BROOKFIELD Corp ON Acquires 1,942 Shares of Equinix, Inc. $EQIX

BROOKFIELD Corp ON raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 2.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 73,197 shares of the financial services provider’s stock after purchasing an additional 1,942 shares during the period. BROOKFIELD Corp ON’s holdings in Equinix were worth $59,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinney & Scofield Inc. bought a new stake in Equinix in the 4th quarter valued at $28,000. Activest Wealth Management increased its holdings in Equinix by 121.4% in the 1st quarter. Activest Wealth Management now owns 31 shares of the financial services provider’s stock valued at $25,000 after buying an additional 17 shares during the period. GKV Capital Management Co. Inc. bought a new position in shares of Equinix during the first quarter valued at $30,000. Pacific Center for Financial Services lifted its holdings in shares of Equinix by 65.2% during the fourth quarter. Pacific Center for Financial Services now owns 38 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 15 shares during the period. Finally, Saudi Central Bank bought a new position in shares of Equinix during the first quarter valued at $31,000. Institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Raouf Abdel sold 404 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the sale, the executive vice president owned 6,378 shares in the company, valued at $4,918,139.58. The trade was a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher B. Paisley sold 75 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Equinix Trading Up 2.2%

EQIX stock opened at $797.48 on Friday. The company has a market cap of $78.04 billion, a P/E ratio of 78.11, a PEG ratio of 1.39 and a beta of 0.92. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. The business has a fifty day moving average of $779.35 and a 200-day moving average of $824.33.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $6.42. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.22 earnings per share. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, equities research analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be given a dividend of $4.69 per share. The ex-dividend date is Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. Equinix’s payout ratio is presently 183.74%.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of analyst reports. Barclays lifted their price objective on Equinix from $798.00 to $804.00 and gave the company an “equal weight” rating in a report on Wednesday, August 20th. JMP Securities reissued a “market outperform” rating and set a $1,200.00 price objective on shares of Equinix in a report on Tuesday, July 22nd. Mizuho cut their price objective on Equinix from $1,069.00 to $900.00 and set an “outperform” rating for the company in a report on Tuesday, July 1st. Wells Fargo & Company cut their price objective on Equinix from $1,065.00 to $925.00 and set an “overweight” rating for the company in a report on Thursday, June 26th. Finally, JPMorgan Chase & Co. lifted their price objective on Equinix from $935.00 to $940.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Five analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $962.52.

Equinix Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.