Quantbot Technologies LP Purchases Shares of 2,575 Equinix, Inc. $EQIX

Key Points

• Quantbot Technologies purchased 2,575 Equinix shares worth approximately $2.68 million in the second quarter. Institutional investors and hedge funds collectively own 94.94% of EQIX.
• Equinix insiders sold 7,986 shares valued at about $8.37 million during the last quarter, while corporate insiders own just 0.27% of the stock.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and a $1,203.40 price target. Equinix also reported quarterly revenue growth of 16.4% and declared a $5.16 quarterly dividend.

Quantbot Technologies LP purchased a new stake in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,575 shares of the financial services provider's stock, valued at approximately $2,684,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQIX. SJS Investment Consulting Inc. grew its holdings in shares of Equinix by 27.3% during the 1st 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 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 buying an additional 10 shares during the period. Avion Wealth raised its holdings in Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider's stock valued at $25,000 after buying an additional 11 shares during the period. Blue Trust Inc. lifted its position in Equinix by 1.3% during the first quarter. Blue Trust Inc. now owns 931 shares of the financial services provider's stock valued at $912,000 after buying an additional 12 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in Equinix by 30.8% during the first quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider's stock valued at $54,000 after buying an additional 12 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 4,000 shares of the company's 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 $14,126,201.52. This represents a 22.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brandi Galvin Morandi sold 3,726 shares of the firm's stock in a transaction dated 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 sale, the insider owned 6,132 shares of the company's stock, valued at $6,600,239.52. This represents a 37.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,986 shares of company stock worth $8,370,777 in the last quarter. 0.27% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Evercore reissued an "outperform" rating and issued a $1,270.00 price objective on shares of Equinix in a research report on Tuesday, August 18th. Jefferies Financial Group restated a "buy" rating and set a $1,340.00 target price on shares of Equinix in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $1,270.00 price target on shares of Equinix in a research report on Monday, August 3rd. Mizuho increased their price target on Equinix from $1,165.00 to $1,200.00 and gave the company an "outperform" rating in a report on Thursday, May 7th. Finally, Royal Bank Of Canada raised their price objective on Equinix from $1,125.00 to $1,225.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Two investment 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,203.40.

Equinix Stock Performance

EQIX opened at $1,065.39 on Monday. The firm has a market capitalization of $105.12 billion, a P/E ratio of 68.60, a P/E/G ratio of 1.51 and a beta of 0.99. The firm's 50 day moving average is $1,052.66 and its 200-day moving average is $1,023.98. Equinix, Inc. has a 52-week low of $720.62 and a 52-week 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.

Equinix (NASDAQ:EQIX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping analysts' consensus estimates of $4.73 by $7.05. The business had revenue of $2.62 billion for the quarter, compared to analysts' expectations of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The business's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Analysts expect that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Announces Dividend

The company also recently disclosed 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 is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. Equinix's payout ratio is currently 132.90%.

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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