Stance Capital LLC Makes New Investment in Equinix, Inc. $EQIX

Stance Capital LLC acquired a new stake in Equinix, Inc. (NASDAQ:EQIXFree Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,847 shares of the financial services provider’s stock, valued at approximately $1,415,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EQIX. Brighton Jones LLC raised its stake in Equinix by 28.9% in the fourth 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 in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Equinix by 11.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after buying an additional 54 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Equinix by 21.8% during the 1st 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 in the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of Equinix during the 2nd quarter worth about $231,000. Finally, Brown Advisory Inc. increased its holdings in shares of Equinix by 2.8% in the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock valued at $854,000 after acquiring an additional 29 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Equinix

In related news, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the sale, the insider owned 6,132 shares in the company, valued at $6,600,239.52. This represents a 37.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the sale, the director owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. This represents a 0.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 11,539 shares of company stock valued at $12,455,054. 0.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barclays raised their target price on Equinix from $1,020.00 to $1,109.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $1,207.00 price target on shares of Equinix in a report on Tuesday, May 5th. Wells Fargo & Company increased their price target on shares of Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Zacks Research downgraded shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

Read Our Latest Report on EQIX

Equinix Price Performance

Equinix stock opened at $1,092.19 on Friday. The company has a market capitalization of $107.71 billion, a P/E ratio of 75.58, a PEG ratio of 2.03 and a beta of 0.99. 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, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68. The stock has a 50-day simple moving average of $1,074.03 and a 200-day simple moving average of $935.26.

Equinix (NASDAQ:EQIXGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts expect that Equinix, Inc. will post 38.26 earnings per share for the current year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were issued a $5.16 dividend. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Equinix’s dividend payout ratio is presently 142.84%.

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.

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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