Signal Advisors Wealth LLC purchased a new stake in Equinix, Inc. (NASDAQ:EQIX – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 738 shares of the financial services provider’s stock, valued at approximately $724,000.
Several other large investors have also recently modified their holdings of the company. Douglas Lane & Associates LLC grew its position in Equinix by 3.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock worth $85,833,000 after purchasing an additional 4,241 shares during the last quarter. Vanderbilt University raised its holdings in shares of Equinix by 65.9% in the fourth quarter. Vanderbilt University now owns 10,298 shares of the financial services provider’s stock worth $7,890,000 after buying an additional 4,089 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Equinix by 6.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock worth $40,043,000 after buying an additional 3,108 shares during the period. Perigon Wealth Management LLC lifted its stake in shares of Equinix by 141.1% during the fourth quarter. Perigon Wealth Management LLC now owns 3,178 shares of the financial services provider’s stock worth $2,435,000 after buying an additional 1,860 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. grew its holdings in shares of Equinix by 305.7% during the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 11,766 shares of the financial services provider’s stock valued at $9,015,000 after buying an additional 8,866 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.
Analysts Set New Price Targets
EQIX has been the subject of a number of research analyst reports. HSBC raised their target price on Equinix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Barclays increased their price objective on Equinix from $1,020.00 to $1,109.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. TD Cowen raised their price objective on Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Mizuho lifted their target price on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, Wells Fargo & Company upped their target price on Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Equinix has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.
Equinix Trading Down 1.9%
NASDAQ EQIX opened at $1,095.00 on Thursday. Equinix, Inc. has a 1 year low of $710.52 and a 1 year high of $1,128.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $107.99 billion, a PE ratio of 75.78, a P/E/G ratio of 2.07 and a beta of 0.99. The company has a fifty day moving average of $1,078.20 and a 200 day moving average of $944.72.
Equinix (NASDAQ:EQIX – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping the consensus estimate of $4.30 by $6.49. The company 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 revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Research analysts forecast that Equinix, Inc. will post 38.26 earnings per share for the current year.
Equinix Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were given a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is currently 142.84%.
Insider Buying and Selling
In other Equinix news, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the completion of the transaction, the executive vice president directly owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 3,726 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the sale, the insider owned 6,132 shares in the company, valued at approximately $6,600,239.52. This represents a 37.80% 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. Insiders have sold a total of 11,539 shares of company stock valued at $12,455,054 in the last ninety days. Insiders own 0.27% of the company’s stock.
Equinix Profile
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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