Equinix (NASDAQ:EQIX) Insider Michael Shane Paladin Sells 307 Shares

Equinix, Inc. (NASDAQ:EQIX) insider Michael Paladin sold 307 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the transaction, the insider owned 2,450 shares of the company’s stock, valued at approximately $2,535,774.50. The trade was a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Michael Shane Paladin also recently made the following trade(s):

• On Wednesday, September 2nd, Michael Paladin sold 203 shares of Equinix stock. The stock was sold at an average price of $1,015.71, for a total transaction of $206,189.13.

Equinix Stock Up 0.5%

Shares of EQIX opened at $1,041.21 on Wednesday. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The firm has a market capitalization of $102.74 billion, a P/E ratio of 67.05, a P/E/G ratio of 1.48 and a beta of 0.99. The company has a 50-day simple moving average of $1,042.89 and a 200-day simple moving average of $1,037.98. 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 (EPS) for the quarter, beating the consensus estimate of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period in the previous year, the company posted $9.91 earnings per share. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, equities research analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be given a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is 132.90%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,270.00 price objective on shares of Equinix in a research note on Monday, August 3rd. UBS Group raised their price target on shares of Equinix from $1,210.00 to $1,265.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Scotiabank reaffirmed a “sector perform” rating and set a $1,208.00 price objective on shares of Equinix in a report on Thursday, July 30th. Citigroup reiterated a “market outperform” rating on shares of Equinix in a research note on Tuesday, August 4th. Finally, Zacks Research cut Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. 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 stock. According to MarketBeat, Equinix has a consensus rating of “Moderate Buy” and an average target price of $1,203.60.

Institutional Investors Weigh In On Equinix

A number of hedge funds have recently made changes to their positions in EQIX. California State Teachers Retirement System lifted its holdings in Equinix by 111,586.7% during the 2nd quarter. California State Teachers Retirement System now owns 155,285,881 shares of the financial services provider’s stock valued at $161,868,449,000 after purchasing an additional 155,146,844 shares during the last quarter. BlackRock Inc. bought a new stake in Equinix during the second quarter worth about $11,930,074,000. Cohen & Steers Inc. increased its holdings in shares of Equinix by 23.3% during the fourth quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock worth $1,998,978,000 after buying an additional 493,141 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Equinix by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider’s stock valued at $1,959,731,000 after acquiring an additional 25,383 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Equinix by 1.4% in the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock valued at $1,941,377,000 after acquiring an additional 27,643 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

About Equinix

Equinix, Inc is a global digital infrastructure company that operates data centers and provides interconnection and cloud connectivity services. Its facilities, known as International Business Exchange (IBX) data centers, enable businesses, cloud providers, network operators, financial institutions and other organizations to securely house technology infrastructure and exchange data.

The company’s Platform Equinix services include colocation, private and public cloud connectivity, network interconnection, managed infrastructure and digital services.