Quadcap Wealth Management LLC Sells 779 Shares of Equinix, Inc. $EQIX

Quadcap Wealth Management LLC lessened its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 71.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 313 shares of the financial services provider’s stock after selling 779 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Equinix were worth $307,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avion Wealth raised its position in shares of Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 11 shares during the period. Kemnay Advisory Services Inc. bought a new position in shares of Equinix during the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC grew its position in shares of Equinix by 200.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 28 shares during the period. Physician Wealth Advisors Inc. increased its stake in Equinix by 266.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 24 shares in the last quarter. Finally, WPG Advisers LLC increased its stake in Equinix by 51.7% during the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 15 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Equinix

In other Equinix news, Chairman Charles J. Meyers sold 5,224 shares of Equinix stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the sale, the chairman directly owned 7,370 shares in the company, valued at approximately $7,998,145.10. The trade was a 41.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Raouf Abdel sold 2,040 shares of the business’s 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 sale, the executive vice president directly owned 5,728 shares in the company, valued at $6,206,116.16. This trade represents a 26.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,115 shares of company stock worth $12,022,574 in the last three months. 0.27% of the stock is currently owned by company insiders.

Equinix Trading Down 3.5%

NASDAQ EQIX opened at $1,046.79 on Tuesday. The stock has a market capitalization of $103.23 billion, a price-to-earnings ratio of 72.44, a PEG ratio of 2.01 and a beta of 0.98. The stock’s 50 day moving average price is $1,056.53 and its two-hundred day moving average price is $989.67. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68.

Equinix (NASDAQ:EQIX) last issued 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. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the business earned $9.67 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, analysts anticipate that Equinix, Inc. will post 38.25 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were issued a dividend of $5.16 per share. The ex-dividend date was Wednesday, May 20th. This represents a $20.64 annualized dividend and a yield of 2.0%. Equinix’s dividend payout ratio is presently 142.84%.

Analysts Set New Price Targets

A number of research analysts have weighed in on EQIX shares. JPMorgan Chase & Co. lifted their price target on shares of Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Guggenheim reissued a “buy” rating and set a $1,235.00 price objective on shares of Equinix in a research report on Wednesday, May 20th. Zacks Research lowered shares of Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Wells Fargo & Company upped 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. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Equinix presently has an average rating of “Moderate Buy” and an average price target of $1,153.79.

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.