EP Wealth Advisors LLC Takes Position in Equinix, Inc. $EQIX

EP Wealth Advisors LLC purchased a new stake in Equinix, Inc. (NASDAQ:EQIX) in the 2nd quarter, HoldingsChannel reports. The firm purchased 1,003 shares of the financial services provider’s stock, valued at approximately $1,046,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Equinix in the second quarter valued at approximately $11,930,074,000. Norges Bank acquired a new stake in shares of Equinix in the 4th quarter valued at $984,355,000. Deutsche Bank AG acquired a new stake in shares of Equinix in the 2nd quarter valued at $1,118,930,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Equinix by 408.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock worth $929,312,000 after purchasing an additional 953,001 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Equinix in the second quarter worth $598,815,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EQIX. Barclays raised their target price on Equinix from $1,109.00 to $1,130.00 and gave the company an “equal weight” rating in a report on Wednesday, July 1st. Evercore reissued an “outperform” rating and set a $1,270.00 price objective on shares of Equinix in a report on Tuesday, August 18th. Scotiabank reissued a “sector perform” rating and issued a $1,208.00 price objective on shares of Equinix in a research note on Thursday, July 30th. The Goldman Sachs Group upped their target price on Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, BTIG Research assumed coverage on shares of Equinix in a research note on Friday, July 10th. They issued a “buy” rating and a $1,210.00 target price on the stock. Two 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. According to data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and an average target price of $1,203.40.

Equinix Price Performance

Shares of EQIX stock opened at $1,065.39 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s 50 day moving average price is $1,052.66 and its two-hundred day moving average price is $1,023.98. The stock has a market cap of $105.12 billion, a PE ratio of 68.60, a PEG ratio of 1.51 and a beta of 0.99. 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 earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping the consensus estimate of $4.73 by $7.05. The company 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 firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, analysts forecast that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be issued a $5.16 dividend. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 19th. Equinix’s payout ratio is currently 132.90%.

Insider Buying and Selling at Equinix

In other Equinix news, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction that occurred 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 completion of 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 legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the completion of the transaction, the director directly owned 13,859 shares of the company’s stock, valued at approximately $14,126,201.52. The trade was a 22.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,986 shares of company stock worth $8,370,777 over the last ninety days. Insiders own 0.27% of the company’s stock.

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.