1,217 Shares in Equinix, Inc. $EQIX Purchased by Peterson Wealth Services

Key Points

• Peterson Wealth Services acquired 1,217 Equinix shares worth approximately $1.23 million during the third quarter. Institutional investors collectively own 94.94% of the company.
• Equinix insiders sold 4,770 shares worth about $4.88 million over the last quarter, while insider ownership remains low at 0.27%.
• Equinix reported quarterly revenue of $2.62 billion, up 16.4% year over year, and exceeded earnings expectations. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $1,215.68, and the company pays a $5.16 quarterly dividend.

Peterson Wealth Services acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,217 shares of the financial services provider's stock, valued at approximately $1,231,000.

Other institutional investors also recently bought and sold shares of the company. Sigma Planning Corp raised its position in shares of Equinix by 5.6% in the 3rd quarter. Sigma Planning Corp now owns 732 shares of the financial services provider's stock worth $740,000 after acquiring an additional 39 shares in the last quarter. BG Investment Services LLC purchased a new stake in shares of Equinix during the 3rd quarter worth $2,565,000. Simplicity Wealth LLC lifted its stake in shares of Equinix by 28.5% during the 3rd quarter. Simplicity Wealth LLC now owns 581 shares of the financial services provider's stock worth $588,000 after purchasing an additional 129 shares during the last quarter. One Wealth Capital Management LLC bought a new stake in Equinix during the third quarter valued at about $688,000. Finally, Taylor Frigon Capital Management LLC boosted its position in Equinix by 0.8% during the third quarter. Taylor Frigon Capital Management LLC now owns 2,269 shares of the financial services provider's stock valued at $2,295,000 after purchasing an additional 19 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 4,000 shares of Equinix stock in a transaction on 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 directly owned 13,859 shares in the company, valued at approximately $14,126,201.52. The trade was a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kurt Pletcher sold 135 shares of the business'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 sale, the insider directly owned 4,077 shares in the company, valued at $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 4,770 shares of company stock valued at $4,884,197. Insiders own 0.27% of the company's stock.

Equinix Price Performance

Shares of EQIX stock opened at $967.65 on Tuesday. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68. 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 firm has a market capitalization of $95.48 billion, a price-to-earnings ratio of 62.31, a PEG ratio of 1.36 and a beta of 0.98. The stock's 50-day simple moving average is $1,030.66 and its 200-day simple moving average is $1,002.43.

Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. Equinix's revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, equities analysts forecast that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were paid a dividend of $5.16 per share. The ex-dividend date was Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a yield of 2.1%. Equinix's dividend payout ratio is presently 132.90%.

Wall Street Analyst Weigh In

A number of brokerages have commented on EQIX. Barclays increased their price target on shares of Equinix from $1,130.00 to $1,135.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 8th. Sanford C. Bernstein raised their price target on shares of Equinix from $1,222.00 to $1,270.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Guggenheim reissued a "buy" rating and set a $1,235.00 target price on shares of Equinix in a research report on Tuesday, October 20th. Mizuho raised their target price on shares of Equinix from $1,200.00 to $1,275.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Finally, The Goldman Sachs Group lifted their price target on shares of Equinix from $1,015.00 to $1,060.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Equinix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,215.68.

Equinix Profile

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.

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