927 Equinix, Inc. $EQIX Shares Acquired by Nicollet Investment Management Inc.

Nicollet Investment Management Inc. increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 13.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,889 shares of the financial services provider’s stock after purchasing an additional 927 shares during the quarter. Equinix accounts for approximately 2.4% of Nicollet Investment Management Inc.’s investment portfolio, making the stock its 12th largest position. Nicollet Investment Management Inc.’s holdings in Equinix were worth $7,980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. ABLE Financial Group LLC raised its position in shares of Equinix by 9.3% in the 3rd quarter. ABLE Financial Group LLC now owns 1,668 shares of the financial services provider’s stock valued at $1,687,000 after buying an additional 142 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in shares of Equinix by 435.0% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,530 shares of the financial services provider’s stock worth $1,548,000 after acquiring an additional 1,244 shares during the period. Signal Advisors Wealth LLC boosted its position in shares of Equinix by 49.4% during the 3rd quarter. Signal Advisors Wealth LLC now owns 2,119 shares of the financial services provider’s stock worth $2,144,000 after acquiring an additional 701 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Equinix by 3.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,552 shares of the financial services provider’s stock worth $1,570,000 after acquiring an additional 47 shares in the last quarter. Finally, Krilogy Financial LLC increased its stake in Equinix by 9.5% in the third quarter. Krilogy Financial LLC now owns 2,930 shares of the financial services provider’s stock valued at $3,026,000 after acquiring an additional 253 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

NASDAQ:EQIX traded down $20.28 on Wednesday, hitting $999.12. The company had a trading volume of 171,971 shares, compared to its average volume of 584,341. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $98.58 billion, a price-to-earnings ratio of 64.35, a PEG ratio of 1.48 and a beta of 0.98. The firm has a 50 day moving average of $1,041.91 and a two-hundred day moving average of $1,049.48.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the firm posted $9.91 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, research analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th were paid a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is presently 132.90%.

Insider Activity

In other news, Director Christopher Paisley sold 125 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the sale, the director directly owned 13,734 shares in the company, valued at approximately $15,156,567.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total value of $317,748.07. Following the completion of the transaction, the insider directly owned 2,450 shares of the company’s stock, valued at $2,535,774.50. This represents a 11.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 4,770 shares of company stock valued at $4,884,197. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on EQIX. Stifel Nicolaus raised their target price on Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Evercore reissued an “outperform” rating and set a $1,270.00 price target (up from $1,240.00) on shares of Equinix in a report on Tuesday, August 18th. Rothschild & Co Redburn initiated coverage on Equinix in a research report on Monday, September 21st. They set a “buy” rating and a $1,261.00 price objective for the company. Royal Bank Of Canada upped their price objective on Equinix from $1,125.00 to $1,225.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,340.00 price objective (up from $1,300.00) on shares of Equinix in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,206.55.

Equinix Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.

The company’s services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.