Equinix, Inc. $EQIX Shares Bought by First Trust Advisors LP

First Trust Advisors LP grew its position in Equinix, Inc. (NASDAQ:EQIX) by 51.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 38,893 shares of the financial services provider’s stock after purchasing an additional 13,157 shares during the period. First Trust Advisors LP’s holdings in Equinix were worth $38,124,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Equinix during the 4th quarter worth $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Equinix by 408.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock valued at $929,312,000 after buying an additional 953,001 shares during the last quarter. Cohen & Steers Inc. boosted its holdings in Equinix by 23.3% in the fourth quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock worth $1,998,978,000 after acquiring an additional 493,141 shares in the last quarter. Deutsche Bank AG boosted its holdings in Equinix by 30.0% in the fourth quarter. Deutsche Bank AG now owns 1,094,808 shares of the financial services provider’s stock worth $838,798,000 after acquiring an additional 252,964 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of Equinix by 709.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 286,288 shares of the financial services provider’s stock worth $219,342,000 after acquiring an additional 250,914 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In related news, insider Brandi Galvin Morandi sold 3,726 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the transaction, the insider owned 6,132 shares of the company’s stock, valued at $6,600,239.52. This trade represents a 37.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the transaction, the director owned 17,557 shares of the company’s stock, valued at $18,615,511.53. This represents a 0.71% 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 have sold 11,115 shares of company stock worth $12,022,574 over the last ninety days. 0.27% of the stock is owned by insiders.

Equinix Trading Down 3.5%

Equinix stock opened at $1,046.79 on Tuesday. The stock has a 50-day moving average price of $1,056.53 and a 200 day moving average price of $989.67. The company has a market capitalization of $103.23 billion, a price-to-earnings ratio of 72.44, a price-to-earnings-growth ratio of 2.01 and a beta of 0.98. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping the consensus estimate of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the company earned $9.67 EPS. Equinix’s quarterly revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Sell-side analysts anticipate that Equinix, Inc. will post 38.25 EPS for the current year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were paid a $5.16 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. Equinix’s dividend payout ratio is presently 142.84%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Guggenheim restated a “buy” rating and set a $1,235.00 price objective on shares of Equinix in a report on Wednesday, May 20th. Oppenheimer reissued an “outperform” rating and set a $1,200.00 target price on shares of Equinix in a research report on Thursday, April 30th. Evercore restated an “outperform” rating and set a $1,240.00 price target on shares of Equinix in a research note on Tuesday, April 28th. Mizuho raised their price target 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. Finally, The Goldman Sachs Group lifted their price objective on shares of Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,153.79.

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.