Landscape Capital Management L.L.C. bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 620 shares of the financial services provider’s stock, valued at approximately $646,000.
Several other large investors have also recently bought and sold shares of EQIX. Avion Wealth increased its position in shares of Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 11 shares during the last quarter. Elevation Wealth Partners LLC raised its stake in shares of Equinix by 166.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 15 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Equinix in the 4th quarter valued at approximately $30,000. Physician Wealth Advisors Inc. boosted its holdings in shares of Equinix by 266.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after buying an additional 24 shares during the last quarter. Finally, Trust Co. of Vermont bought a new position in shares of Equinix in the second quarter valued at $34,000. 94.94% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on EQIX shares. Mizuho boosted their target price on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Barclays increased their price target on shares of Equinix from $1,109.00 to $1,130.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. boosted their price objective on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings raised shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Finally, HSBC reaffirmed a “buy” rating and issued a $1,400.00 target price on shares of Equinix in a report on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,203.40.
Equinix Price Performance
EQIX stock opened at $1,065.39 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $105.12 billion, a price-to-earnings ratio of 68.60, a PEG ratio of 1.51 and a beta of 0.99. The business’s fifty day moving average price is $1,052.66 and its two-hundred day moving average price is $1,023.98. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68.
Equinix (NASDAQ:EQIX – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping analysts’ consensus estimates of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the firm earned $9.91 earnings per share. Equinix’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, equities analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current year.
Equinix Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be given a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 19th. Equinix’s dividend payout ratio is presently 132.90%.
Insider Transactions at Equinix
In other news, Director Christopher B. Paisley sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the transaction, the director directly owned 13,859 shares of the company’s stock, valued at approximately $14,126,201.52. This trade represents a 22.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kurt Pletcher sold 135 shares of the business’s 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 value of $145,192.50. Following the completion of the sale, the insider owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 7,986 shares of company stock valued at $8,370,777. 0.27% of the stock is currently owned by company 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.
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