UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 1,234,521 Shares of Equinix, Inc. $EQIX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 26,831.6% in the second quarter, Holdings Channel reports. The fund owned 1,239,122 shares of the financial services provider’s stock after acquiring an additional 1,234,521 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Equinix were worth $1,291,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its position in Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after buying an additional 73 shares during the period. Integrated Wealth Concepts LLC boosted 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 acquiring an additional 54 shares during the period. Empowered Funds LLC grew its stake in shares of Equinix by 21.8% in the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after acquiring an additional 546 shares during the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of Equinix in the second quarter worth $231,000. Finally, Brown Advisory Inc. increased its position in Equinix by 2.8% during the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock worth $854,000 after acquiring an additional 29 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Equinix Stock Performance

EQIX opened at $1,044.41 on Friday. The stock’s 50 day simple moving average is $1,050.60 and its 200-day simple moving average is $1,031.29. 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 stock has a market cap of $103.05 billion, a PE ratio of 67.25, a P/E/G ratio of 1.48 and a beta of 0.99. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 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 during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period last year, the business earned $9.91 earnings per share. Equinix’s quarterly revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Sell-side analysts forecast that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders 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 2.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is presently 132.90%.

Analysts Set New Price Targets

Several equities analysts recently commented on EQIX shares. Zacks Research cut shares of Equinix from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Jefferies Financial Group restated a “buy” rating and issued a $1,340.00 price target on shares of Equinix in a research report on Thursday, July 30th. Evercore restated an “outperform” rating and set a $1,270.00 price objective on shares of Equinix in a report on Tuesday, August 18th. Guggenheim reaffirmed a “buy” rating and set a $1,235.00 price objective on shares of Equinix in a research report on Wednesday, May 20th. Finally, Cantor Fitzgerald increased their target price on shares of Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and a consensus target price of $1,203.40.

Insider Transactions at Equinix

In other news, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the sale, the insider directly owned 4,077 shares in the company, valued at approximately $4,384,813.50. The trade was a 3.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were 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 in the company, valued at approximately $14,126,201.52. The trade was a 22.40% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 7,986 shares of company stock valued at $8,370,777. Company insiders own 0.27% of the company’s stock.

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.