MASTERINVEST Kapitalanlage GmbH Acquires 1,102 Shares of Equinix, Inc. $EQIX

MASTERINVEST Kapitalanlage GmbH increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 93.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,283 shares of the financial services provider’s stock after acquiring an additional 1,102 shares during the period. MASTERINVEST Kapitalanlage GmbH’s holdings in Equinix were worth $1,788,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EQIX. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Equinix by 5.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,157 shares of the financial services provider’s stock valued at $38,502,000 after purchasing an additional 2,698 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Equinix by 33.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 11,156 shares of the financial services provider’s stock worth $8,738,000 after purchasing an additional 2,782 shares in the last quarter. Webster Bank N. A. boosted its position in shares of Equinix by 14,704.3% in the 3rd quarter. Webster Bank N. A. now owns 3,405 shares of the financial services provider’s stock worth $2,667,000 after purchasing an additional 3,382 shares in the last quarter. Argonautica Private Wealth Management Inc. grew its stake in shares of Equinix by 4.3% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 985 shares of the financial services provider’s stock worth $771,000 after buying an additional 41 shares during the last quarter. Finally, Steinberganna Wealth Management purchased a new stake in shares of Equinix in the 3rd quarter worth approximately $1,446,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EQIX shares. Citigroup reissued a “buy” rating on shares of Equinix in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft set a $915.00 target price on shares of Equinix in a research note on Tuesday. Truist Financial raised their price target on shares of Equinix from $961.00 to $973.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Cowen reaffirmed a “buy” rating on shares of Equinix in a research report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Equinix in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $952.05.

Equinix Stock Performance

EQIX stock opened at $800.35 on Friday. The company has a market cap of $78.58 billion, a P/E ratio of 73.29, a price-to-earnings-growth ratio of 1.25 and a beta of 1.05. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $953.41. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.62 and a quick ratio of 1.62. The stock’s fifty day moving average price is $769.03 and its 200-day moving average price is $782.26.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 EPS for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Equinix had a return on equity of 7.70% and a net margin of 11.82%.Equinix’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.05 earnings per share. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. On average, equities analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, November 19th were paid a $4.69 dividend. This represents a $18.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, November 19th. Equinix’s dividend payout ratio is 171.79%.

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 159 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $731.19, for a total transaction of $116,259.21. Following the completion of the sale, the executive vice president directly owned 6,584 shares in the company, valued at approximately $4,814,154.96. The trade was a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 50 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $777.58, for a total transaction of $38,879.00. Following the completion of the transaction, the director owned 17,782 shares in the company, valued at $13,826,927.56. The trade was a 0.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,704 shares of company stock valued at $6,617,748 in the last three months. Corporate insiders own 0.27% of the company’s stock.

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.