Boothbay Fund Management LLC Boosts Holdings in Equinix, Inc. $EQIX

Boothbay Fund Management LLC lifted its position in Equinix, Inc. (NASDAQ:EQIX) by 20.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 56,206 shares of the financial services provider’s stock after purchasing an additional 9,481 shares during the quarter. Equinix accounts for approximately 0.7% of Boothbay Fund Management LLC’s holdings, making the stock its 3rd biggest holding. Boothbay Fund Management LLC’s holdings in Equinix were worth $43,063,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Ameriflex Group Inc. grew its holdings in shares of Equinix by 433.3% in the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 26 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Equinix in the 4th quarter worth about $30,000. Princeton Global Asset Management LLC grew its holdings in shares of Equinix by 200.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 28 shares during the last quarter. WPG Advisers LLC grew 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 worth $34,000 after purchasing an additional 15 shares during the last quarter. Finally, Activest Wealth Management grew its holdings in Equinix by 81.5% during the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 3,726 shares of the firm’s 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 transaction, the insider owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. This trade represents a 37.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the completion of the transaction, the director directly owned 17,557 shares in the company, valued at $18,615,511.53. This trade represents a 0.71% 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 over the last quarter. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on EQIX shares. JPMorgan Chase & Co. increased their price objective on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Oppenheimer reissued an “outperform” rating and set a $1,200.00 price objective on shares of Equinix in a report on Thursday, April 30th. Raymond James Financial raised shares of 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. Mizuho increased their price objective on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, Wells Fargo & Company increased their price objective on shares of Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,143.60.

Equinix Stock Down 0.6%

Shares of NASDAQ EQIX opened at $1,088.52 on Thursday. The firm has a market capitalization of $107.35 billion, a PE ratio of 75.33, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 1 year low of $710.52 and a 1 year high of $1,128.68. The firm’s 50-day moving average is $1,070.84 and its 200-day moving average is $931.78.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.30 by $6.49. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities analysts expect that Equinix, Inc. will post 38.26 EPS for the current year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were paid a $5.16 dividend. This represents a $20.64 annualized dividend 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 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.