Theleme Partners LLP Makes New $110.08 Million Investment in Equinix, Inc. $EQIX

Theleme Partners LLP purchased a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 105,603 shares of the financial services provider’s stock, valued at approximately $110,080,000. Equinix comprises 6.5% of Theleme Partners LLP’s portfolio, making the stock its 6th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. SJS Investment Consulting Inc. lifted its holdings in shares of Equinix by 27.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 9 shares during the last quarter. Fulton Bank N.A. increased its holdings in Equinix by 3.1% in the 2nd quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 10 shares during the last quarter. Avion Wealth increased its holdings in Equinix by 73.3% in the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 11 shares during the last quarter. Blue Trust Inc. raised its position in Equinix by 1.3% in the first quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock valued at $912,000 after purchasing an additional 12 shares during the period. Finally, Cornerstone Planning Group LLC raised its position in Equinix by 30.8% in the first quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 12 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 4,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the sale, the director owned 13,859 shares in the company, valued at $14,126,201.52. This represents a 22.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the sale, the insider directly owned 6,132 shares in the company, valued at $6,600,239.52. This represents a 37.80% decrease in their position. 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 sold 7,986 shares of company stock valued at $8,370,777 in the last three months. 0.27% of the stock is owned by corporate insiders.

Equinix Price Performance

Equinix stock opened at $1,065.39 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a 52-week low of $720.62 and a 52-week high of $1,128.68. The firm has a market cap of $105.12 billion, a PE ratio of 68.60, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99. The company’s 50 day moving average is $1,052.66 and its two-hundred day moving average is $1,023.98.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping 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 business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the firm posted $9.91 earnings per share. The company’s quarterly 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, research analysts expect that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be paid a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s payout ratio is presently 132.90%.

Wall Street Analysts Forecast Growth

EQIX has been the subject of several research analyst reports. Evercore restated an “outperform” rating and set a $1,270.00 price target on shares of Equinix in a research report on Tuesday, August 18th. Raymond James Financial upgraded Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price objective on the stock in a report on Thursday, April 30th. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Mizuho raised their target price on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, The Goldman Sachs Group raised their target price on Equinix from $894.00 to $1,015.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,203.40.

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.