Van ECK Associates Corp Has $36.14 Million Stock Position in Equinix, Inc. $EQIX

Van ECK Associates Corp grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,673 shares of the financial services provider’s stock after purchasing an additional 771 shares during the quarter. Van ECK Associates Corp’s holdings in Equinix were worth $36,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. SJS Investment Consulting Inc. increased its position in Equinix by 27.3% during the first quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock worth $41,000 after buying an additional 9 shares during the last quarter. Fulton Bank N.A. lifted its position in shares of Equinix by 3.1% in the second quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider’s stock worth $342,000 after buying an additional 10 shares during the last quarter. Avion Wealth lifted its position in shares of Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after buying an additional 11 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Equinix by 1.3% during the 1st quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock worth $912,000 after acquiring an additional 12 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Equinix by 30.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 12 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Transactions at Equinix

In related news, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the transaction, the insider owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the transaction, the director owned 13,734 shares of the company’s stock, valued at approximately $15,156,567.72. The trade was a 0.90% 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. Over the last quarter, insiders have sold 7,986 shares of company stock worth $8,370,777. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

EQIX has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price objective on Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Mizuho upped their target price on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. TD Cowen increased their price target on Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Royal Bank Of Canada lifted their price target on shares of Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, Barclays boosted their price objective on shares of Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 1st. Two research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,203.40.

Equinix Stock Performance

Shares of NASDAQ:EQIX opened at $1,044.41 on Monday. The company has a market cap of $103.05 billion, a P/E ratio of 67.25, a P/E/G ratio of 1.48 and a beta of 0.99. The stock’s 50-day moving average is $1,050.60 and its 200-day moving average is $1,032.51. Equinix, Inc. has a 52-week low of $720.62 and a 52-week 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 quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share 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 business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the firm earned $9.91 EPS. 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. Equities research analysts predict that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Announces Dividend

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 given a $5.16 dividend. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s dividend payout ratio is currently 132.90%.

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.