Boston Research & Management Inc. Buys 511 Shares of Equinix, Inc. $EQIX

Boston Research & Management Inc. grew its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 15.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,913 shares of the financial services provider’s stock after acquiring an additional 511 shares during the period. Boston Research & Management Inc.’s holdings in Equinix were worth $2,997,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EQIX. Ameriflex Group Inc. increased its holdings in shares of Equinix by 433.3% during the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 26 shares in the last quarter. Princeton Global Asset Management LLC increased its holdings in shares of Equinix by 200.0% during the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 28 shares in the last quarter. WPG Advisers LLC increased its holdings in shares of Equinix by 51.7% during the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 15 shares in the last quarter. Activest Wealth Management increased its holdings in shares of Equinix by 81.5% during the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 22 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new position in shares of Equinix during the fourth quarter valued at $45,000. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction dated 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 transaction, the insider directly owned 6,132 shares of the company’s stock, valued at $6,600,239.52. The trade was a 37.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of Equinix stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the transaction, the chairman directly owned 7,370 shares in the company, valued at approximately $7,998,145.10. The trade was a 41.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 11,539 shares of company stock valued at $12,455,054 in the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Equinix Trading Down 2.0%

Shares of NASDAQ:EQIX opened at $1,038.33 on Thursday. The stock has a market capitalization of $102.40 billion, a price-to-earnings ratio of 71.86, a PEG ratio of 1.99 and a beta of 0.99. 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 stock’s 50-day simple moving average is $1,063.77 and its two-hundred day simple moving average is $920.63. Equinix, Inc. has a 52-week low of $710.52 and a 52-week high of $1,128.68.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.30 by $6.49. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Analysts expect that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be given a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is presently 142.84%.

Analyst Ratings Changes

Several research firms recently commented on EQIX. HSBC increased their price objective 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,207.00 price objective on shares of Equinix in a research report on Tuesday, May 5th. Barclays increased their price objective on Equinix from $1,020.00 to $1,109.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Evercore reaffirmed an “outperform” rating and set a $1,240.00 price objective on shares of Equinix in a research report on Tuesday, April 28th. Finally, Morgan Stanley increased their price objective on Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, April 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Equinix currently has an average rating of “Moderate Buy” and a consensus price target of $1,143.60.

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.