2,592 Shares in Equinix, Inc. $EQIX Bought by Delta Global Management LP

Delta Global Management LP purchased a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,592 shares of the financial services provider’s stock, valued at approximately $2,541,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Equinix by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock worth $10,265,706,000 after purchasing an additional 107,227 shares during the period. Cohen & Steers Inc. grew its position in shares of Equinix by 23.3% in the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock worth $1,998,978,000 after buying an additional 493,141 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Equinix by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider’s stock worth $1,959,731,000 after buying an additional 25,383 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Equinix by 1.4% during the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock valued at $1,941,377,000 after buying an additional 27,643 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Equinix by 0.6% during the fourth quarter. Northern Trust Corp now owns 1,500,506 shares of the financial services provider’s stock valued at $1,149,628,000 after buying an additional 9,614 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other news, Chairman Charles J. Meyers sold 5,224 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the sale, the chairman directly owned 7,370 shares in the company, valued at $7,998,145.10. This represents a 41.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction on Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total value of $132,536.25. Following the transaction, the director owned 17,557 shares in the company, 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. Over the last three months, insiders have sold 11,115 shares of company stock valued at $12,022,574. 0.27% of the stock is owned by corporate insiders.

Equinix Stock Performance

Shares of EQIX stock opened at $1,084.24 on Friday. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The company has a market capitalization of $106.93 billion, a price-to-earnings ratio of 75.03, a price-to-earnings-growth ratio of 2.01 and a beta of 0.98. The company’s 50-day moving average is $1,056.85 and its 200 day moving average is $986.34. 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 (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 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 company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company earned $9.67 EPS. Equinix’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. Sell-side analysts expect that Equinix, Inc. will post 38.25 EPS for the current fiscal year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were issued a $5.16 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. Equinix’s dividend payout ratio (DPR) is presently 142.84%.

Wall Street Analysts Forecast Growth

EQIX has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, April 13th. TD Cowen lifted their target price on shares of Equinix from $1,123.00 to $1,143.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wells Fargo & Company boosted their price target on shares of Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Cantor Fitzgerald increased their price target on shares of Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Evercore restated an “outperform” rating and issued a $1,240.00 price objective on shares of Equinix in a report on Tuesday, April 28th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Equinix currently has an average rating of “Moderate Buy” and a consensus price target of $1,153.79.

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.