1,723 Shares in Equinix, Inc. $EQIX Acquired by Fairtree Asset Management Pty Ltd

Fairtree Asset Management Pty Ltd acquired a new stake in Equinix, Inc. (NASDAQ:EQIX) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 1,723 shares of the financial services provider’s stock, valued at approximately $1,796,000.

A number of other institutional investors have also made changes to their positions in EQIX. Ninepoint Partners LP acquired a new position in Equinix in the 2nd quarter worth $3,320,000. SGL Investment Advisors Inc. acquired a new position in shares of Equinix in the second quarter worth about $360,000. Advisors Capital Management LLC purchased a new position in Equinix in the second quarter valued at about $835,000. PCM Encore LLC acquired a new stake in Equinix during the 2nd quarter valued at approximately $710,000. Finally, Trillium Asset Management LLC purchased a new stake in Equinix during the 2nd quarter worth approximately $18,891,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Up 0.5%

Shares of NASDAQ:EQIX opened at $1,082.61 on Friday. The company’s fifty day moving average is $1,052.47 and its two-hundred day moving average is $1,022.18. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68. The stock has a market capitalization 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.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating the consensus estimate of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period in the previous year, the business posted $9.91 EPS. The company’s quarterly revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities analysts anticipate that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

The business also recently announced 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 of this dividend is Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix’s dividend payout ratio is 132.90%.

Wall Street Analyst Weigh In

Several research firms have recently commented on EQIX. The Goldman Sachs Group increased their target price on Equinix from $894.00 to $1,015.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price objective on the stock in a research note on Thursday, April 30th. Weiss Ratings raised shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Cantor Fitzgerald increased their price target on shares of Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, Stifel Nicolaus boosted their price objective on Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,203.40.

Insider Activity

In related news, Director Christopher B. Paisley sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the completion of the transaction, the director owned 13,859 shares in the company, valued at $14,126,201.52. The trade was a 22.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kurt Pletcher sold 135 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total value of $145,192.50. Following the completion of the sale, the insider directly owned 4,077 shares in the company, valued at $4,384,813.50. This represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 7,986 shares of company stock valued at $8,370,777. 0.27% of the stock is currently owned by insiders.

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.