110,963 Shares in Equinix, Inc. $EQIX Purchased by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) during the second quarter, HoldingsChannel reports. The institutional investor bought 110,963 shares of the financial services provider’s stock, valued at approximately $115,678,000.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Equinix in the second quarter valued at approximately $11,930,074,000. Norges Bank acquired a new stake in Equinix during the 4th quarter worth $984,355,000. Legal & General Group Plc bought a new stake in shares of Equinix during the 2nd quarter valued at $1,181,260,000. Canada Pension Plan Investment Board acquired a new position in Equinix in the second quarter valued at about $1,163,662,000. Finally, Deutsche Bank AG acquired a new stake in shares of Equinix in the 2nd quarter valued at approximately $1,118,930,000. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on EQIX shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,270.00 price objective on shares of Equinix in a research note on Monday, August 3rd. Barclays increased their target price on shares of Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. raised their price target on Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price objective on the stock in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald increased their price target on Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Equinix has an average rating of “Moderate Buy” and a consensus price target of $1,203.40.

Insider Activity

In related news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the sale, the insider directly owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the transaction, the insider owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. This represents a 3.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 7,986 shares of company stock worth $8,370,777. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

Equinix stock opened at $1,079.61 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The stock has a market capitalization of $106.53 billion, a P/E ratio of 69.52, a price-to-earnings-growth ratio of 1.52 and a beta of 0.99. The stock has a fifty day moving average of $1,051.87 and a 200-day moving average of $1,029.59.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, beating the consensus estimate of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the firm posted $9.91 earnings per share. Equinix’s revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, sell-side analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be paid a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is presently 132.90%.

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.