Engineers Gate Manager LP Has $65.82 Million Stock Position in Equinix, Inc. $EQIX

Engineers Gate Manager LP lifted its position in Equinix, Inc. (NASDAQ:EQIX) by 83.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 85,913 shares of the financial services provider’s stock after purchasing an additional 39,130 shares during the period. Equinix makes up about 0.8% of Engineers Gate Manager LP’s holdings, making the stock its 14th largest holding. Engineers Gate Manager LP’s holdings in Equinix were worth $65,823,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Equinix by 2.7% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock worth $382,000 after buying an additional 13 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Equinix by 2.2% in the fourth quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock worth $456,000 after buying an additional 13 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Equinix by 5.9% in the fourth quarter. UMB Bank n.a. now owns 233 shares of the financial services provider’s stock worth $179,000 after buying an additional 13 shares during the last quarter. Crestwood Advisors Group LLC lifted its stake in shares of Equinix by 3.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock worth $304,000 after buying an additional 14 shares during the last quarter. Finally, Warwick Investment Management Inc. lifted its stake in shares of Equinix by 1.7% in the fourth quarter. Warwick Investment Management Inc. now owns 922 shares of the financial services provider’s stock worth $706,000 after buying an additional 15 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Price Performance

NASDAQ:EQIX opened at $1,088.52 on Thursday. The company has a 50-day moving average of $1,070.84 and a 200-day moving average of $931.78. The company has a market capitalization of $107.35 billion, a price-to-earnings ratio of 75.33, a PEG ratio of 2.03 and a beta of 0.99. 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.

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

Equinix Announces Dividend

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

Insider Buying and Selling at Equinix

In other news, EVP Raouf Abdel sold 2,040 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the completion of the transaction, the executive vice president directly owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. This trade represents a 26.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles J. Meyers sold 5,224 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the transaction, the chairman directly owned 7,370 shares of the company’s stock, valued at $7,998,145.10. The trade was a 41.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,539 shares of company stock valued at $12,455,054 over the last quarter. 0.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

EQIX has been the subject of a number of analyst reports. Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price objective for the company in a research note on Thursday, April 30th. Weiss Ratings raised Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. Truist Financial set a $1,215.00 price target on Equinix in a research report on Friday, May 1st. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $1,235.00 price target on shares of Equinix in a research report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average target price of $1,143.60.

Equinix Company 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.