Sivia Capital Partners LLC Buys 702 Shares of Equinix, Inc. $EQIX

Sivia Capital Partners LLC lifted its stake in Equinix, Inc. (NASDAQ:EQIX) by 230.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,007 shares of the financial services provider’s stock after purchasing an additional 702 shares during the quarter. Sivia Capital Partners LLC’s holdings in Equinix were worth $772,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Douglas Lane & Associates LLC raised its position in 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 in the last quarter. JPMorgan Chase & Co. raised its position in 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 in the last quarter. Foresight Group Ltd Liability Partnership raised its position in 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 in the last quarter. Penserra Capital Management LLC raised its position in Equinix by 29.9% during the third quarter. Penserra Capital Management LLC now owns 12,761 shares of the financial services provider’s stock valued at $9,994,000 after purchasing an additional 2,941 shares in the last quarter. Finally, Candriam S.C.A. raised its position in 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 in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Equinix Stock Up 1.1%

Shares of NASDAQ:EQIX opened at $1,089.15 on Friday. The company has a fifty day moving average of $1,056.06 and a 200-day moving average of $912.41. The company has a market capitalization of $107.41 billion, a PE ratio of 75.37, a price-to-earnings-growth ratio of 2.03 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 Dividend Announcement

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 1.9%. Equinix’s dividend payout ratio is 142.84%.

Insider Activity at Equinix

In other news, insider Brandi Galvin Morandi sold 630 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $961.19, for a total transaction of $605,549.70. Following the completion of the transaction, the insider directly owned 10,394 shares in the company, valued at approximately $9,990,608.86. This represents a 5.71% 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, insider Jonathan Lin sold 635 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $965.71, for a total transaction of $613,225.85. Following the transaction, the insider owned 10,788 shares of the company’s stock, valued at $10,418,079.48. This trade represents a 5.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 11,053 shares of company stock valued at $11,569,731. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Evercore restated an “outperform” rating and set a $1,240.00 price objective on shares of Equinix in a research report on Tuesday, April 28th. Mizuho boosted their price objective on shares of Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Cantor Fitzgerald boosted their price objective on shares of Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. TD Cowen boosted their price objective on shares of Equinix from $1,123.00 to $1,143.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Barclays boosted their price objective on shares of Equinix from $1,020.00 to $1,109.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average price target 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.