Vanderbilt University Acquires 535 Shares of Equinix, Inc. $EQIX

Vanderbilt University grew its holdings in Equinix, Inc. (NASDAQ:EQIX) by 5.2% during the first quarter, HoldingsChannel reports. The fund owned 10,833 shares of the financial services provider’s stock after purchasing an additional 535 shares during the period. Equinix accounts for about 2.0% of Vanderbilt University’s investment portfolio, making the stock its 6th biggest holding. Vanderbilt University’s holdings in Equinix were worth $10,619,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ameriflex Group Inc. lifted its position in shares of Equinix by 433.3% during the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after buying an additional 26 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in Equinix during the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC increased its position in Equinix by 200.0% during the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after buying an additional 28 shares during the period. WPG Advisers LLC increased its holdings in shares of Equinix by 51.7% in the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 15 shares during the period. Finally, Activest Wealth Management increased its stake in Equinix by 81.5% in the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 22 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In other news, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the completion of the transaction, the executive vice president directly owned 5,728 shares of the company’s stock, valued at $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction on 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 sale, the insider directly owned 6,132 shares in the company, valued at approximately $6,600,239.52. The trade was 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 a total of 11,539 shares of company stock worth $12,455,054 in the last quarter. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on EQIX shares. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. HSBC boosted their price objective on shares of Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Evercore reaffirmed an “outperform” rating and issued a $1,240.00 target price on shares of Equinix in a report on Tuesday, April 28th. JPMorgan Chase & Co. boosted their target price on Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Sanford C. Bernstein began coverage on Equinix in a report on Thursday, March 5th. They issued an “outperform” rating and a $1,128.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

Equinix Trading Down 1.9%

NASDAQ:EQIX opened at $1,095.00 on Thursday. The company has a market capitalization of $107.99 billion, a PE ratio of 75.78, a price-to-earnings-growth ratio of 2.07 and a beta of 0.99. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 52-week low of $710.52 and a 52-week high of $1,128.68. The stock has a fifty day simple moving average of $1,078.20 and a 200-day simple moving average of $944.72.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the company earned $9.67 EPS. The firm’s revenue 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 expect that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were 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 of this dividend was Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is 142.84%.

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.