Equinix, Inc. $EQIX Stock: Ninety One UK Ltd Raises Holdings

Ninety One UK Ltd raised its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 85.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,736 shares of the financial services provider’s stock after acquiring an additional 799 shares during the period. Ninety One UK Ltd’s holdings in Equinix were worth $1,756,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EQIX. BlackRock Inc. bought a new stake in Equinix in the 2nd quarter valued at $11,930,074,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Equinix by 26,831.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock valued at $1,291,648,000 after buying an additional 1,234,521 shares in the last quarter. Legal & General Group Plc acquired a new position in Equinix in the 2nd quarter valued at $1,181,260,000. Canada Pension Plan Investment Board bought a new position in Equinix during the 2nd quarter worth $1,163,662,000. Finally, Deutsche Bank AG bought a new position in Equinix during the 2nd quarter worth $1,118,930,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Price Performance

Equinix stock opened at $996.26 on Friday. The stock’s fifty day moving average price is $1,039.57 and its two-hundred day moving average price is $1,049.94. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. 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 has a market cap of $98.30 billion, a PE ratio of 64.15, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, beating the consensus estimate of $4.73 by $7.05. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, research analysts expect that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were given a dividend of $5.16 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 2.1%. Equinix’s dividend payout ratio is currently 132.90%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BNP Paribas Exane reduced their target price on shares of Equinix from $1,222.00 to $1,219.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Rothschild & Co Redburn assumed coverage on shares of Equinix in a research note on Monday, September 21st. They issued a “buy” rating and a $1,261.00 price target on the stock. Truist Financial raised their price target on shares of Equinix from $1,215.00 to $1,220.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. UBS Group lifted their price objective on shares of Equinix from $1,210.00 to $1,265.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Sanford C. Bernstein boosted their price objective on shares of Equinix from $1,222.00 to $1,270.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,206.55.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 13,734 shares of the company’s stock, valued at $15,156,567.72. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 business’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 transaction of $317,748.07. Following the completion of the transaction, the insider owned 2,450 shares of the company’s stock, valued at $2,535,774.50. The trade was a 11.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 4,770 shares of company stock valued at $4,884,197 over the last quarter. 0.27% of the stock is owned by company insiders.

Equinix Company 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.