Analysts Set Equinix, Inc. (NASDAQ:EQIX) Price Target at $1,143.60

Shares of Equinix, Inc. (NASDAQ:EQIX) have earned an average recommendation of “Moderate Buy” from the twenty-nine research firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, twenty have assigned a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $1,143.60.

EQIX has been the subject of several analyst reports. Wells Fargo & Company upped their price objective on Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Guggenheim boosted their target price on Equinix from $985.00 to $1,235.00 and gave the company a “buy” rating in a report on Monday, April 27th. Barclays boosted their target price on Equinix from $1,020.00 to $1,109.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. boosted their target price on Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Oppenheimer reissued an “outperform” rating and issued a $1,200.00 target price on shares of Equinix in a report on Thursday, April 30th.

Equinix Trading Up 1.3%

NASDAQ:EQIX opened at $1,086.22 on Friday. The stock has a 50-day simple moving average of $1,018.11 and a 200-day simple moving average of $880.82. The stock has a market cap of $107.12 billion, a P/E ratio of 75.17, a P/E/G ratio of 2.02 and a beta of 1.01. Equinix has a 1 year low of $710.52 and a 1 year high of $1,128.68. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.30 by $6.49. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, analysts anticipate that Equinix will post 37.72 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be issued a $5.16 dividend. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s payout ratio is presently 142.84%.

Insiders Place Their Bets

In other news, Chairman Charles J. Meyers sold 5,224 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $7,998,145.10. The trade was a 41.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brandi Galvin Morandi sold 424 shares of the business’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $1,020.00, for a total value of $432,480.00. Following the completion of the sale, the insider directly owned 9,970 shares of the company’s stock, valued at $10,169,400. The trade was a 4.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 11,604 shares of company stock worth $11,848,264. Corporate insiders own 0.27% of the company’s stock.

Institutional Trading of Equinix

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in Equinix during the 4th quarter valued at approximately $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Equinix by 408.1% during the 3rd 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 valued at $929,312,000 after acquiring an additional 953,001 shares during the last quarter. SG Americas Securities LLC raised its stake in Equinix by 377,167.4% during the 4th quarter. SG Americas Securities LLC now owns 716,808 shares of the financial services provider’s stock valued at $549,190,000 after acquiring an additional 716,618 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Equinix by 25.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock valued at $2,252,094,000 after acquiring an additional 588,967 shares during the last quarter. Finally, Cohen & Steers Inc. raised its stake in Equinix by 23.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock valued at $1,998,978,000 after acquiring an additional 493,141 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

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.