UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.29 Billion Stock Holdings in Equinix, Inc. $EQIX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 26,831.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,239,122 shares of the financial services provider’s stock after buying an additional 1,234,521 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.26% of Equinix worth $1,291,648,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. New Mexico Educational Retirement Board boosted its position in Equinix by 6.6% during the 2nd quarter. New Mexico Educational Retirement Board now owns 4,832 shares of the financial services provider’s stock worth $5,037,000 after acquiring an additional 300 shares during the period. Royal London Asset Management Ltd. increased its holdings in shares of Equinix by 0.6% in the 2nd quarter. Royal London Asset Management Ltd. now owns 40,576 shares of the financial services provider’s stock valued at $42,296,000 after purchasing an additional 223 shares during the period. Toth Financial Advisory Corp lifted its position in shares of Equinix by 93.8% in the second quarter. Toth Financial Advisory Corp now owns 1,033 shares of the financial services provider’s stock worth $1,077,000 after purchasing an additional 500 shares in the last quarter. Mufg Securities Americas Inc. lifted its position in shares of Equinix by 9.3% in the second quarter. Mufg Securities Americas Inc. now owns 2,971 shares of the financial services provider’s stock worth $3,097,000 after purchasing an additional 252 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Equinix by 2.3% during the second quarter. Van ECK Associates Corp now owns 34,673 shares of the financial services provider’s stock worth $36,143,000 after purchasing an additional 771 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Down 3.0%

EQIX stock opened at $1,044.41 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68. The company has a fifty day simple moving average of $1,050.60 and a 200 day simple moving average of $1,031.29. The firm has a market cap of $103.05 billion, a PE ratio of 67.25, a PEG ratio of 1.48 and a beta of 0.99.

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

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be paid 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 is Wednesday, August 19th. Equinix’s dividend payout ratio is 132.90%.

Insider Transactions at Equinix

In other news, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the transaction, the insider owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. This represents a 37.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the completion of the transaction, the insider directly owned 4,077 shares in the company, valued at $4,384,813.50. The trade was a 3.21% decrease in their ownership of the stock. 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 owned by corporate insiders.

Analysts Set New Price Targets

EQIX has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Jefferies Financial Group restated a “buy” rating and issued a $1,340.00 target price on shares of Equinix in a research note on Thursday, July 30th. Mizuho upped their target price on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. UBS Group raised their price target on Equinix from $1,210.00 to $1,265.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada lifted their price target on Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Equinix currently has an average rating of “Moderate Buy” and a consensus target price 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.