Pure Financial Advisors LLC acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 467 shares of the financial services provider’s stock, valued at approximately $487,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bamco Inc. NY purchased a new position in Equinix in the 2nd quarter valued at $203,930,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings 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 in the last quarter. Legal & General Group Plc purchased a new stake in shares of Equinix during the second quarter worth $1,181,260,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Equinix by 5,149.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 128,097 shares of the financial services provider’s stock valued at $98,143,000 after buying an additional 125,657 shares during the last quarter. Finally, Generali Asset Management SPA SGR lifted its stake in shares of Equinix by 17.8% in the fourth quarter. Generali Asset Management SPA SGR now owns 9,772 shares of the financial services provider’s stock worth $7,487,000 after buying an additional 1,478 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the completion of the sale, the insider directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director owned 13,859 shares in the company, valued at approximately $14,126,201.52. This trade represents a 22.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,986 shares of company stock valued at $8,370,777 in the last quarter. Insiders own 0.27% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Research Report on EQIX
Equinix Stock Down 0.3%
Shares of NASDAQ EQIX opened at $1,076.45 on Friday. The company has a 50 day simple moving average of $1,051.56 and a 200-day simple moving average of $1,031.20. The company has a market capitalization of $106.22 billion, a P/E ratio of 69.31, a P/E/G ratio of 1.53 and a beta of 0.99. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Equinix, Inc. has a 1 year low of $720.62 and a 1 year 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, beating the consensus estimate of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, equities research analysts predict that Equinix, Inc. will post 38.23 earnings per share for the current year.
Equinix Announces Dividend
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 $5.16 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. Equinix’s payout ratio is currently 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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