Partners Group Holding AG Has $33.81 Million Stake in Equinix, Inc. $EQIX

Partners Group Holding AG lowered its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,127 shares of the financial services provider’s stock after selling 969 shares during the quarter. Equinix comprises approximately 2.3% of Partners Group Holding AG’s investment portfolio, making the stock its 19th biggest position. Partners Group Holding AG’s holdings in Equinix were worth $33,808,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Paragon Private Wealth Management LLC boosted its holdings in shares of Equinix by 2.7% in the 3rd quarter. Paragon Private Wealth Management LLC now owns 495 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 13 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Equinix by 40.6% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 13 shares in the last quarter. Crestwood Advisors Group LLC boosted its holdings in shares of Equinix by 3.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 14 shares in the last quarter. Howard Capital Management Inc. boosted its holdings in shares of Equinix by 2.3% during the 3rd quarter. Howard Capital Management Inc. now owns 664 shares of the financial services provider’s stock valued at $520,000 after acquiring an additional 15 shares in the last quarter. Finally, Warwick Investment Management Inc. raised its position in Equinix by 1.7% during the 4th quarter. Warwick Investment Management Inc. now owns 922 shares of the financial services provider’s stock worth $706,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Down 1.3%

Shares of EQIX stock opened at $1,048.43 on Wednesday. The company’s fifty day simple moving average is $1,030.84 and its two-hundred day simple moving average is $891.04. 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 1 year low of $710.52 and a 1 year high of $1,128.68. The stock has a market capitalization of $103.40 billion, a price-to-earnings ratio of 72.56, a PEG ratio of 2.00 and a beta of 1.01.

Equinix (NASDAQ:EQIX) last issued 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. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the firm posted $9.67 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, analysts anticipate that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be issued a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. Equinix’s dividend payout ratio is presently 142.84%.

Insider Transactions at Equinix

In other news, EVP Raouf Abdel sold 584 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $965.69, for a total value of $563,962.96. Following the transaction, the executive vice president owned 7,768 shares of the company’s stock, valued at approximately $7,501,479.92. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Charles J. Meyers sold 5,224 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was 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 in the company, valued at approximately $7,998,145.10. The trade was a 41.48% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 11,729 shares of company stock valued at $11,980,800. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EQIX. Raymond James Financial raised 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 report on Thursday, April 30th. Cantor Fitzgerald boosted their target price on Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Stifel Nicolaus set a $1,075.00 target price on Equinix in a research report on Thursday, February 12th. The Goldman Sachs Group lifted their price target on Equinix from $894.00 to $1,015.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Citigroup reiterated an “outperform” rating on shares of Equinix in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,143.60.

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.