Fairtree Asset Management Pty Ltd bought a new stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,723 shares of the financial services provider's stock, valued at approximately $1,796,000.
Several other large investors have also modified their holdings of EQIX. BlackRock Inc. acquired a new stake in Equinix during the 2nd quarter valued at $11,930,074,000. Norges Bank purchased a new stake in Equinix during the 4th quarter worth about $984,355,000. Deutsche Bank AG acquired a new position in Equinix in the 2nd quarter valued at about $1,118,930,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Equinix by 408.1% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider's stock valued at $929,312,000 after purchasing an additional 953,001 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Equinix during the 2nd quarter worth about $598,815,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, insider Brandi Galvin Morandi sold 3,726 shares of the firm's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the transaction, the insider owned 6,132 shares in the company, valued at approximately $6,600,239.52. This trade represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of Equinix 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 transaction, 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 7,986 shares of company stock valued at $8,370,777. 0.27% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
EQIX has been the topic of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of Equinix from $1,250.00 to $1,265.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $1,270.00 target price on shares of Equinix in a research note on Monday, August 3rd. Raymond James Financial raised Equinix from a "market perform" rating to a "strong-buy" rating and set a $1,250.00 price target on the stock in a research note on Thursday, April 30th. Jefferies Financial Group reiterated a "buy" rating and issued a $1,340.00 target price on shares of Equinix in a research note on Thursday, July 30th. Finally, Zacks Research downgraded Equinix from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,203.40.
Get Our Latest Analysis on EQIX
Equinix Trading Up 0.5%
Shares of EQIX opened at $1,082.61 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $106.82 billion, a P/E ratio of 69.71, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. The stock's fifty day simple moving average is $1,052.47 and its 200 day simple moving average is $1,022.18. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68.
Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly 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. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, equities research analysts forecast 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. 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 payout ratio is presently 132.90%.
Equinix Company Profile
(
Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Equinix, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Equinix wasn't on the list.
While Equinix currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
