RB Capital Management LLC purchased a new stake in Equinix, Inc. (NASDAQ:EQIX – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 498 shares of the financial services provider’s stock, valued at approximately $519,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in shares of Equinix by 28.9% during the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 73 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of Equinix by 11.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 54 shares during the period. Empowered Funds LLC grew its holdings in shares of Equinix by 21.8% in the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after acquiring an additional 546 shares during the period. Schnieders Capital Management LLC. purchased a new position in Equinix in the 2nd quarter valued at approximately $231,000. Finally, Brown Advisory Inc. raised its holdings in Equinix by 2.8% during the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock worth $854,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.
Insider Buying and Selling at Equinix
In other news, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction dated 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 completion of the sale, the insider directly owned 4,077 shares in the company, valued at $4,384,813.50. The trade was a 3.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 that occurred on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the transaction, the insider directly owned 6,132 shares in the company, valued at $6,600,239.52. The trade was a 37.80% decrease in their position. 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 ninety days, insiders have sold 7,986 shares of company stock worth $8,370,777. Corporate insiders own 0.27% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Analysis on Equinix
Equinix Price Performance
Shares of NASDAQ:EQIX opened at $1,044.41 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The business’s fifty day moving average price is $1,050.60 and its two-hundred day moving average price is $1,031.29. The stock has a market cap of $103.05 billion, a PE ratio of 67.25, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. Equinix, Inc. has a one year low of $720.62 and a one 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 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the firm posted $9.91 earnings per share. The business’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, analysts forecast that Equinix, Inc. will post 38.23 EPS for the current fiscal year.
Equinix Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be paid a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 2.0%. Equinix’s payout ratio is presently 132.90%.
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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