Polar Asset Management Partners Inc. Makes New Investment in Equinix, Inc. $EQIX

Polar Asset Management Partners Inc. bought a new stake in Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 11,700 shares of the financial services provider’s stock, valued at approximately $12,196,000.

A number of other hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Equinix by 11.5% in the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 54 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Equinix by 21.8% during the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after purchasing an additional 546 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of Equinix during the 2nd quarter worth approximately $231,000. Finally, Brown Advisory Inc. raised its position in shares of Equinix by 2.8% during the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock worth $854,000 after purchasing an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Up 1.7%

Shares of NASDAQ EQIX opened at $1,073.44 on Wednesday. The stock has a market capitalization of $105.92 billion, a PE ratio of 69.12, a P/E/G ratio of 1.50 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a fifty day moving average of $1,052.05 and a 200-day moving average of $1,027.67. Equinix, Inc. has a 52-week low of $720.62 and a 52-week high of $1,128.68.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, beating the consensus estimate of $4.73 by $7.05. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The company’s revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, analysts anticipate that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be issued a $5.16 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 1.9%. Equinix’s dividend payout ratio (DPR) is presently 132.90%.

Insider Buying and Selling at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction that occurred 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 directly owned 6,132 shares in the company, valued at $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 4,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the completion of the sale, the director directly owned 13,859 shares of the company’s stock, valued at $14,126,201.52. The trade was a 22.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,986 shares of company stock valued at $8,370,777 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on EQIX. Truist Financial upped their target price on Equinix from $1,215.00 to $1,220.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Raymond James Financial raised 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. Jefferies Financial Group restated a “buy” rating and issued a $1,340.00 price objective on shares of Equinix in a research report on Thursday, July 30th. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Zacks Research cut Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,203.40.

About Equinix

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.