Ceredex Value Advisors LLC Invests $19.20 Million in Equinix, Inc. $EQIX

Ceredex Value Advisors LLC purchased a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,416 shares of the financial services provider’s stock, valued at approximately $19,197,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Equinix by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock valued at $10,265,706,000 after acquiring an additional 107,227 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Equinix in the 2nd quarter valued at approximately $11,930,074,000. Cohen & Steers Inc. boosted its stake in Equinix by 23.3% during the fourth 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 period. Geode Capital Management LLC boosted its stake in shares of Equinix by 1.0% during 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 purchasing an additional 25,383 shares during the period. Finally, Principal Financial Group Inc. boosted its position 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. Institutional investors own 94.94% of the company’s stock.

Insider Activity

In other news, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 6,132 shares of the company’s stock, valued at $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the business’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 value of $145,192.50. Following the sale, the insider owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. This trade represents a 3.21% 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. Insiders have sold a total of 7,986 shares of company stock worth $8,370,777 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EQIX has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $1,340.00 price target on shares of Equinix in a report on Thursday, July 30th. HSBC reiterated a “buy” rating and issued a $1,400.00 price target on shares of Equinix in a report on Friday, August 14th. Citigroup reiterated a “market outperform” rating on shares of Equinix in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $1,270.00 price target on shares of Equinix in a research note on Monday, August 3rd. Finally, TD Cowen lifted their price objective on shares of Equinix from $1,143.00 to $1,166.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Two 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 stock. According to MarketBeat, Equinix has a consensus rating of “Moderate Buy” and a consensus target price of $1,203.40.

Equinix Trading Up 0.5%

Shares of NASDAQ:EQIX opened at $1,082.61 on Friday. The business has a 50 day moving average of $1,052.47 and a two-hundred day moving average of $1,022.18. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The company has a market capitalization of $106.82 billion, a PE ratio of 69.71, a PEG ratio of 1.53 and a beta of 0.99. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

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

Equinix Announces Dividend

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