Arrowstreet Capital Limited Partnership Increases Stake in Equinix, Inc. $EQIX

Arrowstreet Capital Limited Partnership lifted its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 15.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 247,129 shares of the financial services provider’s stock after buying an additional 33,587 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Equinix were worth $242,246,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Douglas Lane & Associates LLC lifted its holdings in Equinix by 3.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock worth $85,833,000 after buying an additional 4,241 shares during the period. Vanderbilt University increased its stake in shares of Equinix by 65.9% during the fourth quarter. Vanderbilt University now owns 10,298 shares of the financial services provider’s stock valued at $7,890,000 after buying an additional 4,089 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Equinix by 6.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock valued at $40,043,000 after acquiring an additional 3,108 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in shares of Equinix by 141.1% during the fourth quarter. Perigon Wealth Management LLC now owns 3,178 shares of the financial services provider’s stock valued at $2,435,000 after acquiring an additional 1,860 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Equinix by 10.5% in the fourth quarter. Legal & General Group Plc now owns 1,235,674 shares of the financial services provider’s stock worth $946,724,000 after acquiring an additional 117,101 shares during the period. 94.94% of the stock is owned by institutional investors.

Insider Transactions at Equinix

In related news, Chairman Charles J. Meyers sold 5,224 shares of Equinix stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the sale, the chairman 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. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brandi Galvin Morandi sold 3,726 shares of the company’s stock in a transaction dated 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 11,115 shares of company stock valued at $12,022,574. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EQIX shares. Guggenheim reiterated a “buy” rating and issued a $1,235.00 price target on shares of Equinix in a report on Wednesday, May 20th. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. HSBC boosted their price target on shares of Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Cantor Fitzgerald raised their price objective on Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Oppenheimer restated an “outperform” rating and set a $1,200.00 target price on shares of Equinix in a report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,153.79.

Equinix Trading Up 4.9%

Shares of NASDAQ:EQIX opened at $1,084.24 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68. The company has a market cap of $106.93 billion, a P/E ratio of 75.03, a PEG ratio of 1.92 and a beta of 0.98. The stock’s fifty day moving average price is $1,056.85 and its 200-day moving average price is $986.34.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.Equinix’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Sell-side analysts expect that Equinix, Inc. will post 38.25 earnings per share for the current year.

Equinix Announces Dividend

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

Equinix 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.