Corient Private Wealth LP Invests $12.46 Million in Equinix, Inc. $EQIX

Key Points

• Corient Private Wealth LP acquired 147,829 Equinix shares worth approximately $12.46 million during the second quarter, giving it about a 0.15% stake. Institutional investors collectively own 94.94% of the company.
• Equinix reported quarterly revenue of $2.62 billion, up 16.4% year over year, and adjusted earnings of $11.78 per share, substantially exceeding analysts’ $4.73 estimate.
• Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and a $1,203.40 price target. Equinix also declared a quarterly dividend of $5.16 per share, representing a 2.0% annualized yield.

Corient Private Wealth LP bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 147,829 shares of the financial services provider's stock, valued at approximately $12,458,000. Corient Private Wealth LP owned about 0.15% of Equinix at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EQIX. SJS Investment Consulting Inc. boosted its position in Equinix by 27.3% during the first quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider's stock worth $41,000 after purchasing an additional 9 shares during the period. Fulton Bank N.A. raised its position in shares of Equinix by 3.1% in the second quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider's stock valued at $342,000 after purchasing an additional 10 shares during the period. Avion Wealth lifted its stake in shares of Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider's stock worth $25,000 after buying an additional 11 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Equinix by 1.3% during the 1st quarter. Blue Trust Inc. now owns 931 shares of the financial services provider's stock worth $912,000 after buying an additional 12 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Equinix by 30.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider's stock worth $54,000 after buying an additional 12 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total value of $137,947.50. Following the completion of the transaction, the director directly owned 13,734 shares of the company's stock, valued at $15,156,567.72. The trade was a 0.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total value of $145,192.50. Following the sale, the insider directly owned 4,077 shares in the company, valued at approximately $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. 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. Insiders have sold 7,986 shares of company stock valued at $8,370,777 over the last 90 days. 0.27% of the stock is owned by corporate insiders.

Equinix Price Performance

Shares of Equinix stock opened at $1,044.41 on Friday. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a 50-day simple moving average of $1,050.60 and a two-hundred day simple moving average of $1,031.29. The stock has a market capitalization of $103.05 billion, a price-to-earnings ratio of 67.25, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99.

Equinix (NASDAQ:EQIX - Get Free Report) last posted 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. 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 the consensus estimate of $2.59 billion. During the same quarter in the previous year, the firm posted $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 forecast that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be paid a $5.16 dividend. 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 132.90%.

Wall Street Analyst Weigh In

EQIX has been the topic of several research analyst reports. Weiss Ratings raised shares of Equinix from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. UBS Group boosted their price objective on Equinix from $1,210.00 to $1,265.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. BTIG Research initiated coverage on Equinix in a research report on Friday, July 10th. They issued a "buy" rating and a $1,210.00 target price on the stock. Royal Bank Of Canada increased their target price on Equinix from $1,125.00 to $1,225.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Finally, Stifel Nicolaus lifted their price target on Equinix from $1,250.00 to $1,265.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Two equities research 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,203.40.

Equinix 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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