HB Wealth Management LLC grew its holdings in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 20.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,473 shares of the financial services provider’s stock after acquiring an additional 585 shares during the quarter. HB Wealth Management LLC’s holdings in Equinix were worth $3,621,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EQIX. Moore Capital Management LP boosted its stake in Equinix by 235.7% in the second quarter. Moore Capital Management LP now owns 7,675 shares of the financial services provider’s stock valued at $8,000,000 after acquiring an additional 5,389 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Equinix in the 2nd quarter valued at about $5,778,000. Bamco Inc. NY acquired a new position in Equinix during the second quarter worth approximately $203,930,000. Legal & General Group Plc purchased a new stake in Equinix in the second quarter valued at approximately $1,181,260,000. Finally, Adelante Capital Management LLC purchased a new position in shares of Equinix during the second quarter worth approximately $129,154,000. 94.94% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, insider Michael Paladin sold 203 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $1,015.71, for a total transaction of $206,189.13. Following the transaction, the insider directly owned 2,757 shares of the company’s stock, valued at $2,800,312.47. This represents a 6.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher Paisley sold 125 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the completion of the transaction, the director owned 13,734 shares of the company’s stock, valued at $15,156,567.72. This represents a 0.90% decrease in their position. 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. In the last ninety days, insiders have sold 4,463 shares of company stock worth $4,566,449. Corporate insiders own 0.27% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Equinix
Equinix Stock Performance
NASDAQ EQIX opened at $1,035.98 on Tuesday. The stock has a market capitalization of $102.22 billion, a price-to-earnings ratio of 66.71, a PEG ratio of 1.48 and a beta of 0.99. The business’s 50 day moving average is $1,042.91 and its two-hundred day moving average is $1,037.16. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.
Equinix (NASDAQ:EQIX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, beating 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 firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the business earned $9.91 earnings per share. The company’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. Research analysts expect that Equinix, Inc. will post 38.23 EPS for the current year.
Equinix Announces Dividend
The business 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 dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, August 19th. Equinix’s payout ratio is presently 132.90%.
About Equinix
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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