Deutsche Bank AG Increases Position in Equinix, Inc. $EQIX

Deutsche Bank AG lifted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 30.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,094,808 shares of the financial services provider’s stock after acquiring an additional 252,964 shares during the quarter. Deutsche Bank AG’s holdings in Equinix were worth $838,798,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Cary Street Partners Investment Advisory LLC increased its position in shares of Equinix by 2.7% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock worth $382,000 after acquiring an additional 13 shares during the last quarter. IFP Advisors Inc increased its position in shares of Equinix by 2.2% during the fourth quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock worth $456,000 after acquiring an additional 13 shares during the last quarter. Crestwood Advisors Group LLC increased its position in shares of Equinix by 3.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock worth $304,000 after acquiring an additional 14 shares during the last quarter. Warwick Investment Management Inc. increased its position in shares of Equinix by 1.7% during the fourth quarter. Warwick Investment Management Inc. now owns 922 shares of the financial services provider’s stock worth $706,000 after acquiring an additional 15 shares during the last quarter. Finally, WPG Advisers LLC grew its stake in Equinix by 51.7% in the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 15 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Equinix Stock Performance

Shares of EQIX stock opened at $1,059.84 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. The business has a 50 day moving average of $1,062.29 and a two-hundred day moving average of $918.62. Equinix, Inc. has a 52 week low of $710.52 and a 52 week high of $1,128.68. The company has a market cap of $104.52 billion, a P/E ratio of 73.35, a PEG ratio of 2.00 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm posted $9.67 earnings per share. Equinix’s quarterly revenue was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, analysts anticipate that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be paid a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s payout ratio is presently 142.84%.

Insider Buying and Selling

In other Equinix news, EVP Raouf Abdel sold 2,040 shares of Equinix stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the completion of the transaction, the executive vice president directly owned 5,728 shares in the company, valued at $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 of the company’s stock, valued at approximately $6,600,239.52. The trade was a 37.80% 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. Insiders sold a total of 14,779 shares of company stock valued at $15,580,249 over the last 90 days. 0.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of research reports. Weiss Ratings upgraded Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. lifted their price target on Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Citigroup reiterated a “buy” rating on shares of Equinix in a research note on Wednesday, June 3rd. Sanford C. Bernstein initiated coverage on Equinix in a research note on Thursday, March 5th. They issued an “outperform” rating and a $1,128.00 price target for the company. Finally, Wells Fargo & Company lifted their price target on Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average price target of $1,143.60.

Equinix 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.