Van ECK Associates Corp Has $36.14 Million Holdings in Equinix, Inc. $EQIX

Van ECK Associates Corp increased its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,673 shares of the financial services provider’s stock after purchasing an additional 771 shares during the period. Van ECK Associates Corp’s holdings in Equinix were worth $36,143,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EQIX. BlackRock Inc. acquired a new stake in Equinix during the second quarter worth $11,930,074,000. Cohen & Steers Inc. raised its stake in shares of Equinix by 23.3% in the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock valued at $1,998,978,000 after buying an additional 493,141 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Equinix by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider’s stock valued at $1,959,731,000 after buying an additional 25,383 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Equinix by 1.4% during the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock worth $1,941,377,000 after purchasing an additional 27,643 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Equinix by 0.6% during the 4th quarter. Northern Trust Corp now owns 1,500,506 shares of the financial services provider’s stock worth $1,149,628,000 after buying an additional 9,614 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Price Performance

Equinix stock opened at $1,044.41 on Monday. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68. The stock’s 50 day moving average is $1,050.60 and its 200-day moving average is $1,032.51. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $103.05 billion, a price-to-earnings ratio of 67.25, a PEG ratio of 1.48 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping the consensus estimate of $4.73 by $7.05. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities research analysts expect that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. Equinix’s dividend payout ratio (DPR) is currently 132.90%.

Insider Activity

In other Equinix news, insider Kurt Pletcher sold 135 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the completion of the sale, the insider owned 4,077 shares of the company’s stock, valued at $4,384,813.50. The trade was a 3.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the transaction, the insider owned 6,132 shares in the company, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 7,986 shares of company stock valued at $8,370,777. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. TD Cowen increased their price target on shares of Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Scotiabank reaffirmed a “sector perform” rating and issued a $1,208.00 price target on shares of Equinix in a research note on Thursday, July 30th. HSBC reiterated a “buy” rating and issued a $1,400.00 price target on shares of Equinix in a report on Friday, August 14th. Stifel Nicolaus raised their target price on shares of Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings raised shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and an average price target of $1,203.40.

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.