Havemeyer Place LP Takes Position in Equinix, Inc. $EQIX

Havemeyer Place LP bought a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 752 shares of the financial services provider’s stock, valued at approximately $576,000.

Other hedge funds have also modified their holdings of the company. Douglas Lane & Associates LLC lifted its holdings in shares of Equinix by 3.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock valued at $85,833,000 after purchasing an additional 4,241 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Equinix by 25.8% during the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock valued at $2,252,094,000 after purchasing an additional 588,967 shares during the last quarter. Foresight Group Ltd Liability Partnership lifted its holdings in shares of Equinix by 10.0% during the third quarter. Foresight Group Ltd Liability Partnership now owns 26,139 shares of the financial services provider’s stock valued at $20,425,000 after purchasing an additional 2,378 shares during the last quarter. Candriam S.C.A. lifted its holdings in shares of Equinix by 95.8% during the third quarter. Candriam S.C.A. now owns 84,128 shares of the financial services provider’s stock valued at $65,892,000 after purchasing an additional 41,159 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Equinix by 71.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 100,791 shares of the financial services provider’s stock valued at $78,944,000 after purchasing an additional 41,887 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Evercore reaffirmed an “outperform” rating and set a $1,240.00 target price on shares of Equinix in a report on Tuesday, April 28th. Barclays increased their price objective on Equinix from $1,020.00 to $1,109.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. BMO Capital Markets increased their price objective on Equinix from $925.00 to $1,050.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. The Goldman Sachs Group increased their price objective on Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Raymond James Financial raised 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 note on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,143.60.

Equinix Stock Down 1.7%

Shares of Equinix stock opened at $1,062.74 on Tuesday. The stock has a 50-day moving average price of $1,060.35 and a 200 day moving average price of $916.55. The company has a market cap of $104.81 billion, a P/E ratio of 73.55, a P/E/G ratio of 2.03 and a beta of 0.99. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 1 year low of $710.52 and a 1 year high of $1,128.68.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the business earned $9.67 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, analysts expect that Equinix, Inc. will post 37.72 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s payout ratio is currently 142.84%.

Insider Buying and Selling at Equinix

In other news, CEO Adaire Fox-Martin sold 1,086 shares of Equinix stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $966.20, for a total transaction of $1,049,293.20. Following the completion of the sale, the chief executive officer directly owned 19,574 shares in the company, valued at $18,912,398.80. The trade was a 5.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Raouf Abdel sold 2,040 shares of Equinix stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the sale, the executive vice president owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. This represents a 26.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 14,779 shares of company stock worth $15,580,249 over the last quarter. Insiders own 0.27% of the company’s stock.

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.