Capital Research Global Investors Has $448.36 Million Stock Position in Equinix, Inc. $EQIX

Capital Research Global Investors raised its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 1.3% in the 4th quarter, Holdings Channel reports. The firm owned 585,199 shares of the financial services provider’s stock after acquiring an additional 7,681 shares during the period. Capital Research Global Investors’ holdings in Equinix were worth $448,356,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. increased its holdings in shares of Equinix by 433.3% during the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after buying an additional 26 shares in the last quarter. Princeton Global Asset Management LLC increased its holdings in shares of 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 in the last quarter. WPG Advisers LLC increased its holdings in shares of Equinix by 51.7% during the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after buying an additional 15 shares in the last quarter. Activest Wealth Management increased its holdings in shares of Equinix by 81.5% during the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after buying an additional 22 shares in the last quarter. Finally, Aventura Private Wealth LLC acquired a new position in shares of Equinix during the fourth quarter worth $45,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EQIX has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,207.00 price target on shares of Equinix in a report on Tuesday, May 5th. Morgan Stanley upped their price target on shares of Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Monday, April 13th. Guggenheim reiterated a “buy” rating and set a $1,235.00 price target on shares of Equinix in a report on Wednesday, May 20th. 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 report on Thursday, April 30th. Finally, Oppenheimer reiterated an “outperform” rating and set a $1,200.00 price target on shares of Equinix in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Equinix presently has an average rating of “Moderate Buy” and an average target price of $1,143.60.

Equinix Stock Performance

Shares of EQIX opened at $1,080.95 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $106.60 billion, a P/E ratio of 74.81, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. The firm’s fifty day simple moving average is $1,058.36 and its two-hundred day simple moving average is $914.55. Equinix, Inc. has a 12 month low of $710.52 and a 12 month high of $1,128.68.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results 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. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, analysts predict that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Announces Dividend

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

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 424 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $1,020.00, for a total transaction of $432,480.00. Following the transaction, the insider owned 9,970 shares of the company’s stock, valued at $10,169,400. This represents a 4.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Adaire Fox-Martin sold 1,086 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $966.20, for a total transaction of $1,049,293.20. Following the transaction, the chief executive officer directly owned 19,574 shares in the company, valued at $18,912,398.80. This trade represents a 5.26% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 11,053 shares of company stock valued at $11,569,731. 0.27% of the stock is owned by corporate insiders.

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.