Metis Global Partners LLC Buys 3,116 Shares of Equinix, Inc. $EQIX

Metis Global Partners LLC lifted its position in Equinix, Inc. (NASDAQ:EQIX) by 11.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 31,412 shares of the financial services provider’s stock after acquiring an additional 3,116 shares during the quarter. Equinix accounts for about 0.6% of Metis Global Partners LLC’s investment portfolio, making the stock its 20th largest holding. Metis Global Partners LLC’s holdings in Equinix were worth $24,987,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EQIX. Elliott Investment Management L.P. purchased a new stake in Equinix during the first quarter valued at $122,302,000. Gradient Investments LLC grew its stake in shares of Equinix by 19.4% in the 2nd quarter. Gradient Investments LLC now owns 24,684 shares of the financial services provider’s stock worth $19,635,000 after buying an additional 4,015 shares in the last quarter. Partners Group Holding AG increased its holdings in shares of Equinix by 10.6% in the 1st quarter. Partners Group Holding AG now owns 51,787 shares of the financial services provider’s stock worth $42,225,000 after buying an additional 4,968 shares during the last quarter. Focus Partners Wealth raised its position in shares of Equinix by 19.4% during the 1st quarter. Focus Partners Wealth now owns 2,573 shares of the financial services provider’s stock valued at $2,098,000 after buying an additional 418 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Equinix by 11.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 22,058 shares of the financial services provider’s stock valued at $17,985,000 after acquiring an additional 2,311 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Up 0.7%

NASDAQ EQIX opened at $824.75 on Friday. The stock has a market cap of $80.98 billion, a PE ratio of 75.53, a PEG ratio of 1.38 and a beta of 0.92. Equinix, Inc. has a 12 month low of $701.41 and a 12 month high of $994.03. The company’s 50-day moving average price is $800.57 and its 200-day moving average price is $817.88. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. Equinix had a net margin of 11.82% and a return on equity of 7.74%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $9.05 EPS. Equinix has set its Q4 2025 guidance at EPS. FY 2025 guidance at 37.950-38.77 EPS. Equities research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th will be issued a $4.69 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.3%. Equinix’s payout ratio is presently 171.79%.

Insider Buying and Selling

In other Equinix news, EVP Raouf Abdel sold 404 shares of the firm’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 transaction, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher B. Paisley sold 75 shares of Equinix stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director directly owned 17,832 shares of the company’s stock, valued at approximately $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 579 shares of company stock valued at $454,188 over the last quarter. 0.27% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EQIX. Morgan Stanley began coverage on Equinix in a research note on Thursday, October 16th. They set an “overweight” rating and a $950.00 price objective on the stock. Daiwa Capital Markets set a $917.00 target price on Equinix and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a report on Saturday. Cowen reaffirmed a “buy” rating on shares of Equinix in a research note on Thursday, October 30th. Finally, TD Cowen boosted their price objective on shares of Equinix from $993.00 to $995.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Equinix presently has an average rating of “Buy” and a consensus target price of $960.76.

Equinix Company 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.