Equitable Holdings Inc. Purchases Shares of 7,798 Equinix, Inc. $EQIX

Key Points

• Equitable Holdings acquired 7,798 Equinix shares in the second quarter, valued at approximately $8.1 million. Institutional investors collectively own 94.94% of Equinix.
• 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 positive outlook, with an average “Moderate Buy” rating and a $1,203.40 price target versus the stock’s reported $1,076.45 price; the company also declared a quarterly dividend of $5.16 per share.

Equitable Holdings Inc. acquired a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 7,798 shares of the financial services provider's stock, valued at approximately $8,128,000.

A number of other large investors have also recently made changes to their positions in the business. SJS Investment Consulting Inc. raised its holdings in shares of Equinix by 27.3% during the first quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 9 shares in the last quarter. Fulton Bank N.A. boosted its holdings in 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 acquiring an additional 10 shares in the last quarter. Avion Wealth increased its position in Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 11 shares during the period. Blue Trust Inc. raised its holdings in Equinix by 1.3% in the 1st quarter. Blue Trust Inc. now owns 931 shares of the financial services provider's stock worth $912,000 after purchasing an additional 12 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its holdings in Equinix by 30.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider's stock worth $54,000 after purchasing an additional 12 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Equinix Stock Performance

Equinix stock opened at $1,076.45 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 market capitalization of $106.21 billion, a P/E ratio of 69.31, a PEG ratio of 1.53 and a beta of 0.99. The stock's 50 day moving average is $1,051.56 and its 200 day moving average is $1,031.20.

Equinix (NASDAQ:EQIX - Get Free Report) last announced 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 return on equity of 10.76% and a net margin of 15.64%.The business had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.59 billion. During the same quarter in the previous year, the business earned $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, equities research analysts predict 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 will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be given a $5.16 dividend. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix's payout ratio is currently 132.90%.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 4,000 shares of Equinix stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total value 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kurt Pletcher sold 135 shares of the stock in a transaction that occurred 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 owned 4,077 shares in the company, valued at approximately $4,384,813.50. The trade was a 3.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,986 shares of company stock worth $8,370,777 in the last quarter. Corporate insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

EQIX has been the topic of a number of research reports. Cantor Fitzgerald lifted their target price on shares of Equinix from $1,186.00 to $1,211.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Royal Bank Of Canada increased their price target on shares of Equinix from $1,125.00 to $1,225.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Equinix from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Evercore reaffirmed an "outperform" rating and set a $1,270.00 price objective on shares of Equinix in a research report on Tuesday, August 18th. Finally, JPMorgan Chase & Co. upped their target price on Equinix from $1,100.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given 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 $1,203.40.

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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