Equinix (NASDAQ:EQIX) Insider Michael Shane Paladin Sells 307 Shares of Stock

Key Points

• Equinix insider Michael Shane Paladin sold 307 shares at an average price of $1,035.01, totaling $317,748; his direct ownership fell 11.14% to 2,450 shares.
• Equinix shares recently traded at $1,041.21, while the company reported quarterly revenue of $2.62 billion, up 16.4% year over year, and significantly exceeded the consensus EPS estimate.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $1,203.60; the company also declared a quarterly dividend of $5.16 per share.

Equinix, Inc. (NASDAQ:EQIX - Get Free Report) insider Michael Paladin sold 307 shares of Equinix stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the transaction, the insider directly owned 2,450 shares of the company's stock, valued at approximately $2,535,774.50. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Michael Shane Paladin also recently made the following trade(s):

• On Wednesday, September 2nd, Michael Paladin sold 203 shares of Equinix stock. The stock was sold at an average price of $1,015.71, for a total transaction of $206,189.13.

Equinix Stock Up 0.5%

Shares of EQIX stock traded up $5.23 during trading hours on Tuesday, hitting $1,041.21. 407,350 shares of the company's stock traded hands, compared to its average volume of 600,633. The stock's fifty day simple moving average is $1,042.91 and its two-hundred day simple moving average is $1,037.16. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The stock has a market cap of $102.74 billion, a price-to-earnings ratio of 67.05, a PEG ratio of 1.48 and a beta of 0.99. 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 quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping the consensus estimate of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the business posted $9.91 EPS. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, analysts expect that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. Equinix's dividend payout ratio (DPR) is presently 132.90%.

Wall Street Analyst Weigh In

Several analysts recently commented on EQIX shares. UBS Group increased their price objective on shares of Equinix from $1,210.00 to $1,265.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Cantor Fitzgerald upped their target price on shares of Equinix from $1,186.00 to $1,211.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of Equinix from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Scotiabank reissued a "sector perform" rating and set a $1,208.00 price target on shares of Equinix in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada boosted their price objective on shares of Equinix from $1,125.00 to $1,225.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Two research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,203.60.

Hedge Funds Weigh In On Equinix

Hedge funds and other institutional investors have recently modified their holdings of the company. Nykredit A S bought a new position in Equinix in the second quarter valued at about $41,339,000. Parkside Financial Bank & Trust grew its stake in shares of Equinix by 5.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 406 shares of the financial services provider's stock valued at $423,000 after purchasing an additional 22 shares during the period. Range Advisory LLC increased its position in shares of Equinix by 2.5% during the 2nd quarter. Range Advisory LLC now owns 941 shares of the financial services provider's stock valued at $981,000 after purchasing an additional 23 shares during the last quarter. Corient Private Wealth LP increased its position in shares of Equinix by 20.9% during the 2nd quarter. Corient Private Wealth LP now owns 12,597 shares of the financial services provider's stock valued at $13,132,000 after purchasing an additional 2,181 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Equinix in the 2nd quarter worth approximately $46,315,000. 94.94% of the stock is owned by institutional investors.

About Equinix

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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