Axecap Investments LLC Buys New Shares in Equinix, Inc. $EQIX

Axecap Investments LLC bought a new position in Equinix, Inc. (NASDAQ:EQIX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,212 shares of the financial services provider’s stock, valued at approximately $2,238,000. Equinix makes up approximately 1.3% of Axecap Investments LLC’s investment portfolio, making the stock its 28th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Equinix during the 2nd quarter valued at $11,930,074,000. Principal Financial Group Inc. lifted its stake in shares of Equinix by 1.4% in the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock valued at $1,941,377,000 after buying an additional 27,643 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Equinix by 26,831.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock valued at $1,291,648,000 after buying an additional 1,234,521 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Equinix during the second quarter worth about $1,181,260,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Equinix during the second quarter worth about $1,163,662,000. 94.94% of the stock is currently owned by institutional investors.

Equinix Stock Performance

Shares of EQIX opened at $987.44 on Wednesday. The stock has a 50 day moving average of $1,036.19 and a 200 day moving average of $1,050.01. The company has a market capitalization of $97.43 billion, a price-to-earnings ratio of 63.58, a PEG ratio of 1.39 and a beta of 0.98. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68. 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 (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping the consensus estimate of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the firm earned $9.91 earnings per share. The business’s revenue was up 16.4% on a year-over-year basis. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th were paid a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, August 19th. Equinix’s payout ratio is presently 132.90%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EQIX shares. UBS Group upped their target price on shares of Equinix from $1,210.00 to $1,265.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. BTIG Research lifted their price target on Equinix from $1,210.00 to $1,240.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Sanford C. Bernstein lifted their price target on Equinix from $1,222.00 to $1,270.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Guggenheim reissued a “buy” rating and set a $1,235.00 price objective on shares of Equinix in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on Equinix from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,206.55.

Insider Buying and Selling

In related news, insider Kurt Pletcher sold 135 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. The trade was a 3.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the transaction, the insider owned 2,450 shares of the company’s stock, valued at approximately $2,535,774.50. The trade was a 11.14% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 4,770 shares of company stock valued at $4,884,197. 0.27% of the stock is owned by insiders.

About Equinix

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.