Vise Technologies Inc. Takes Position in Equinix, Inc. $EQIX

Key Points

• Vise Technologies initiated a position in Equinix, purchasing 3,686 shares worth approximately $3.84 million in the second quarter. Institutional investors collectively own 94.94% of the company.
• Equinix reported strong quarterly results, with revenue rising 16.4% year over year to $2.62 billion and EPS of $11.78, significantly exceeding analyst expectations.
• Analyst sentiment remains positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $1,203.40. Equinix also declared a quarterly dividend of $5.16 per share, representing a 1.9% annualized yield.

Vise Technologies Inc. purchased a new position in Equinix, Inc. (NASDAQ:EQIX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,686 shares of the financial services provider's stock, valued at approximately $3,842,000.

A number of other hedge funds also recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Equinix by 6.3% during 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 during the last quarter. Legal & General Group Plc lifted its holdings in shares of Equinix by 10.5% in the 4th quarter. Legal & General Group Plc now owns 1,235,674 shares of the financial services provider's stock worth $946,724,000 after acquiring an additional 117,101 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Equinix by 5,149.9% in 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 during the last quarter. Generali Asset Management SPA SGR boosted its stake in shares of 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 purchasing an additional 1,478 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Equinix by 0.8% during 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 period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 3,726 shares of the firm's stock in a transaction on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the transaction, the insider owned 6,132 shares in the company, valued at approximately $6,600,239.52. This trade represents a 37.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total value of $137,947.50. Following the completion of the sale, the director owned 13,734 shares of the company's stock, valued at $15,156,567.72. The trade was a 0.90% 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 7,986 shares of company stock valued at $8,370,777 in the last ninety days. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EQIX. Guggenheim reissued a "buy" rating and issued a $1,235.00 price objective on shares of Equinix in a research report on Wednesday, May 20th. Truist Financial boosted their target price on Equinix from $1,215.00 to $1,220.00 and gave the company a "buy" rating in a research report on Friday, July 31st. BTIG Research initiated coverage on Equinix in a research note on Friday, July 10th. They set a "buy" rating and a $1,210.00 target price on the stock. Weiss Ratings raised Equinix from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. Finally, Barclays boosted their price objective on Equinix from $1,109.00 to $1,130.00 and gave the company an "equal weight" rating in a report on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,203.40.

Equinix Price Performance

Equinix stock opened at $1,082.61 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $106.82 billion, a price-to-earnings ratio of 69.71, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. The firm has a 50-day moving average of $1,052.47 and a two-hundred day moving average of $1,022.18. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68.

Equinix (NASDAQ:EQIX - Get Free Report) last issued 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 analyst estimates of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company posted $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, research analysts forecast that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Dividend Announcement

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 dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, August 19th. Equinix's dividend payout ratio (DPR) is presently 132.90%.

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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