Equinix, Inc. $EQIX Shares Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG raised its stake in Equinix, Inc. (NASDAQ:EQIX) by 73.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,012 shares of the financial services provider’s stock after buying an additional 849 shares during the period. J. Safra Sarasin Holding AG’s holdings in Equinix were worth $1,970,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of EQIX. Brighton Jones LLC boosted its position in shares of Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 73 shares during the period. Integrated Wealth Concepts LLC raised its holdings in Equinix by 11.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after buying an additional 54 shares during the period. Empowered Funds LLC lifted its stake in Equinix by 21.8% during the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after buying an additional 546 shares in the last quarter. Schnieders Capital Management LLC. purchased a new stake in Equinix during the second quarter valued at about $231,000. Finally, Brown Advisory Inc. increased its position in shares of Equinix by 2.8% in the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock worth $854,000 after acquiring an additional 29 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Price Performance

NASDAQ EQIX opened at $1,039.53 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $102.52 billion, a price-to-earnings ratio of 71.94, a price-to-earnings-growth ratio of 1.95 and a beta of 0.98. The company has a 50 day simple moving average of $1,065.29 and a 200-day simple moving average of $971.05. Equinix, Inc. has a 52-week low of $720.62 and a 52-week 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 EPS for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. The firm had revenue of $2.44 billion for 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 firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts predict that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were paid 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 2.0%. Equinix’s dividend payout ratio is 142.84%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EQIX. Zacks Research lowered shares of Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Wall Street Zen upgraded shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Mizuho boosted their target price on shares of Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Wells Fargo & Company increased their target price on Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Evercore reaffirmed an “outperform” rating and issued a $1,240.00 target price on shares of Equinix in a research report on Tuesday, April 28th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,155.64.

Insider Transactions at Equinix

In related news, EVP Raouf Abdel sold 2,040 shares of Equinix stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the completion of the sale, the executive vice president owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. This trade represents a 26.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles J. Meyers sold 5,224 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the transaction, the chairman owned 7,370 shares in the company, valued at $7,998,145.10. This trade represents a 41.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,115 shares of company stock valued at $12,022,574 in the last three months. 0.27% of the stock is currently owned by insiders.

Equinix 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.