Deltec Asset Management LLC Takes Position in Equinix, Inc. $EQIX

Deltec Asset Management LLC acquired a new position in Equinix, Inc. (NASDAQ:EQIX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,050 shares of the financial services provider’s stock, valued at approximately $822,000.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Equinix by 11.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 54 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Equinix by 21.8% in the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after buying an additional 546 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Equinix by 19.4% in the first quarter. Focus Partners Wealth now owns 2,573 shares of the financial services provider’s stock valued at $2,098,000 after buying an additional 418 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in Equinix by 10.9% during the first quarter. Intech Investment Management LLC now owns 3,094 shares of the financial services provider’s stock worth $2,523,000 after buying an additional 305 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. The Goldman Sachs Group cut shares of Equinix from a “buy” rating to a “neutral” rating and set a $795.00 price target for the company. in a research note on Thursday, December 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equinix in a research note on Wednesday, October 8th. Citigroup reissued a “buy” rating on shares of Equinix in a research report on Thursday, December 11th. Wall Street Zen lowered Equinix from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Morgan Stanley initiated coverage on shares of Equinix in a research report on Thursday, October 16th. They set an “overweight” rating and a $950.00 price objective for the company. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Equinix currently has an average rating of “Moderate Buy” and a consensus target price of $952.05.

Insider Activity

In other news, insider Kurt Pletcher sold 290 shares of Equinix stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $731.19, for a total value of $212,045.10. Following the completion of the sale, the insider directly owned 2,433 shares in the company, valued at approximately $1,778,985.27. The trade was a 10.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan Lin sold 124 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $731.18, for a total value of $90,666.32. Following the completion of the sale, the insider owned 8,299 shares of the company’s stock, valued at approximately $6,068,062.82. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 8,704 shares of company stock worth $6,617,748. Insiders own 0.27% of the company’s stock.

Equinix Stock Performance

EQIX opened at $800.35 on Friday. 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 business has a fifty day simple moving average of $769.03 and a 200 day simple moving average of $782.26. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $953.41. The company has a market capitalization of $78.58 billion, a PE ratio of 73.29, a price-to-earnings-growth ratio of 1.25 and a beta of 1.05.

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

Equinix Announces Dividend

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

Equinix Company 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.