Collaborative Fund Advisors LLC purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 550 shares of the financial services provider’s stock, valued at approximately $539,000.
Other hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. boosted its position in shares of 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 acquiring an additional 26 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in Equinix during the fourth quarter worth about $30,000. Princeton Global Asset Management LLC lifted its stake in Equinix by 200.0% during the fourth quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 28 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 24 shares in the last quarter. Finally, WPG Advisers LLC grew its stake in shares of Equinix by 51.7% in 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 period. Institutional investors and hedge funds own 94.94% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Raymond James Financial raised shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 target price on the stock in a report on Thursday, April 30th. Barclays increased their target price on shares of Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 1st. HSBC boosted their price target on shares of Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,207.00 price objective on shares of Equinix in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,153.38.
Insiders Place Their Bets
In other news, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total value of $132,536.25. Following the completion of the transaction, the director owned 17,557 shares in the company, valued at $18,615,511.53. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the transaction, the insider directly owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,539 shares of company stock valued at $12,455,054 in the last quarter. 0.27% of the stock is owned by company insiders.
Equinix Stock Performance
Equinix stock opened at $1,002.02 on Monday. The company has a market cap of $98.82 billion, a PE ratio of 69.34, a PEG ratio of 1.86 and a beta of 0.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68. The company’s 50-day moving average is $1,073.27 and its two-hundred day moving average is $959.52.
Equinix (NASDAQ:EQIX – Get Free Report) last posted its quarterly 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 business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company earned $9.67 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities analysts anticipate that Equinix, Inc. will post 38.26 earnings per share for the current year.
Equinix Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were given a $5.16 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 2.1%. Equinix’s payout ratio is currently 142.84%.
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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