Equinix, Inc. $EQIX Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its stake in Equinix, Inc. (NASDAQ:EQIX) by 4.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,587 shares of the financial services provider’s stock after acquiring an additional 598 shares during the quarter. Yousif Capital Management LLC’s holdings in Equinix were worth $13,745,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of EQIX. BlackRock Inc. purchased a new position in Equinix in the second quarter valued at about $11,930,074,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Equinix by 26,831.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock worth $1,291,648,000 after purchasing an additional 1,234,521 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Equinix during the 2nd quarter worth about $1,181,260,000. Canada Pension Plan Investment Board acquired a new stake in shares of Equinix during the 2nd quarter valued at about $1,163,662,000. Finally, Deutsche Bank AG acquired a new stake in shares of Equinix during the 2nd quarter valued at about $1,118,930,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on EQIX. BTIG Research increased their price objective on Equinix from $1,210.00 to $1,240.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. BNP Paribas Exane reduced their target price on shares of Equinix from $1,222.00 to $1,219.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Evercore reissued an “outperform” rating and issued a $1,270.00 target price (up from $1,240.00) on shares of Equinix in a research report on Tuesday, August 18th. Rothschild & Co Redburn initiated coverage on shares of Equinix in a research note on Monday, September 21st. They set a “buy” rating and a $1,261.00 price target on the stock. Finally, Cantor Fitzgerald raised their price target on shares of Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,215.68.

Equinix Stock Performance

EQIX traded up $2.41 on Friday, hitting $955.03. The company had a trading volume of 605,639 shares, compared to its average volume of 513,465. The company’s fifty day moving average price is $1,029.34 and its 200 day moving average price is $1,048.97. Equinix, Inc. has a 1-year low of $720.62 and a 1-year 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 has a market cap of $94.23 billion, a price-to-earnings ratio of 61.50, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating 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 company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the company posted $9.91 earnings per share. The company’s revenue for the quarter 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 analysts predict that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were issued a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is 132.90%.

Insider Buying and Selling

In other news, insider Michael Paladin sold 307 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total value of $317,748.07. Following the sale, the insider directly owned 2,450 shares of the company’s stock, valued at approximately $2,535,774.50. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the completion of the sale, the director directly owned 13,859 shares in the company, valued at approximately $14,126,201.52. This represents a 22.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,770 shares of company stock worth $4,884,197 in the last quarter. 0.27% of the stock is currently owned by company insiders.

About Equinix

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.