Hillsdale Investment Management Inc. Invests $881,000 in Equinix, Inc. $EQIX

Hillsdale Investment Management Inc. acquired a new position in Equinix, Inc. (NASDAQ:EQIX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,150 shares of the financial services provider’s stock, valued at approximately $881,000.

Other hedge funds have also recently made changes to their positions in the company. Ameriflex Group Inc. lifted its holdings in shares of Equinix by 433.3% in the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 26 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of Equinix by 200.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 28 shares during the last quarter. WPG Advisers LLC lifted its holdings in shares of Equinix by 51.7% in the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 15 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of Equinix by 40.6% in the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 13 shares during the last quarter. Finally, Activest Wealth Management lifted its holdings in shares of Equinix by 81.5% in the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 22 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Equinix Trading Down 1.6%

NASDAQ:EQIX opened at $1,050.77 on Tuesday. The company has a fifty day moving average of $1,049.12 and a 200 day moving average of $906.40. Equinix, Inc. has a 52 week low of $710.52 and a 52 week high of $1,128.68. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $103.63 billion, a P/E ratio of 72.72, a P/E/G ratio of 2.01 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 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 company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the business posted $9.67 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, research analysts predict that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Announces Dividend

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

Insiders Place Their Bets

In other Equinix news, Chairman Charles J. Meyers sold 5,224 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total value 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. This represents a 41.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Raouf Abdel sold 2,040 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the completion of the transaction, the executive vice president owned 5,728 shares of the company’s stock, valued at $6,206,116.16. This trade represents a 26.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 13,769 shares of company stock worth $14,191,079. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EQIX shares. Oppenheimer restated an “outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday, April 30th. Cantor Fitzgerald boosted their price objective on shares of Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. TD Cowen boosted their price objective on shares of Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. BMO Capital Markets upped their price target on shares of Equinix from $925.00 to $1,050.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Finally, Truist Financial set a $1,215.00 price target on shares of Equinix in a report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and an average 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.