Headlands Technologies LLC cut its stake in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 47.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 690 shares of the financial services provider’s stock after selling 622 shares during the quarter. Headlands Technologies LLC’s holdings in Equinix were worth $719,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Elevation Wealth Partners LLC grew its holdings 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. Avion Wealth raised its stake in Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 11 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position in Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 24 shares during the period. Trust Co. of Vermont bought a new stake in Equinix during the second quarter worth about $34,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Equinix during the fourth quarter worth about $30,000. 94.94% of the stock is currently owned by institutional investors.
Insider Activity at Equinix
In other news, insider Kurt Pletcher sold 135 shares of the company’s stock in a transaction on 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 transaction, the insider directly owned 4,077 shares in the company, valued at approximately $4,384,813.50. This represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock in a transaction on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the transaction, the insider owned 6,132 shares of the company’s stock, valued at $6,600,239.52. The trade was a 37.80% 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. Insiders 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.
Equinix Stock Down 1.8%
Equinix (NASDAQ:EQIX – Get Free Report) last posted its 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 firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the prior year, the business earned $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. As a group, analysts forecast that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.
Equinix Dividend Announcement
The business also recently disclosed 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 dividend payout ratio is presently 132.90%.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Mizuho boosted their target price on shares of Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research 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 stock an “equal weight” rating in a research report on Wednesday, July 1st. Truist Financial lifted their price objective on shares of Equinix from $1,215.00 to $1,220.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Stifel Nicolaus boosted their price objective on shares of Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Scotiabank restated a “sector perform” rating and set a $1,208.00 target price on shares of Equinix in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average target price of $1,203.40.
Get Our Latest Stock Report on Equinix
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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