486 Shares in Equinix, Inc. $EQIX Purchased by Haven Capital Group Inc.

Haven Capital Group Inc. purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 486 shares of the financial services provider’s stock, valued at approximately $476,000. Equinix accounts for approximately 0.4% of Haven Capital Group Inc.’s investment portfolio, making the stock its 27th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Douglas Lane & Associates LLC lifted its holdings in shares of Equinix by 3.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock valued at $85,833,000 after acquiring an additional 4,241 shares during the period. Vanderbilt University grew its holdings in shares of Equinix by 65.9% in the 4th quarter. Vanderbilt University now owns 10,298 shares of the financial services provider’s stock worth $7,890,000 after purchasing an additional 4,089 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Equinix by 6.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock worth $40,043,000 after purchasing an additional 3,108 shares during the last quarter. Perigon Wealth Management LLC increased its position in shares of Equinix by 141.1% during the 4th quarter. Perigon Wealth Management LLC now owns 3,178 shares of the financial services provider’s stock worth $2,435,000 after purchasing an additional 1,860 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. lifted its holdings in Equinix by 305.7% during the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 11,766 shares of the financial services provider’s stock valued at $9,015,000 after purchasing an additional 8,866 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Price Performance

Shares of EQIX stock opened at $1,087.61 on Friday. The firm has a market cap of $107.26 billion, a price-to-earnings ratio of 75.27, a PEG ratio of 2.03 and a beta of 0.99. Equinix, Inc. has a 12 month low of $710.52 and a 12 month high of $1,128.68. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. The stock has a 50-day moving average price of $1,078.80 and a 200 day moving average price of $947.16.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Research analysts expect that Equinix, Inc. will post 38.26 EPS for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were issued a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, May 20th. Equinix’s dividend payout ratio is currently 142.84%.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total value of $132,536.25. Following the transaction, the director owned 17,557 shares of the company’s stock, valued at $18,615,511.53. This represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the transaction, the chairman owned 7,370 shares in the company, valued at $7,998,145.10. This represents a 41.48% 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 in the last three months. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

EQIX has been the topic of several research analyst reports. Weiss Ratings cut shares of Equinix from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Wells Fargo & Company lifted their target price on shares of Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Sanford C. Bernstein started coverage on Equinix in a report on Thursday, March 5th. They issued an “outperform” rating and a $1,128.00 target price on the stock. Zacks Research cut Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Finally, The Goldman Sachs Group boosted their price objective on shares of Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Equinix has a consensus rating of “Moderate Buy” and a consensus price target of $1,151.67.

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.