GSA Capital Partners LLP Invests $785,000 in Equinix, Inc. $EQIX

GSA Capital Partners LLP acquired a new stake in Equinix, Inc. (NASDAQ:EQIX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 753 shares of the financial services provider’s stock, valued at approximately $785,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Equinix by 6.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock valued at $40,043,000 after acquiring an additional 3,108 shares during the last quarter. Legal & General Group Plc grew its position in shares of Equinix by 10.5% in the fourth quarter. Legal & General Group Plc now owns 1,235,674 shares of the financial services provider’s stock valued at $946,724,000 after purchasing an additional 117,101 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Equinix by 5,149.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 128,097 shares of the financial services provider’s stock valued at $98,143,000 after purchasing an additional 125,657 shares during the last quarter. Generali Asset Management SPA SGR boosted its stake in Equinix by 17.8% during the fourth quarter. Generali Asset Management SPA SGR now owns 9,772 shares of the financial services provider’s stock worth $7,487,000 after buying an additional 1,478 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Equinix by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock worth $10,265,706,000 after acquiring an additional 107,227 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 other news, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total value of $137,947.50. Following the sale, the director directly owned 13,734 shares of the company’s stock, valued at approximately $15,156,567.72. The trade was a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the company’s 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 transaction of $2,210,278.80. Following the completion of the transaction, the executive vice president owned 5,728 shares in the company, valued at approximately $6,206,116.16. This represents a 26.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,891 shares of company stock worth $10,435,864 over the last three months. Insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

EQIX has been the topic of several analyst reports. TD Cowen lifted their price target on Equinix from $1,143.00 to $1,166.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Cantor Fitzgerald upped their price objective on shares of Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price objective for the company in a research report on Thursday, April 30th. Scotiabank reiterated a “sector perform” rating and issued a $1,208.00 target price on shares of Equinix in a report on Thursday, July 30th. Finally, HSBC reissued a “buy” rating and issued a $1,400.00 price target on shares of Equinix in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,203.40.

Equinix Stock Performance

Shares of Equinix stock opened at $1,077.08 on Thursday. The firm has a market cap of $106.28 billion, a PE ratio of 69.35, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The business’s fifty day simple moving average is $1,051.68 and its 200-day simple moving average is $1,020.34.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $7.05. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the company earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities analysts forecast that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Announces Dividend

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

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.