Nicollet Investment Management Inc. Acquires 1,279 Shares of Equinix, Inc. $EQIX

Nicollet Investment Management Inc. increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 18.8% during the 4th quarter, HoldingsChannel reports. The firm owned 8,081 shares of the financial services provider’s stock after purchasing an additional 1,279 shares during the period. Equinix comprises approximately 2.0% of Nicollet Investment Management Inc.’s holdings, making the stock its 15th largest holding. Nicollet Investment Management Inc.’s holdings in Equinix were worth $6,191,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Sharpepoint LLC bought a new position in shares of Equinix during the 4th quarter valued at about $1,919,000. Wellspring Financial Advisors LLC bought a new position in shares of Equinix during the 4th quarter valued at about $280,000. GWN Securities Inc. lifted its holdings in shares of Equinix by 27.8% during the 4th quarter. GWN Securities Inc. now owns 727 shares of the financial services provider’s stock valued at $557,000 after purchasing an additional 158 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Equinix by 8.7% during the 4th quarter. Metis Global Partners LLC now owns 39,756 shares of the financial services provider’s stock valued at $30,459,000 after purchasing an additional 3,169 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Equinix by 30.0% during the 4th quarter. Deutsche Bank AG now owns 1,094,808 shares of the financial services provider’s stock valued at $838,798,000 after purchasing an additional 252,964 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In other Equinix news, Chairman Charles J. Meyers sold 5,224 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the transaction, the executive vice president directly owned 5,728 shares in the company, valued at $6,206,116.16. This trade represents a 26.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,539 shares of company stock worth $12,455,054 over the last 90 days. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

EQIX has been the topic of several recent analyst reports. Oppenheimer reiterated an “outperform” rating and set a $1,200.00 price objective on shares of Equinix in a report on Thursday, April 30th. Cantor Fitzgerald lifted their price objective on Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Citigroup reiterated a “buy” rating on shares of Equinix in a report on Wednesday, June 3rd. Mizuho boosted their target price on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company boosted their target price on Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,143.60.

Equinix Stock Down 2.0%

NASDAQ:EQIX opened at $1,038.33 on Thursday. The firm has a market capitalization of $102.40 billion, a price-to-earnings ratio of 71.86, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99. Equinix, Inc. has a twelve month low of $710.52 and a twelve month high of $1,128.68. The stock’s 50 day moving average price is $1,063.77 and its two-hundred day moving average price is $920.63. 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 (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping the consensus estimate of $4.30 by $6.49. The firm had revenue of $2.44 billion for 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%.The business’s quarterly 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. Equities research analysts expect that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be given a dividend of $5.16 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. Equinix’s payout ratio 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.