16,368 Equinix, Inc. $EQIX Shares Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP reduced its position in Equinix, Inc. (NASDAQ:EQIX) by 4.7% in the third quarter, Holdings Channel.com reports. The fund owned 330,500 shares of the financial services provider’s stock after selling 16,368 shares during the quarter. Equinix makes up about 3.6% of Sustainable Growth Advisers LP’s holdings, making the stock its 10th biggest holding. Sustainable Growth Advisers LP’s holdings in Equinix were worth $334,327,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Equinix during the second quarter valued at approximately $11,930,074,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Equinix by 26,831.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock worth $1,291,648,000 after purchasing an additional 1,234,521 shares in the last quarter. Legal & General Group Plc purchased a new stake in Equinix in the 2nd quarter worth approximately $1,181,260,000. Canada Pension Plan Investment Board bought a new position in Equinix in the 2nd quarter valued at $1,163,662,000. Finally, Deutsche Bank AG bought a new position in Equinix in the 2nd quarter valued at $1,118,930,000. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EQIX has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their price target 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. TD Cowen lifted their price target on Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. HSBC dropped their price target on Equinix from $1,400.00 to $1,380.00 and set a “buy” rating for the company in a research report on Wednesday, September 23rd. Jefferies Financial Group reissued a “buy” rating and set a $1,340.00 price objective (up from $1,300.00) on shares of Equinix in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,270.00 price objective (up from $1,207.00) on shares of Equinix in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,206.55.

Equinix Stock Performance

Equinix stock opened at $996.26 on Friday. The firm’s fifty day moving average price is $1,039.57 and its 200-day moving average price is $1,049.94. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $98.30 billion, a P/E ratio of 64.15, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68.

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

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were given a dividend of $5.16 per share. The ex-dividend date was Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a yield of 2.1%. Equinix’s dividend payout ratio (DPR) is presently 132.90%.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 125 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the transaction, the director directly owned 13,734 shares in the company, valued at approximately $15,156,567.72. This represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the 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 transaction, the insider owned 4,077 shares in the company, valued at $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,770 shares of company stock valued at $4,884,197 over the last 90 days. Insiders own 0.27% of the company’s stock.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.

The company’s services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.