1,073,427 Shares in Equinix, Inc. $EQIX Acquired by Deutsche Bank AG

Deutsche Bank AG acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,073,427 shares of the financial services provider’s stock, valued at approximately $1,118,930,000.

Several other large investors also recently added to or reduced their stakes in the company. Avion Wealth lifted its holdings in shares of Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 11 shares in the last quarter. Elevation Wealth Partners LLC boosted its position in shares of Equinix by 166.7% in the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after buying an additional 15 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of Equinix during the fourth quarter valued at $30,000. Physician Wealth Advisors Inc. grew its holdings in shares of Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after buying an additional 24 shares in the last quarter. Finally, WPG Advisers LLC raised its position in Equinix by 51.7% during the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after buying an additional 15 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Brandi Galvin Morandi sold 3,726 shares of the business’s 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 value of $4,010,517.36. Following the completion of the sale, the insider owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the completion of the sale, the director directly owned 13,859 shares of the company’s stock, valued at approximately $14,126,201.52. The trade was a 22.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,766 shares of company stock worth $10,297,916 in the last three months. 0.27% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EQIX. Jefferies Financial Group reissued a “buy” rating and issued a $1,340.00 price objective on shares of Equinix in a research note on Thursday, July 30th. Stifel Nicolaus lifted their target price on Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Citigroup reiterated a “market outperform” rating on shares of Equinix in a report on Tuesday, August 4th. HSBC reissued a “buy” rating and issued a $1,400.00 price target on shares of Equinix in a research report on Friday. Finally, Mizuho raised their price target on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Equinix presently has an average rating of “Moderate Buy” and an average price target of $1,202.20.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $1,097.61 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68. The business has a fifty day simple moving average of $1,050.40 and a 200 day simple moving average of $1,016.68. The firm has a market cap of $108.30 billion, a price-to-earnings ratio of 70.68, a P/E/G ratio of 1.56 and a beta of 0.99.

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

Equinix Announces Dividend

The company also recently declared 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. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 19th. Equinix’s payout ratio is currently 132.90%.

Equinix Profile

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.