2,058 Shares in Equinix, Inc. $EQIX Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,058 shares of the financial services provider’s stock, valued at approximately $2,145,000.

Several other hedge funds have also made changes to their positions in EQIX. BlackRock Inc. acquired a new position in Equinix in the second quarter valued at approximately $11,930,074,000. Norges Bank acquired a new stake in Equinix during the fourth quarter worth $984,355,000. Legal & General Group Plc purchased a new stake in Equinix in the second quarter valued at $1,181,260,000. Canada Pension Plan Investment Board purchased a new stake in Equinix in the second quarter valued at $1,163,662,000. Finally, Deutsche Bank AG acquired a new position in shares of Equinix in the 2nd quarter valued at $1,118,930,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity

In related news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the transaction, the insider owned 6,132 shares in the company, valued at $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the transaction, the insider owned 4,077 shares of the company’s stock, valued at $4,384,813.50. This trade represents a 3.21% 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. In the last quarter, insiders sold 7,986 shares of company stock worth $8,370,777. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Performance

Shares of Equinix stock opened at $1,044.41 on Friday. The stock has a market capitalization of $103.05 billion, a price-to-earnings ratio of 67.25, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50-day moving average of $1,050.60 and a 200 day moving average of $1,031.29. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68.

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

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be given a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. Equinix’s dividend payout ratio (DPR) is currently 132.90%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Stifel Nicolaus upped their target price on shares of Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Barclays increased their target price on shares of Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 1st. Guggenheim reissued a “buy” rating and issued a $1,235.00 price target on shares of Equinix in a research note on Wednesday, May 20th. Finally, Mizuho upped their price objective on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,203.40.

About Equinix

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.