BROOKFIELD Corp ON Boosts Holdings in Equinix, Inc. $EQIX

BROOKFIELD Corp ON grew its stake in Equinix, Inc. (NASDAQ:EQIX) by 9.8% during the 1st quarter, Holdings Channel reports. The firm owned 111,262 shares of the financial services provider’s stock after purchasing an additional 9,940 shares during the quarter. Equinix makes up approximately 0.1% of BROOKFIELD Corp ON’s investment portfolio, making the stock its 22nd largest position. BROOKFIELD Corp ON’s holdings in Equinix were worth $109,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EQIX. Avion Wealth increased its stake in Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after buying an additional 11 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Equinix during the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC lifted its position in shares of Equinix by 200.0% in the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 28 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position in shares of Equinix by 266.7% in the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 24 shares in the last quarter. Finally, WPG Advisers LLC boosted its stake in shares of Equinix by 51.7% in the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $1,084.24 on Monday. Equinix, Inc. has a 52-week low of $720.62 and a 52-week high of $1,128.68. The stock has a market cap of $106.93 billion, a P/E ratio of 75.03, a PEG ratio of 2.01 and a beta of 0.98. The business has a fifty day moving average of $1,056.85 and a two-hundred day moving average of $987.85. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping the consensus estimate of $4.30 by $6.49. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, research analysts expect that Equinix, Inc. will post 38.25 earnings per share for the current year.

Equinix Announces Dividend

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

Analyst Upgrades and Downgrades

EQIX has been the subject of several research reports. Evercore reiterated an “outperform” rating and set a $1,240.00 price target on shares of Equinix in a research report on Tuesday, April 28th. Morgan Stanley raised their price objective on Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a report on Monday, April 13th. BTIG Research assumed coverage on shares of Equinix in a research note on Friday, July 10th. They set a “buy” rating and a $1,210.00 target price on the stock. Wells Fargo & Company upped their target price 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. Finally, Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 target price for the company in a research report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,153.79.

Insider Activity

In other news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction that occurred on 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 sale, the director owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. The trade was a 0.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction on 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 completion of 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 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. Insiders sold 11,115 shares of company stock valued at $12,022,574 over the last three months. 0.27% of the stock is currently owned by company insiders.

Equinix 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.