Vise Technologies Inc. Acquires 1,037 Shares of Equinix, Inc. $EQIX

Vise Technologies Inc. raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIXFree Report) by 101.9% in the fourth quarter, HoldingsChannel reports. The firm owned 2,055 shares of the financial services provider’s stock after buying an additional 1,037 shares during the quarter. Vise Technologies Inc.’s holdings in Equinix were worth $1,574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriflex Group Inc. raised its position in Equinix by 433.3% during the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 26 shares during the last quarter. Princeton Global Asset Management LLC raised its position in Equinix by 200.0% during the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 28 shares during the last quarter. WPG Advisers LLC raised its position in Equinix by 51.7% during the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 15 shares during the last quarter. Activest Wealth Management raised its position in Equinix by 81.5% during the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 22 shares during the last quarter. Finally, Aventura Private Wealth LLC bought a new position in Equinix during the 4th quarter valued at approximately $45,000. Institutional investors own 94.94% of the company’s stock.

Insider Transactions at Equinix

In other news, insider Jonathan Lin sold 635 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $965.71, for a total value of $613,225.85. Following the completion of the transaction, the insider owned 10,788 shares of the company’s stock, valued at approximately $10,418,079.48. This represents a 5.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles J. Meyers sold 5,224 shares of the firm’s stock in a transaction that occurred 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 transaction, the chairman directly owned 7,370 shares of the company’s stock, valued at approximately $7,998,145.10. This trade represents a 41.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 11,053 shares of company stock worth $11,569,731. 0.27% of the stock is owned by insiders.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $1,080.95 on Monday. Equinix, Inc. has a 52-week low of $710.52 and a 52-week high of $1,128.68. The firm has a market capitalization of $106.60 billion, a P/E ratio of 74.81, a P/E/G ratio of 2.03 and a beta of 0.99. The stock has a 50 day moving average price of $1,058.36 and a 200-day moving average price of $914.55. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18.

Equinix (NASDAQ:EQIXGet Free Report) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the company earned $9.67 EPS. The business’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. As a group, equities research analysts anticipate that Equinix, Inc. will post 37.72 EPS for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be given 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 1.9%. Equinix’s dividend payout ratio is currently 142.84%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Zacks Research lowered Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. BMO Capital Markets upped their price target on Equinix from $925.00 to $1,050.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Truist Financial set a $1,215.00 price target on Equinix in a research report on Friday, May 1st. UBS Group upped their price target on Equinix from $950.00 to $1,010.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,207.00 price target on shares of Equinix in a research report on Tuesday, May 5th. Three 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. Based on data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,143.60.

Get Our Latest Stock Report on EQIX

Equinix Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding EQIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinix, Inc. (NASDAQ:EQIXFree Report).

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.