Bank Hapoalim BM Makes New Investment in Equinix, Inc. $EQIX

Bank Hapoalim BM acquired a new stake in Equinix, Inc. (NASDAQ:EQIX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,386 shares of the financial services provider’s stock, valued at approximately $1,086,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after buying an additional 73 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Equinix by 11.5% in the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock valued at $425,000 after buying an additional 54 shares in the last quarter. Empowered Funds LLC raised its position in Equinix by 21.8% during the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after acquiring an additional 546 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in Equinix during the second quarter worth $284,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Equinix by 13.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,169 shares of the financial services provider’s stock valued at $4,068,000 after purchasing an additional 612 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on EQIX. Daiwa Capital Markets set a $917.00 target price on Equinix and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Cowen reaffirmed a “buy” rating on shares of Equinix in a research report on Thursday, October 30th. Scotiabank cut their price objective on Equinix from $965.00 to $959.00 and set a “sector outperform” rating on the stock in a research note on Wednesday. BMO Capital Markets upgraded Equinix from a “market perform” rating to an “outperform” rating and set a $900.00 target price for the company in a research report on Wednesday, December 3rd. Finally, TD Cowen raised their price objective on Equinix from $993.00 to $995.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $959.64.

Equinix Stock Performance

Shares of EQIX opened at $801.78 on Friday. The company has a market capitalization of $78.73 billion, a PE ratio of 73.42, a PEG ratio of 1.25 and a beta of 1.05. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.62 and a current ratio of 1.62. The company’s 50 day moving average price is $766.21 and its 200 day moving average price is $782.55. Equinix, Inc. has a 52 week low of $701.41 and a 52 week high of $953.41.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the business posted $9.05 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. Research analysts expect that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th were issued a $4.69 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $18.76 dividend on an annualized basis and a yield of 2.3%. Equinix’s dividend payout ratio is currently 171.79%.

Insiders Place Their Bets

In other news, insider Kurt Pletcher sold 290 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $731.19, for a total value of $212,045.10. Following the completion of the sale, the insider directly owned 2,433 shares in the company, valued at approximately $1,778,985.27. The trade was a 10.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan Lin sold 124 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $731.18, for a total transaction of $90,666.32. Following the sale, the insider owned 8,299 shares of the company’s stock, valued at $6,068,062.82. This trade represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,704 shares of company stock worth $6,617,748 in the last 90 days. 0.27% of the stock is owned by corporate insiders.

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.