Axecap Investments LLC Makes New $2.24 Million Investment in Equinix, Inc. $EQIX

Axecap Investments LLC purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,212 shares of the financial services provider’s stock, valued at approximately $2,238,000. Equinix makes up 1.3% of Axecap Investments LLC’s holdings, making the stock its 28th largest holding.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Equinix during the 2nd quarter valued at $11,930,074,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Equinix by 26,831.6% during 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 acquiring an additional 1,234,521 shares during the last quarter. Legal & General Group Plc bought a new stake in Equinix during the 2nd quarter worth $1,181,260,000. Canada Pension Plan Investment Board acquired a new position in Equinix in the 2nd quarter worth about $1,163,662,000. Finally, Deutsche Bank AG acquired a new position in Equinix in the 2nd quarter worth about $1,118,930,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Trading Up 1.2%

Shares of EQIX stock opened at $987.44 on Wednesday. The stock has a market cap of $97.43 billion, a price-to-earnings ratio of 63.58, a PEG ratio of 1.39 and a beta of 0.98. The stock has a 50-day moving average of $1,036.19 and a 200-day moving average of $1,050.01. 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.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping 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 company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period in the previous year, the firm earned $9.91 earnings per share. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, equities research analysts forecast that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on EQIX shares. BMO Capital Markets increased their target price on Equinix from $1,225.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Sanford C. Bernstein boosted their price target on Equinix from $1,222.00 to $1,270.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,270.00 price target (up from $1,207.00) on shares of Equinix in a report on Monday, August 3rd. Royal Bank Of Canada upped their price objective on Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Cantor Fitzgerald raised their price objective on shares of Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,206.55.

Insider Transactions at Equinix

In other news, Director Christopher Paisley sold 4,000 shares of the company’s stock in a transaction 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 sale, the director directly owned 13,859 shares of the company’s stock, valued at approximately $14,126,201.52. This represents a 22.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Paladin sold 307 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the sale, the insider owned 2,450 shares of the company’s stock, valued at approximately $2,535,774.50. This trade represents a 11.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 4,770 shares of company stock worth $4,884,197. Company insiders own 0.27% of the company’s stock.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.