Dearborn Partners LLC Acquires New Position in Equinix, Inc. $EQIX

Dearborn Partners LLC bought a new position in Equinix, Inc. (NASDAQ:EQIX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,392 shares of the financial services provider’s stock, valued at approximately $19,989,000.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Equinix during the 2nd quarter valued at approximately $11,930,074,000. Norges Bank bought a new stake in Equinix in the fourth quarter valued at $984,355,000. Deutsche Bank AG bought a new stake in Equinix in the second quarter valued at $1,118,930,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Equinix by 408.1% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock valued at $929,312,000 after purchasing an additional 953,001 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Equinix during the second quarter worth approximately $598,815,000. 94.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EQIX has been the subject of several research analyst reports. Evercore reaffirmed an “outperform” rating and issued a $1,270.00 price objective on shares of Equinix in a report on Tuesday, August 18th. Guggenheim reissued a “buy” rating and set a $1,235.00 price objective on shares of Equinix in a research note on Wednesday, May 20th. Stifel Nicolaus boosted their price objective on Equinix from $1,250.00 to $1,265.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Royal Bank Of Canada upped their price objective on shares of Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Equinix has a consensus rating of “Moderate Buy” and a consensus target price of $1,203.40.

Equinix Trading Down 1.0%

NASDAQ:EQIX opened at $1,055.20 on Tuesday. The stock has a market cap of $104.12 billion, a PE ratio of 67.95, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50-day moving average is $1,052.48 and its two-hundred day moving average is $1,025.76.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period in the prior year, the firm earned $9.91 earnings per share. The firm’s 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. As a group, equities research analysts forecast that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $5.16 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. Equinix’s dividend payout ratio (DPR) is 132.90%.

Insider Activity

In other news, insider Kurt Pletcher sold 135 shares of the business’s stock in a transaction 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 $4,384,813.50. The trade was a 3.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the transaction, the insider directly owned 6,132 shares in the company, valued at $6,600,239.52. This trade represents a 37.80% 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 7,986 shares of company stock worth $8,370,777 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

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.