Equinix, Inc. $EQIX Holdings Raised by ProShare Advisors LLC

ProShare Advisors LLC lifted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 22,793 shares of the financial services provider’s stock after acquiring an additional 1,147 shares during the quarter. ProShare Advisors LLC’s holdings in Equinix were worth $17,463,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Equinix by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock worth $10,265,706,000 after purchasing an additional 107,227 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Equinix by 25.8% in 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 buying an additional 588,967 shares during the period. Principal Financial Group Inc. grew its position in shares of Equinix by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,969,498 shares of the financial services provider’s stock valued at $1,542,595,000 after buying an additional 56,592 shares during the last quarter. APG Asset Management US Inc. grew its position in shares of Equinix by 0.4% during the 3rd quarter. APG Asset Management US Inc. now owns 1,211,357 shares of the financial services provider’s stock valued at $937,530,000 after buying an additional 5,109 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Equinix by 408.1% during the third 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 worth $929,312,000 after acquiring an additional 953,001 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the sale, the director directly owned 17,557 shares in the company, valued at approximately $18,615,511.53. The trade was a 0.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 424 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $1,020.00, for a total transaction of $432,480.00. Following the completion of the sale, the insider directly owned 9,970 shares of the company’s stock, valued at approximately $10,169,400. This represents 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. Over the last ninety days, insiders have sold 11,729 shares of company stock valued at $11,980,800. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the topic of a number of recent research reports. BMO Capital Markets raised their target price on shares of Equinix from $925.00 to $1,050.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. The Goldman Sachs Group raised their price target on Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Mizuho upped their price objective on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Cantor Fitzgerald raised their target price on Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price target for the company in a research report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

Equinix Stock Performance

Shares of EQIX stock opened at $1,065.06 on Thursday. Equinix, Inc. has a 12-month low of $710.52 and a 12-month high of $1,128.68. 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 $105.04 billion, a price-to-earnings ratio of 73.71, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01. The business has a 50 day simple moving average of $1,033.25 and a 200 day simple moving average of $892.67.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating the consensus estimate of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the business earned $9.67 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities research analysts anticipate that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be paid a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s payout ratio is currently 142.84%.

About Equinix

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.