Bank Hapoalim BM Takes Position in Equinix, Inc. $EQIX

Key Points

• Bank Hapoalim purchased 1,494 Equinix shares worth approximately $1.56 million in the second quarter. Institutional investors and hedge funds collectively own 94.94% of the company.
• Analysts remain broadly bullish, with Equinix carrying a “Moderate Buy” consensus rating and an average price target of $1,202.20. Recent earnings surpassed expectations, with quarterly revenue rising 16.4% year over year to $2.62 billion.
• Equinix shares opened at $1,102.10, near their 52-week high, while insiders sold 9,891 shares worth $10.43 million over the past 90 days. The company also declared a quarterly dividend of $5.16 per share, representing a 1.9% annualized yield.

Bank Hapoalim BM purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,494 shares of the financial services provider's stock, valued at approximately $1,557,000.

Several other hedge funds have also recently modified their holdings of EQIX. SJS Investment Consulting Inc. increased its stake in Equinix by 27.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider's stock valued at $41,000 after buying an additional 9 shares during the period. Fulton Bank N.A. lifted its stake in shares of Equinix by 3.1% in the 2nd quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider's stock worth $342,000 after acquiring an additional 10 shares during the period. Avion Wealth boosted its holdings in shares of 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 acquiring an additional 11 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Equinix by 1.3% in the first quarter. Blue Trust Inc. now owns 931 shares of the financial services provider's stock valued at $912,000 after acquiring an additional 12 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its stake in shares of Equinix by 30.8% during the first quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider's stock worth $54,000 after acquiring an additional 12 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Equinix from $1,250.00 to $1,265.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Citigroup reiterated a "market outperform" rating on shares of Equinix in a research report on Tuesday, August 4th. Mizuho increased their target price on Equinix from $1,165.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Thursday, May 7th. BTIG Research assumed coverage on Equinix in a report on Friday, July 10th. They issued a "buy" rating and a $1,210.00 price target for the company. Finally, TD Cowen lifted their price target on Equinix from $1,143.00 to $1,166.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,202.20.

Insider Activity at Equinix

In related news, Director Christopher B. Paisley sold 4,000 shares of Equinix stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the completion of the transaction, the director directly owned 13,859 shares of the company's stock, valued at approximately $14,126,201.52. The trade was a 22.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Raouf Abdel sold 2,040 shares of Equinix stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the transaction, the executive vice president directly owned 5,728 shares of the company's stock, valued at approximately $6,206,116.16. This represents a 26.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 9,891 shares of company stock valued at $10,430,452 in the last ninety days. Corporate insiders own 0.27% of the company's stock.

Equinix Stock Up 2.6%

EQIX stock opened at $1,102.10 on Friday. The company has a market cap of $108.75 billion, a P/E ratio of 70.97, a P/E/G 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's 50-day moving average price is $1,049.70 and its 200 day moving average price is $1,013.19. 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 earnings results 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. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.59 billion. During the same period last year, the company posted $9.91 earnings per share. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, research analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be issued a $5.16 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. Equinix's dividend payout ratio is currently 132.90%.

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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