Equinix (NASDAQ:EQIX) Insider Sells $145,192.50 in Stock

Equinix, Inc. (NASDAQ:EQIX) insider Kurt Pletcher sold 135 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the sale, the insider directly owned 4,077 shares in the company, valued at $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Equinix Trading Down 1.6%

Equinix stock opened at $1,065.39 on Friday. The company has a market cap of $105.12 billion, a price-to-earnings ratio of 68.60, a P/E/G ratio of 1.51 and a beta of 0.99. The firm has a 50-day moving average of $1,052.66 and a 200-day moving average of $1,022.48. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the business earned $9.91 earnings per share. Equinix’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. On average, equities analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be given 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 payout ratio is 132.90%.

Hedge Funds Weigh In On Equinix

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EQIX. SJS Investment Consulting Inc. raised its position in shares of Equinix by 27.3% in the first quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 9 shares during the period. Fulton Bank N.A. lifted its stake in shares of Equinix by 3.1% during the 2nd quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider’s stock worth $342,000 after buying an additional 10 shares during the last quarter. Avion Wealth boosted its holdings in shares of Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after buying an additional 11 shares during the period. High Net Worth Advisory Group LLC boosted its holdings in shares of Equinix by 5.3% during the 2nd quarter. High Net Worth Advisory Group LLC now owns 219 shares of the financial services provider’s stock worth $229,000 after buying an additional 11 shares during the period. Finally, Angeles Wealth Management LLC grew its stake in Equinix by 3.7% in the 2nd quarter. Angeles Wealth Management LLC now owns 310 shares of the financial services provider’s stock valued at $323,000 after buying an additional 11 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EQIX shares. Mizuho increased their price objective on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 target price on the stock in a report on Thursday, April 30th. TD Cowen increased their price target on shares of Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Oppenheimer restated an “outperform” rating and set a $1,200.00 price objective on shares of Equinix in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald upped their target price on shares of Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Two equities research 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,203.40.

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.