Evolve Private Wealth LLC Invests $1.11 Million in Equinix, Inc. $EQIX

Key Points

• Evolve Private Wealth acquired 1,064 Equinix shares worth approximately $1.11 million in the second quarter, while institutional investors collectively own 94.94% of the company.
• Analysts remain broadly bullish, with Equinix receiving a consensus “Moderate Buy” rating and an average price target of $1,203.40; recent targets range from $1,015 to $1,400.
• Equinix reported quarterly revenue of $2.62 billion, up 16.4% year over year, and earnings of $11.78 per share. The company also announced a quarterly dividend of $5.16 per share, implying a 1.9% annualized yield.

Evolve Private Wealth LLC acquired a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,064 shares of the financial services provider's stock, valued at approximately $1,109,000.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Equinix by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider's stock valued at $10,265,706,000 after buying an additional 107,227 shares in the last quarter. BlackRock Inc. bought a new position in Equinix in the second quarter valued at $11,930,074,000. Cohen & Steers Inc. raised its position in Equinix by 23.3% during the fourth quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider's stock valued at $1,998,978,000 after purchasing an additional 493,141 shares in the last quarter. Geode Capital Management LLC raised its position in Equinix by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider's stock valued at $1,959,731,000 after purchasing an additional 25,383 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Equinix by 1.4% during the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider's stock worth $1,941,377,000 after purchasing an additional 27,643 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

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 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the firm's 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 completion of the sale, the insider directly owned 4,077 shares of the company's stock, valued at $4,384,813.50. The trade was a 3.21% decrease in their position. 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 sold 7,986 shares of company stock valued at $8,370,777 in the last 90 days. Insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on EQIX. Mizuho raised their price objective on Equinix from $1,165.00 to $1,200.00 and gave the company an "outperform" rating in a report on Thursday, May 7th. HSBC reissued a "buy" rating and set a $1,400.00 price target on shares of Equinix in a research note on Friday, August 14th. The Goldman Sachs Group boosted their price objective on shares of Equinix from $894.00 to $1,015.00 and gave the stock a "neutral" rating in a report on Thursday, April 30th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $1,340.00 price objective on shares of Equinix in a research note on Thursday, July 30th. Finally, Raymond James Financial upgraded shares of Equinix from a "market perform" rating to a "strong-buy" rating and set a $1,250.00 target price on the stock in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,203.40.

Equinix Stock Performance

Shares of EQIX stock opened at $1,065.39 on Monday. The company has a market capitalization of $105.12 billion, a P/E ratio of 68.60, a PEG ratio of 1.51 and a beta of 0.99. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two 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. The stock has a 50 day moving average price of $1,052.66 and a two-hundred day moving average price of $1,023.98.

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, topping 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 for the quarter, compared to analysts' expectations of $2.59 billion. During the same quarter last year, the business earned $9.91 earnings per share. The business's revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Announces Dividend

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

About Equinix

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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