Haven Capital Group Inc. Buys Shares of 486 Equinix, Inc. $EQIX

Haven Capital Group Inc. bought a new position in Equinix, Inc. (NASDAQ:EQIX) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 486 shares of the financial services provider’s stock, valued at approximately $476,000. Equinix makes up about 0.4% of Haven Capital Group Inc.’s portfolio, making the stock its 27th largest holding.

Other hedge funds also recently modified their holdings of the company. Ameriflex Group Inc. lifted its holdings in Equinix by 433.3% in the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 26 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Equinix in the 4th quarter valued at $30,000. Princeton Global Asset Management LLC raised its holdings in Equinix by 200.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 28 shares during the period. WPG Advisers LLC raised its holdings in Equinix by 51.7% in the 4th 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 period. Finally, Activest Wealth Management lifted its position in Equinix by 81.5% during the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Transactions at Equinix

In related news, Chairman Charles J. Meyers sold 5,224 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the transaction, the chairman directly owned 7,370 shares in the company, valued at approximately $7,998,145.10. This represents a 41.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total value of $132,536.25. Following the completion of the transaction, the director directly owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. This trade represents a 0.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,539 shares of company stock worth $12,455,054 over the last 90 days. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. HSBC raised their price target on Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Oppenheimer restated an “outperform” rating and set a $1,200.00 target price on shares of Equinix in a research note on Thursday, April 30th. Wells Fargo & Company raised their target price on Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Evercore reaffirmed an “outperform” rating and issued a $1,240.00 price target on shares of Equinix in a research report on Tuesday, April 28th. Finally, Zacks Research lowered Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Equinix currently has a consensus rating of “Moderate Buy” and an average price target of $1,151.67.

Equinix Stock Performance

NASDAQ:EQIX opened at $1,087.61 on Friday. The firm’s 50-day moving average is $1,078.80 and its 200-day moving average is $947.16. Equinix, Inc. has a 52-week low of $710.52 and a 52-week high of $1,128.68. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $107.26 billion, a price-to-earnings ratio of 75.27, a PEG ratio of 2.03 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the business earned $9.67 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts anticipate that Equinix, Inc. will post 38.26 earnings per share for the current year.

Equinix Announces Dividend

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

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.