Vise Technologies Inc. Acquires 1,037 Shares of Equinix, Inc. $EQIX

Key Points

• Vise Technologies Inc. more than doubled its Equinix stake in the fourth quarter, buying 1,037 additional shares to bring its total to 2,055 shares worth about $1.57 million.
• Equinix continues to see strong institutional interest, with 94.94% of the stock owned by institutional investors; several other funds also increased their positions during the quarter.
• Analysts remain bullish on EQIX, with an average rating of Moderate Buy and a consensus target price of $1,143.60. The company also posted quarterly EPS of $10.79, beating estimates, and recently declared a $5.16 quarterly dividend.

Vise Technologies Inc. boosted its holdings in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 101.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,055 shares of the financial services provider's stock after acquiring an additional 1,037 shares during the quarter. Vise Technologies Inc.'s holdings in Equinix were worth $1,574,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Continuum Advisory LLC bought a new position in Equinix in the 4th quarter worth about $322,000. Daiwa Securities Group Inc. increased its stake in Equinix by 4.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 496,156 shares of the financial services provider's stock worth $380,135,000 after acquiring an additional 19,987 shares during the last quarter. TD Asset Management Inc increased its stake in Equinix by 2.1% in the 4th quarter. TD Asset Management Inc now owns 50,474 shares of the financial services provider's stock worth $38,671,000 after acquiring an additional 1,024 shares during the last quarter. Cibc World Market Inc. increased its stake in Equinix by 8.5% in the 4th quarter. Cibc World Market Inc. now owns 55,123 shares of the financial services provider's stock worth $42,233,000 after acquiring an additional 4,315 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its stake in Equinix by 230.2% in the 4th quarter. Sivia Capital Partners LLC now owns 1,007 shares of the financial services provider's stock worth $772,000 after acquiring an additional 702 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EQIX shares. Mizuho upped their price objective on Equinix from $1,165.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Thursday, May 7th. Evercore reiterated an "outperform" rating and issued a $1,240.00 price objective on shares of Equinix in a report on Tuesday, April 28th. Truist Financial set a $1,215.00 price objective on Equinix in a report on Friday, May 1st. BMO Capital Markets upped their price objective on Equinix from $925.00 to $1,050.00 and gave the stock an "outperform" rating in a report on Thursday, February 12th. Finally, Sanford C. Bernstein started coverage on Equinix in a report on Thursday, March 5th. They issued an "outperform" rating and a $1,128.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,143.60.

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 2,040 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the completion of the sale, the executive vice president directly owned 5,728 shares in the company, valued at $6,206,116.16. This represents a 26.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brandi Galvin Morandi sold 424 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $1,020.00, for a total value of $432,480.00. Following the sale, the insider owned 9,970 shares of the company's stock, valued at $10,169,400. This represents a 4.08% 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. Insiders sold a total of 11,053 shares of company stock worth $11,569,731 over the last three months. Corporate insiders own 0.27% of the company's stock.

Equinix Price Performance

EQIX opened at $1,080.95 on Monday. The stock has a 50-day moving average price of $1,058.36 and a 200-day moving average price of $914.55. Equinix, Inc. has a 12-month low of $710.52 and a 12-month high of $1,128.68. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $106.60 billion, a P/E ratio of 74.81, a PEG ratio of 2.03 and a beta of 0.99.

Equinix (NASDAQ:EQIX - Get Free Report) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating the consensus estimate of $4.30 by $6.49. The company had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.Equinix's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities analysts predict that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be issued a dividend of $5.16 per share. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 annualized dividend and a yield of 1.9%. Equinix's dividend payout ratio is currently 142.84%.

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.

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.