Osmosis Investment Management UK Ltd Acquires Shares of 9,797 Equinix, Inc. $EQIX

Osmosis Investment Management UK Ltd acquired a new position in Equinix, Inc. (NASDAQ:EQIX) in the second quarter, Holdings Channel reports. The firm acquired 9,797 shares of the financial services provider’s stock, valued at approximately $10,212,000.

A number of other institutional investors have also recently bought and sold shares of EQIX. BlackRock Inc. purchased a new position in Equinix during the second quarter valued at approximately $11,930,074,000. Norges Bank acquired a new position in shares of Equinix during the 4th quarter valued at about $984,355,000. Deutsche Bank AG acquired a new position in Equinix in the 2nd quarter valued at $1,118,930,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Equinix by 408.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock worth $929,312,000 after buying an additional 953,001 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Equinix during the 2nd quarter worth about $598,815,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Performance

EQIX stock opened at $1,065.39 on Monday. The company has a market cap of $105.12 billion, a P/E ratio of 68.60, a PEG ratio of 1.51 and a beta of 0.99. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The business has a fifty day moving average of $1,052.66 and a 200-day moving average of $1,023.98.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $7.05. The business had revenue of $2.62 billion for 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 quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, equities research analysts expect that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be given a dividend of $5.16 per share. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. Equinix’s dividend payout ratio is presently 132.90%.

Insider Activity

In other news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the sale, the insider owned 6,132 shares in the company, valued at $6,600,239.52. The trade was a 37.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the sale, the director directly owned 13,859 shares of the company’s stock, valued at approximately $14,126,201.52. This trade represents a 22.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 7,986 shares of company stock valued at $8,370,777. 0.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on EQIX shares. BTIG Research assumed coverage on shares of Equinix in a research note on Friday, July 10th. They issued a “buy” rating and a $1,210.00 target price on the stock. Evercore reissued an “outperform” rating and set a $1,270.00 price objective on shares of Equinix in a report on Tuesday, August 18th. Stifel Nicolaus raised their price objective 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. Raymond James Financial raised shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 target price for the company in a research note on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.