Fisher Funds Management LTD Buys 568 Shares of Equinix, Inc. $EQIX

Fisher Funds Management LTD raised its stake in Equinix, Inc. (NASDAQ:EQIX) by 2.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,071 shares of the financial services provider’s stock after acquiring an additional 568 shares during the quarter. Fisher Funds Management LTD’s holdings in Equinix were worth $22,615,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ameriflex Group Inc. lifted its position 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 worth $25,000 after purchasing an additional 26 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Equinix in the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC increased its holdings in shares of Equinix by 200.0% in the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 28 shares in the last quarter. WPG Advisers LLC raised its position in Equinix by 51.7% in the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 15 shares during the last quarter. Finally, Activest Wealth Management raised its position in Equinix by 81.5% in the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 22 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EQIX has been the topic of a number of recent research reports. 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. The Goldman Sachs Group boosted their target price on Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Cantor Fitzgerald raised their price target on Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Citigroup reiterated a “buy” rating on shares of Equinix in a research report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,143.60.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total value of $132,536.25. Following the sale, the director directly owned 17,557 shares in the company, valued at $18,615,511.53. The trade was a 0.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 dated Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total value 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. This represents a 37.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 11,539 shares of company stock worth $12,455,054. Company insiders own 0.27% of the company’s stock.

Equinix Price Performance

Shares of EQIX stock opened at $1,092.19 on Monday. The firm has a fifty day moving average of $1,074.03 and a 200-day moving average of $936.69. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 12-month low of $710.52 and a 12-month high of $1,128.68. The company has a market capitalization of $107.71 billion, a price-to-earnings ratio of 75.58, a P/E/G ratio of 2.03 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last issued 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 business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the business posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, equities research analysts predict that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th were paid a $5.16 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix’s dividend payout ratio (DPR) is currently 142.84%.

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.