498 Shares in Equinix, Inc. $EQIX Purchased by RB Capital Management LLC

RB Capital Management LLC bought a new position in Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 498 shares of the financial services provider’s stock, valued at approximately $519,000.

Other institutional investors have also recently bought and sold shares of the company. SJS Investment Consulting Inc. grew its stake in Equinix by 27.3% during the first quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock worth $41,000 after buying an additional 9 shares during the period. Fulton Bank N.A. raised its stake in shares of Equinix by 3.1% in the 2nd quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 10 shares during the period. Avion Wealth lifted 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 valued at $25,000 after acquiring an additional 11 shares in the last quarter. Blue Trust Inc. boosted its position in Equinix by 1.3% during the 1st quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock worth $912,000 after purchasing an additional 12 shares during the period. Finally, Cornerstone Planning Group LLC boosted its position in Equinix by 30.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 12 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EQIX has been the subject of several analyst reports. BTIG Research initiated coverage on Equinix in a research note on Friday, July 10th. They issued a “buy” rating and a $1,210.00 target price for the company. Truist Financial boosted their price target on Equinix from $1,215.00 to $1,220.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. HSBC restated a “buy” rating and issued a $1,400.00 price target on shares of Equinix in a report on Friday, August 14th. Wall Street Zen upgraded shares of Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Evercore reissued an “outperform” rating and set a $1,270.00 target price on shares of Equinix in a research report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,203.40.

Insiders Place Their Bets

In other Equinix news, insider Kurt Pletcher sold 135 shares of the stock in a transaction on Thursday, August 20th. The shares were 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 of the company’s stock, valued at approximately $4,384,813.50. This represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed 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. Also, insider Brandi Galvin Morandi sold 3,726 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the transaction, the insider owned 6,132 shares in the company, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 7,986 shares of company stock valued at $8,370,777. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

Shares of EQIX stock opened at $1,044.41 on Friday. The stock has a market capitalization of $103.05 billion, a price-to-earnings ratio of 67.25, a PEG ratio of 1.53 and a beta of 0.99. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The company’s 50-day simple moving average is $1,050.60 and its 200-day simple moving average is $1,031.29. 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 (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, beating analysts’ consensus estimates of $4.73 by $7.05. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $5.16 per share. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 2.0%. Equinix’s payout ratio is presently 132.90%.

Equinix 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.