Dockside LLC Invests $4.71 Million in Equinix, Inc. $EQIX

Dockside LLC acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,153 shares of the financial services provider’s stock, valued at approximately $4,714,000. Equinix accounts for approximately 1.2% of Dockside LLC’s portfolio, making the stock its 16th largest position.

A number of other institutional investors also recently made changes to their positions in EQIX. Norges Bank bought a new stake in shares of Equinix during the fourth quarter worth approximately $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Equinix by 408.1% during 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 worth $929,312,000 after acquiring an additional 953,001 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Equinix by 377,167.4% during the fourth quarter. SG Americas Securities LLC now owns 716,808 shares of the financial services provider’s stock worth $549,190,000 after acquiring an additional 716,618 shares during the period. JPMorgan Chase & Co. boosted 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 worth $2,252,094,000 after acquiring an additional 588,967 shares during the period. Finally, Cohen & Steers Inc. boosted its holdings in shares of 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 acquiring an additional 493,141 shares during the period. Institutional investors own 94.94% of the company’s stock.

Equinix Stock Up 1.2%

Shares of NASDAQ:EQIX opened at $1,055.85 on Friday. The company has a fifty day moving average of $1,066.23 and a 200-day moving average of $923.59. The company has a market capitalization of $104.13 billion, a PE ratio of 73.07, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. Equinix, Inc. has a 52-week low of $710.52 and a 52-week high of $1,128.68.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results 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. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities analysts predict that Equinix, Inc. will post 37.72 EPS for the current fiscal year.

Equinix Announces Dividend

The business 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. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. Equinix’s dividend payout ratio is 142.84%.

Insider Activity at Equinix

In other news, EVP Raouf Abdel sold 2,040 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were 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 directly 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the transaction, the director owned 17,557 shares of the company’s stock, valued at $18,615,511.53. This trade represents a 0.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,539 shares of company stock valued at $12,455,054 over the last three months. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EQIX. Cantor Fitzgerald boosted their price objective on Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Oppenheimer restated an “outperform” rating and set a $1,200.00 price objective on shares of Equinix in a report on Thursday, April 30th. Guggenheim restated a “buy” rating and set a $1,235.00 price objective on shares of Equinix in a report on Wednesday, May 20th. Mizuho boosted their price target on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, HSBC boosted their price target on Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

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.