528 Shares in Equinix, Inc. $EQIX Bought by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. bought a new stake in Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 528 shares of the financial services provider’s stock, valued at approximately $525,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Equinix during the 4th quarter worth $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of 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 purchasing an additional 953,001 shares during the period. Cohen & Steers Inc. boosted its holdings in Equinix by 23.3% during 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 buying an additional 493,141 shares in the last quarter. Deutsche Bank AG boosted its holdings in Equinix by 30.0% during the fourth quarter. Deutsche Bank AG now owns 1,094,808 shares of the financial services provider’s stock worth $838,798,000 after buying an additional 252,964 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its position in 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 buying an additional 250,914 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Equinix news, insider Brandi Galvin Morandi sold 3,726 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was 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 approximately $6,600,239.52. This trade represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $6,206,116.16. This trade represents a 26.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 9,891 shares of company stock valued at $10,430,452. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

EQIX has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on shares of Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Citigroup restated a “market outperform” rating on shares of Equinix in a report on Tuesday, August 4th. Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,270.00 price objective on shares of Equinix in a report on Monday, August 3rd. Finally, Barclays boosted their target price on Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,202.20.

Equinix Stock Up 2.6%

Shares of NASDAQ EQIX opened at $1,102.10 on Friday. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The company has a market capitalization of $108.75 billion, a PE ratio of 70.97, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The firm’s 50-day moving average is $1,049.70 and its two-hundred day moving average is $1,013.19.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 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 business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period in the prior year, the business earned $9.91 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities analysts anticipate that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, August 19th. Equinix’s dividend payout ratio is 132.90%.

Equinix Company 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.