Tacita Capital Inc acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,217 shares of the financial services provider's stock, valued at approximately $1,269,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. SJS Investment Consulting Inc. boosted its position in 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 during the last quarter. Fulton Bank N.A. raised its position in shares of Equinix by 3.1% in the 2nd quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider's stock worth $342,000 after acquiring an additional 10 shares in the last quarter. Avion Wealth lifted its stake in shares of Equinix by 73.3% in 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. boosted its position in shares of Equinix by 1.3% during the 1st quarter. Blue Trust Inc. now owns 931 shares of the financial services provider's stock valued at $912,000 after purchasing an additional 12 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its position in shares of Equinix by 30.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Mizuho lifted their target price on Equinix from $1,165.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Thursday, May 7th. The Goldman Sachs Group increased their price target on Equinix from $894.00 to $1,015.00 and gave the stock a "neutral" rating in a report on Thursday, April 30th. UBS Group raised their price objective on shares of Equinix from $1,210.00 to $1,265.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of Equinix from $1,100.00 to $1,200.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Finally, Citigroup reiterated a "market outperform" rating on shares of Equinix in a research report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Equinix has an average rating of "Moderate Buy" and an average price target of $1,203.40.
Get Our Latest Stock Report on Equinix
Equinix Stock Down 0.7%
EQIX stock opened at $1,077.08 on Thursday. The stock's 50 day simple moving average is $1,051.68 and its 200 day simple moving average is $1,020.34. The company has a market cap of $106.28 billion, a P/E ratio of 69.35, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. 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 fifty-two week low of $720.62 and a fifty-two week high of $1,128.68.
Equinix (NASDAQ:EQIX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 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 analysts' expectations of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The company's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, research analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.
Equinix Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be given a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 1.9%. Equinix's dividend payout ratio (DPR) is presently 132.90%.
Insider Buying and Selling at Equinix
In other Equinix news, EVP Raouf Abdel sold 2,040 shares of the company's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the transaction, the executive vice president owned 5,728 shares in the company, valued at approximately $6,206,116.16. This represents a 26.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brandi Galvin Morandi sold 3,726 shares of the firm's stock in a transaction on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction 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. This trade 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. In the last 90 days, insiders sold 9,891 shares of company stock worth $10,435,864. 0.27% of the stock is owned by corporate insiders.
Equinix 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.
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