Tobam Purchases 473 Shares of Equinix, Inc. $EQIX

Tobam boosted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 514.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 565 shares of the financial services provider’s stock after acquiring an additional 473 shares during the quarter. Tobam’s holdings in Equinix were worth $433,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EQIX. Clearwave Capital LLC bought a new stake in shares of Equinix in the 4th quarter worth $206,000. Wick Capital Partners LLC bought a new position in shares of Equinix during the fourth quarter valued at $214,000. Groupama Asset Managment lifted its holdings in shares of Equinix by 4.9% during the fourth quarter. Groupama Asset Managment now owns 33,885 shares of the financial services provider’s stock valued at $25,961,000 after purchasing an additional 1,570 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in shares of Equinix during the fourth quarter valued at $204,000. Finally, Virtu Financial LLC boosted its position in shares of Equinix by 47.4% during the fourth quarter. Virtu Financial LLC now owns 2,614 shares of the financial services provider’s stock valued at $2,002,000 after buying an additional 841 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the sale, the insider owned 6,132 shares of the company’s stock, valued at $6,600,239.52. The trade was a 37.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the sale, the chairman owned 7,370 shares of the company’s stock, valued at $7,998,145.10. This trade represents a 41.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,539 shares of company stock valued at $12,455,054 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

EQIX stock opened at $1,092.19 on Friday. The company has a market cap of $107.71 billion, a price-to-earnings ratio of 75.58, a P/E/G ratio of 2.03 and a beta of 0.99. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. The business’s 50-day moving average is $1,074.03 and its two-hundred day moving average is $935.26. Equinix, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68.

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

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were given a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, May 20th. Equinix’s payout ratio is 142.84%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays boosted their target price on Equinix from $1,020.00 to $1,109.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Truist Financial set a $1,215.00 price target on shares of Equinix in a research note on Friday, May 1st. TD Cowen boosted their price objective on shares of Equinix from $1,123.00 to $1,143.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Guggenheim restated a “buy” rating and set a $1,235.00 price objective on shares of Equinix in a research report on Wednesday, May 20th. Finally, Scotiabank raised their target price on shares of Equinix from $1,050.00 to $1,120.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

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.