Engineers Gate Manager LP Grows Stock Holdings in Equinix, Inc. $EQIX

Engineers Gate Manager LP raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 116.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 26,947 shares of the financial services provider’s stock after buying an additional 14,482 shares during the quarter. Engineers Gate Manager LP’s holdings in Equinix were worth $28,089,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EQIX. Avion Wealth grew its position in shares of Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 11 shares during the last quarter. Elevation Wealth Partners LLC lifted its position in Equinix by 166.7% in the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 15 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of Equinix in the fourth quarter valued at approximately $30,000. Physician Wealth Advisors Inc. boosted its position in shares of Equinix by 266.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 24 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new stake in Equinix during the second quarter worth about $34,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Up 0.2%

NASDAQ EQIX opened at $1,043.06 on Thursday. The firm has a market capitalization of $102.92 billion, a PE ratio of 67.16, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99. The company has a 50-day simple moving average of $1,043.48 and a 200-day simple moving average of $1,038.86. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

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

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be given 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 is Wednesday, August 19th. Equinix’s dividend payout ratio is 132.90%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Truist Financial raised their price target on Equinix from $1,215.00 to $1,220.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Citigroup reissued a “market outperform” rating on shares of Equinix in a research note on Tuesday, August 4th. UBS Group raised their target price on shares of Equinix from $1,210.00 to $1,265.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating and set a $1,340.00 price target on shares of Equinix in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,270.00 price objective on shares of Equinix in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,203.60.

Insider Activity

In other Equinix news, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of Equinix stock in a transaction on Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total value of $317,748.07. Following the transaction, the insider owned 2,450 shares in the company, valued at $2,535,774.50. This represents a 11.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,770 shares of company stock valued at $4,884,197 over the last three months. Insiders own 0.27% of the company’s stock.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides interconnection and cloud connectivity services. Its facilities, known as International Business Exchange (IBX) data centers, enable businesses, cloud providers, network operators, financial institutions and other organizations to securely house technology infrastructure and exchange data.

The company’s Platform Equinix services include colocation, private and public cloud connectivity, network interconnection, managed infrastructure and digital services.