BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Buys 272 Shares of Equinix, Inc. $EQIX

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 18,453 shares of the financial services provider’s stock after acquiring an additional 272 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Equinix were worth $15,046,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC boosted its position in shares of Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after buying an additional 73 shares during the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in shares of Equinix during the fourth quarter valued at $2,027,000. MGO One Seven LLC boosted its position in shares of Equinix by 20.3% during the fourth quarter. MGO One Seven LLC now owns 599 shares of the financial services provider’s stock valued at $565,000 after buying an additional 101 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Equinix by 8.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 468 shares of the financial services provider’s stock valued at $441,000 after buying an additional 35 shares during the last quarter. Finally, Capital Analysts LLC boosted its position in shares of Equinix by 3.7% during the fourth quarter. Capital Analysts LLC now owns 4,302 shares of the financial services provider’s stock valued at $4,057,000 after buying an additional 154 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Equinix Trading Up 1.8%

Shares of NASDAQ:EQIX opened at $786.47 on Friday. The stock has a market capitalization of $76.97 billion, a price-to-earnings ratio of 77.03, a PEG ratio of 1.42 and a beta of 0.90. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. The stock’s 50-day simple moving average is $796.24 and its two-hundred day simple moving average is $838.47. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the firm posted $9.22 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be paid a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $18.76 annualized dividend and a dividend yield of 2.4%. Equinix’s dividend payout ratio (DPR) is 183.74%.

Insider Activity

In other news, CEO Adaire Fox-Martin sold 2,949 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $884.91, for a total value of $2,609,599.59. Following the transaction, the chief executive officer owned 9,615 shares of the company’s stock, valued at $8,508,409.65. This trade represents a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the firm’s 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 in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on EQIX. Bank of America dropped their price objective on Equinix from $1,000.00 to $950.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Stifel Nicolaus dropped their price objective on Equinix from $1,050.00 to $1,010.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Wells Fargo & Company dropped their target price on Equinix from $1,065.00 to $925.00 and set an “overweight” rating on the stock in a research report on Thursday, June 26th. Wolfe Research cut Equinix from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 9th. Finally, BMO Capital Markets cut Equinix from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Five investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $962.52.

Equinix Company 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.