NFJ Investment Group LLC Acquires 43,810 Shares of Equinix, Inc. $EQIX

NFJ Investment Group LLC boosted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 388.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,079 shares of the financial services provider’s stock after buying an additional 43,810 shares during the quarter. Equinix makes up 1.5% of NFJ Investment Group LLC’s holdings, making the stock its 17th biggest holding. NFJ Investment Group LLC’s holdings in Equinix were worth $42,199,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Focus Partners Wealth boosted its stake in Equinix by 36.3% in the fourth quarter. Focus Partners Wealth now owns 4,200 shares of the financial services provider’s stock valued at $3,219,000 after buying an additional 1,118 shares in the last quarter. Dockside LLC acquired a new stake in Equinix in the fourth quarter valued at about $4,714,000. 1 North Wealth Services LLC boosted its stake in Equinix by 4.2% in the fourth quarter. 1 North Wealth Services LLC now owns 909 shares of the financial services provider’s stock valued at $696,000 after buying an additional 37 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Equinix by 33.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 213,542 shares of the financial services provider’s stock valued at $163,607,000 after buying an additional 54,011 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its stake in Equinix by 1,114.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 10,770 shares of the financial services provider’s stock valued at $8,252,000 after buying an additional 9,883 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EQIX shares. JPMorgan Chase & Co. raised their price objective on Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a research note on Thursday, April 30th. Citigroup reaffirmed a “buy” rating on shares of Equinix in a research note on Wednesday, June 3rd. Weiss Ratings raised Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 7th. Finally, Evercore reiterated an “outperform” rating and issued a $1,240.00 target price on shares of Equinix in a research report on Tuesday, April 28th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Equinix currently has an average rating of “Moderate Buy” and an average price target of $1,143.60.

Insider Buying and Selling

In related news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the transaction, the insider directly owned 6,132 shares of the company’s stock, valued at $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the executive vice president owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 11,539 shares of company stock valued at $12,455,054 in the last ninety days. Insiders own 0.27% of the company’s stock.

Equinix Price Performance

Equinix stock opened at $1,055.85 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $104.13 billion, a PE ratio of 73.07, a P/E/G ratio of 1.99 and a beta of 0.99. Equinix, Inc. has a 12 month low of $710.52 and a 12 month high of $1,128.68. The stock has a 50-day moving average price of $1,066.23 and a two-hundred day moving average price of $923.59.

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

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors 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 dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s payout ratio is currently 142.84%.

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.