Fairtree Asset Management Pty Ltd bought a new stake in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,723 shares of the financial services provider’s stock, valued at approximately $1,796,000.
Several other large investors have also modified their holdings of EQIX. BlackRock Inc. acquired a new stake in Equinix during the 2nd quarter valued at $11,930,074,000. Norges Bank purchased a new stake in Equinix during the 4th quarter worth about $984,355,000. Deutsche Bank AG acquired a new position in Equinix in the 2nd quarter valued at about $1,118,930,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Equinix by 408.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock valued at $929,312,000 after purchasing an additional 953,001 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Equinix during the 2nd quarter worth about $598,815,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, insider Brandi Galvin Morandi sold 3,726 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the transaction, the insider owned 6,132 shares in the company, valued at approximately $6,600,239.52. This trade represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the transaction, the insider directly owned 4,077 shares in the company, valued at approximately $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 7,986 shares of company stock valued at $8,370,777. 0.27% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Get Our Latest Analysis on EQIX
Equinix Trading Up 0.5%
Shares of EQIX opened at $1,082.61 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $106.82 billion, a P/E ratio of 69.71, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. The stock’s fifty day simple moving average is $1,052.47 and its 200 day simple moving average is $1,022.18. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68.
Equinix (NASDAQ:EQIX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $7.05. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, equities research analysts forecast that Equinix, Inc. will post 38.23 earnings per share for the current year.
Equinix Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. Equinix’s payout ratio is presently 132.90%.
Equinix Company 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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