5,543 Shares in Equinix, Inc. $EQIX Acquired by Empowered Funds LLC

Empowered Funds LLC purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,543 shares of the financial services provider's stock, valued at approximately $5,778,000.

Several other hedge funds have also added to or reduced their stakes in the business. Avion Wealth raised its stake in shares of Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 11 shares during the last quarter. Elevation Wealth Partners LLC raised its position in shares of Equinix by 166.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider's stock worth $25,000 after acquiring an additional 15 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in Equinix in the fourth quarter valued at approximately $30,000. Physician Wealth Advisors Inc. increased its stake in shares of Equinix by 266.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 24 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new position in shares of Equinix during the 2nd quarter valued at $34,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Stock Performance

EQIX opened at $1,044.41 on Monday. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68. The company has a market cap of $103.05 billion, a price-to-earnings ratio of 67.25, a PEG ratio of 1.48 and a beta of 0.99. The company's fifty day moving average price is $1,050.60 and its two-hundred day moving average price is $1,032.51. 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 issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.73 by $7.05. The firm had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The business's revenue was up 16.4% on a year-over-year basis. During the same period last year, the company earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, analysts expect that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $5.16 per share. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. Equinix's payout ratio is 132.90%.

Analysts Set New Price Targets

A number of equities research analysts have commented on EQIX shares. Jefferies Financial Group restated a "buy" rating and issued a $1,340.00 price target on shares of Equinix in a report on Thursday, July 30th. Citigroup reiterated a "market outperform" rating on shares of Equinix in a report on Tuesday, August 4th. Truist Financial boosted their target price on Equinix from $1,215.00 to $1,220.00 and gave the company a "buy" rating in a research report on Friday, July 31st. UBS Group upped their price target on Equinix from $1,210.00 to $1,265.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, Evercore reiterated an "outperform" rating and issued a $1,270.00 price target on shares of Equinix in a report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Equinix has a consensus rating of "Moderate Buy" and an average target price of $1,203.40.

Insider Buying and Selling at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 3,726 shares of the business's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the sale, the insider directly owned 6,132 shares of the company's stock, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the completion of the sale, the director directly owned 13,859 shares of the company's stock, valued at approximately $14,126,201.52. This trade represents a 22.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 7,986 shares of company stock worth $8,370,777. Insiders own 0.27% of the company's stock.

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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