Dearborn Partners LLC Makes New $18.65 Million Investment in Equinix, Inc. $EQIX

Dearborn Partners LLC acquired a new stake in Equinix, Inc. (NASDAQ:EQIX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,893 shares of the financial services provider’s stock, valued at approximately $18,652,000.

A number of other institutional investors have also made changes to their positions in the company. Avion Wealth grew its holdings in Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 11 shares in the last quarter. Elevation Wealth Partners LLC increased its stake in Equinix by 166.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after buying an additional 15 shares during the period. Kemnay Advisory Services Inc. acquired a new position in Equinix in the 4th quarter worth $30,000. Physician Wealth Advisors Inc. boosted its position in Equinix by 266.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after buying an additional 24 shares during the last quarter. Finally, Trust Co. of Vermont purchased a new stake in shares of Equinix during the second quarter worth about $34,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $1,076.45 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $106.22 billion, a price-to-earnings ratio of 69.31, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The business has a 50 day simple moving average of $1,051.56 and a 200-day simple moving average of $1,031.20.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period last year, the business posted $9.91 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, equities research analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s dividend payout ratio is 132.90%.

Analysts Set New Price Targets

EQIX has been the topic of several analyst reports. Weiss Ratings upgraded Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Truist Financial increased 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. HSBC restated a “buy” rating and issued a $1,400.00 price target on shares of Equinix in a research note on Friday, August 14th. Guggenheim reiterated a “buy” rating and set a $1,235.00 price objective on shares of Equinix in a research note on Wednesday, May 20th. Finally, Zacks Research lowered shares of Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Two investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,203.40.

Insider Transactions at Equinix

In related news, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction dated 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 sale, the insider owned 6,132 shares in the company, valued at $6,600,239.52. This represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a legal 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, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the completion of the transaction, the insider directly owned 4,077 shares in the company, valued at $4,384,813.50. This represents a 3.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 7,986 shares of company stock worth $8,370,777. 0.27% of the stock is currently owned by insiders.

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.