Quadcap Wealth Management LLC trimmed its holdings in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 71.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 313 shares of the financial services provider’s stock after selling 779 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Equinix were worth $307,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in EQIX. Delta Global Management LP bought a new position in shares of Equinix in the first quarter worth about $2,541,000. Cypress Capital Group acquired a new position in shares of Equinix during the first quarter worth approximately $232,000. Entropy Technologies LP bought a new stake in shares of Equinix during the first quarter valued at approximately $3,136,000. Sustainable Insight Capital Management LLC increased its holdings in shares of Equinix by 250.0% in the first quarter. Sustainable Insight Capital Management LLC now owns 1,008 shares of the financial services provider’s stock valued at $988,000 after purchasing an additional 720 shares in the last quarter. Finally, Bridgewater Advisors Inc. increased its holdings in shares of Equinix by 8.0% in the first quarter. Bridgewater Advisors Inc. now owns 515 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.
Analyst Upgrades and Downgrades
EQIX has been the topic of several research reports. Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. The Goldman Sachs Group lifted their target price on Equinix from $894.00 to $1,015.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Scotiabank boosted their target price on Equinix from $1,050.00 to $1,120.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Morgan Stanley upped their price target on Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Monday, April 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $1,207.00 price target on shares of Equinix in a report on Tuesday, May 5th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Equinix presently has an average rating of “Moderate Buy” and an average target price of $1,153.79.
Equinix Trading Down 3.5%
Shares of NASDAQ EQIX opened at $1,046.79 on Tuesday. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68. The firm has a market capitalization of $103.23 billion, a P/E ratio of 72.44, a P/E/G ratio of 2.01 and a beta of 0.98. 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’s 50 day simple moving average is $1,056.53 and its 200 day simple moving average is $989.67.
Equinix (NASDAQ:EQIX – Get Free Report) last released its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, analysts predict that Equinix, Inc. will post 38.25 EPS for the current year.
Equinix Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were paid a dividend of $5.16 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. Equinix’s payout ratio is 142.84%.
Insider Buying and Selling
In other news, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the completion of the transaction, the executive vice president directly owned 5,728 shares in the company, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total value of $132,536.25. Following the transaction, the director owned 17,557 shares of the company’s stock, valued at $18,615,511.53. The trade was a 0.71% 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 11,115 shares of company stock worth $12,022,574. Company 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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