equinix’s payout ratio is currently 142.84%.

Equinix Company 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.