Focus Partners Advisor Solutions LLC Acquires Shares of 1,312 Equinix, Inc. $EQIX

Key Points

• Focus Partners Advisor Solutions acquired 1,312 Equinix shares worth approximately $1.37 million in the second quarter. 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, exceeding analysts’ $4.73 estimate.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $1,202.20. Equinix also declared a quarterly dividend of $5.16 per share, equivalent to a 1.9% annualized yield.

Focus Partners Advisor Solutions LLC 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 Securities & Exchange Commission. The firm bought 1,312 shares of the financial services provider's stock, valued at approximately $1,368,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EQIX. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Equinix by 6.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider's stock valued at $40,043,000 after acquiring an additional 3,108 shares in the last quarter. Legal & General Group Plc boosted its stake in Equinix by 10.5% during the 4th quarter. Legal & General Group Plc now owns 1,235,674 shares of the financial services provider's stock valued at $946,724,000 after acquiring an additional 117,101 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Equinix by 5,149.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 128,097 shares of the financial services provider's stock worth $98,143,000 after acquiring an additional 125,657 shares in the last quarter. Generali Asset Management SPA SGR grew its holdings in Equinix by 17.8% during the 4th quarter. Generali Asset Management SPA SGR now owns 9,772 shares of the financial services provider's stock worth $7,487,000 after acquiring an additional 1,478 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Equinix by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider's stock worth $10,265,706,000 after purchasing an additional 107,227 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix 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 value of $4,010,517.36. Following the completion of the transaction, the insider directly owned 6,132 shares in the company, valued at $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The shares were 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 $6,206,116.16. This trade represents a 26.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,766 shares of company stock worth $10,297,916 over the last ninety days. Company insiders own 0.27% of the company's stock.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $1,102.10 on Monday. The company's fifty day moving average is $1,049.70 and its two-hundred day moving average is $1,014.65. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68. The stock has a market capitalization of $108.74 billion, a price-to-earnings ratio of 70.97, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating 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 business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period in the previous year, the business posted $9.91 EPS. The company's quarterly revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities analysts anticipate that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

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

Wall Street Analysts Forecast Growth

EQIX has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their target price 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. Weiss Ratings upgraded Equinix from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $1,270.00 price objective on shares of Equinix in a report on Monday, August 3rd. Truist Financial upped their price objective on Equinix from $1,215.00 to $1,220.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, Oppenheimer reiterated an "outperform" rating and issued a $1,200.00 target price on shares of Equinix 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 given a Hold rating to the company's 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.

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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