Turn8 Private Wealth Inc. Takes Position in Equinix, Inc. $EQIX

Key Points

• Turn8 Private Wealth Inc. has acquired a new stake in Equinix, Inc. ($EQIX), purchasing 3,437 shares valued at approximately $2.8 million, making it the fund's 29th largest holding.
• Equinix recently announced a quarterly dividend of $4.69, representing an annualized dividend yield of 2.4% with a payout ratio of 183.74%.
• Analysts have varied opinions on Equinix, with ratings ranging from "Strong Buy" to "Hold," and average price targets fluctuating, illustrating a mixed outlook for the stock.

Turn8 Private Wealth Inc. purchased a new stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,437 shares of the financial services provider's stock, valued at approximately $2,802,000. Equinix makes up 2.2% of Turn8 Private Wealth Inc.'s holdings, making the stock its 29th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in EQIX. Cornerstone Planning Group LLC lifted its stake in Equinix by 40.0% in the first quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 12 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Equinix by 0.8% in the 1st quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider's stock valued at $1,182,000 after purchasing an additional 12 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of Equinix by 5.1% in the 1st quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider's stock valued at $202,000 after purchasing an additional 12 shares during the last quarter. Gitterman Wealth Management LLC boosted its holdings in Equinix by 5.0% in the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider's stock worth $206,000 after purchasing an additional 12 shares in the last quarter. Finally, Griffin Asset Management Inc. increased its position in Equinix by 0.7% during the first quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider's stock worth $1,444,000 after buying an additional 13 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insiders Place Their Bets

In other Equinix news, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $781.50, for a total value of $58,612.50. Following the sale, the director directly owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EQIX has been the subject of a number of analyst reports. Cfra Research cut Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. Mizuho cut their price objective on Equinix from $1,069.00 to $900.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 1st. JPMorgan Chase & Co. upped their target price on Equinix from $935.00 to $940.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. BMO Capital Markets lowered shares of Equinix from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $1,045.00 to $850.00 in a research report on Thursday, June 26th. Finally, Scotiabank reduced their price objective on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a research note on Thursday, June 26th. Five analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $962.52.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $780.60 on Thursday. The company has a market cap of $76.39 billion, a price-to-earnings ratio of 76.45, a PEG ratio of 1.39 and a beta of 0.92. The business has a 50 day moving average price of $779.16 and a 200 day moving average price of $825.10. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.29. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping analysts' consensus estimates of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the company earned $9.22 earnings per share. The company's quarterly revenue was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be issued a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. Equinix's dividend payout ratio is 183.74%.

Equinix Company Profile

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

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