Arrowstreet Capital Limited Partnership Has $163.61 Million Stock Holdings in Equinix, Inc. $EQIX

Arrowstreet Capital Limited Partnership raised its stake in Equinix, Inc. (NASDAQ:EQIX) by 33.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 213,542 shares of the financial services provider’s stock after buying an additional 54,011 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Equinix were worth $163,607,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. increased its stake in Equinix by 433.3% in the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after buying an additional 26 shares during the period. Princeton Global Asset Management LLC increased its stake in shares of Equinix by 200.0% during the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 28 shares during the last quarter. WPG Advisers LLC increased its stake in shares of Equinix by 51.7% during 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. Activest Wealth Management increased its stake in shares of Equinix by 81.5% during 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. Finally, Rossby Financial LCC increased its stake in shares of Equinix by 111.5% during the 4th quarter. Rossby Financial LCC now owns 55 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Price Performance

Shares of Equinix stock opened at $1,064.38 on Tuesday. 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 fifty-two week low of $710.52 and a fifty-two week high of $1,128.68. The firm has a fifty day moving average price of $1,067.51 and a two-hundred day moving average price of $926.97. The company has a market cap of $104.97 billion, a PE ratio of 73.66, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm earned $9.67 EPS. The business’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Analysts expect that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is presently 142.84%.

Wall Street Analysts Forecast Growth

EQIX has been the topic of several analyst reports. Wells Fargo & Company increased their price target on shares of Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Morgan Stanley increased their price target on shares of Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Monday, April 13th. Cantor Fitzgerald increased their price target on shares of Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Citigroup restated a “buy” rating on shares of Equinix in a research note on Wednesday, June 3rd. Finally, Sanford C. Bernstein initiated coverage on shares of Equinix in a report on Thursday, March 5th. They set an “outperform” rating and a $1,128.00 price objective for the company. Three investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,143.60.

Insider Buying and Selling at Equinix

In related news, Chairman Charles J. Meyers sold 5,224 shares of Equinix stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the completion of the transaction, the chairman directly owned 7,370 shares of the company’s stock, valued at $7,998,145.10. This trade represents a 41.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Raouf Abdel sold 2,040 shares of Equinix stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the transaction, the executive vice president directly owned 5,728 shares of the company’s stock, valued at $6,206,116.16. This represents a 26.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,539 shares of company stock valued at $12,455,054 over the last quarter. 0.27% of the stock is currently owned by insiders.

About Equinix

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.