Avalon Trust Co Makes New Investment in Equinix, Inc. $EQIX

Avalon Trust Co bought a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,114 shares of the financial services provider's stock, valued at approximately $22,009,000. Equinix makes up about 1.4% of Avalon Trust Co's holdings, making the stock its 21st largest position.

A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock worth $307,000 after acquiring an additional 73 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Equinix by 11.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider's stock valued at $425,000 after purchasing an additional 54 shares during the last quarter. Empowered Funds LLC boosted its stake in Equinix by 21.8% during the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider's stock valued at $2,487,000 after purchasing an additional 546 shares during the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of Equinix in the 2nd quarter worth $231,000. Finally, Brown Advisory Inc. increased its holdings in shares of Equinix by 2.8% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 3,726 shares of the business's stock in a transaction 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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of the company's stock in a transaction 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 owned 13,859 shares of the company's stock, valued at $14,126,201.52. This trade represents a 22.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 9,891 shares of company stock valued at $10,430,452. Insiders own 0.27% of the company's stock.

Equinix Trading Up 2.6%

Shares of NASDAQ:EQIX opened at $1,102.10 on Friday. The stock's 50-day simple moving average is $1,049.70 and its two-hundred day simple moving average is $1,013.19. The stock has a market capitalization of $108.75 billion, a price-to-earnings ratio of 70.97, a PEG ratio of 1.56 and a beta of 0.99. Equinix, Inc. has a 52-week low of $720.62 and a 52-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.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results 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. 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 analyst estimates of $2.59 billion. During the same quarter in the prior year, the firm earned $9.91 EPS. 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. Analysts expect that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors 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 yield of 1.9%. The ex-dividend date is Wednesday, August 19th. Equinix's payout ratio is 132.90%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EQIX shares. Oppenheimer reaffirmed an "outperform" rating and set a $1,200.00 price target on shares of Equinix in a report on Thursday, April 30th. JPMorgan Chase & Co. upped their target price on shares of Equinix from $1,100.00 to $1,200.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Mizuho raised their price target on shares of Equinix from $1,165.00 to $1,200.00 and gave the company an "outperform" rating in a report on Thursday, May 7th. Weiss Ratings raised shares of Equinix from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Finally, Barclays lifted 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 note on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,202.20.

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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