738 Shares in Equinix, Inc. $EQIX Purchased by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 738 shares of the financial services provider’s stock, valued at approximately $724,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Equinix in the fourth quarter valued at approximately $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Equinix by 408.1% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock valued at $929,312,000 after buying an additional 953,001 shares in the last quarter. SG Americas Securities LLC grew its stake in Equinix by 377,167.4% in the 4th quarter. SG Americas Securities LLC now owns 716,808 shares of the financial services provider’s stock valued at $549,190,000 after acquiring an additional 716,618 shares during the period. Cohen & Steers Inc. increased its holdings in Equinix by 23.3% in the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock worth $1,998,978,000 after acquiring an additional 493,141 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Equinix by 30.0% in the 4th quarter. Deutsche Bank AG now owns 1,094,808 shares of the financial services provider’s stock worth $838,798,000 after acquiring an additional 252,964 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Price Performance

Equinix stock opened at $1,095.00 on Thursday. The company has a fifty day simple moving average of $1,078.20 and a 200-day simple moving average of $944.72. The firm has a market capitalization of $107.99 billion, a price-to-earnings ratio of 75.78, a PEG ratio of 2.07 and a beta of 0.99. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a 52-week low of $710.52 and a 52-week high of $1,128.68.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping the consensus estimate of $4.30 by $6.49. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities analysts anticipate that Equinix, Inc. will post 38.26 EPS for the current fiscal year.

Equinix Dividend Announcement

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

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the transaction, the director owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. The trade was a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $2,210,278.80. Following the completion of the sale, the executive vice president owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,539 shares of company stock valued at $12,455,054 over the last ninety days. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EQIX has been the topic of several recent analyst reports. Sanford C. Bernstein started coverage on shares of Equinix in a report on Thursday, March 5th. They set an “outperform” rating and a $1,128.00 price objective on the stock. Wells Fargo & Company boosted their target price on shares of Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. TD Cowen upped their price target on shares of Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Evercore reaffirmed an “outperform” rating and issued a $1,240.00 price target on shares of Equinix in a research note on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,207.00 price objective on shares of Equinix in a research note on Tuesday, May 5th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,143.60.

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.