Ninepoint Partners LP Acquires Shares of 3,185 Equinix, Inc. $EQIX

Ninepoint Partners LP bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,185 shares of the financial services provider’s stock, valued at approximately $3,320,000.

A number of other institutional investors have also modified their holdings of EQIX. BlackRock Inc. purchased a new stake in shares of Equinix in the 2nd quarter worth $11,930,074,000. Norges Bank purchased a new stake in shares of Equinix during the fourth quarter valued at about $984,355,000. Deutsche Bank AG acquired a new stake in shares of Equinix in the 2nd quarter worth $1,118,930,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Equinix by 408.1% during the 3rd 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 in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Equinix in the second quarter worth about $598,815,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on EQIX shares. UBS Group boosted their target price on shares of Equinix from $1,210.00 to $1,265.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Scotiabank reissued a “sector perform” rating and issued a $1,208.00 target price on shares of Equinix in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,340.00 price target on shares of Equinix in a research report on Thursday, July 30th. Raymond James Financial upgraded Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price target on the stock in a research note on Thursday, April 30th. Finally, BTIG Research started coverage on Equinix in a research report on Friday, July 10th. They issued a “buy” rating and a $1,210.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,203.40.

Equinix Trading Up 0.5%

Equinix stock opened at $1,082.61 on Friday. The firm has a market cap of $106.82 billion, a PE ratio of 69.71, a P/E/G ratio of 1.53 and a beta of 0.99. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68. The stock’s 50 day simple moving average is $1,052.47 and its two-hundred day simple moving average is $1,022.18. 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 earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the business posted $9.91 EPS. The business’s revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be issued a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is presently 132.90%.

Insider Activity

In related news, Director Christopher B. Paisley sold 4,000 shares of Equinix stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the sale, the director owned 13,859 shares of the company’s stock, valued at approximately $14,126,201.52. This trade represents a 22.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction dated 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 completion of the sale, the insider owned 6,132 shares in the company, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,986 shares of company stock worth $8,370,777 in the last quarter. Corporate insiders own 0.27% of the company’s stock.

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.