Pure Financial Advisors LLC Buys New Stake in Equinix, Inc. $EQIX

Pure Financial Advisors LLC bought a new stake in Equinix, Inc. (NASDAQ:EQIX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 467 shares of the financial services provider’s stock, valued at approximately $487,000.

Several other hedge funds and other institutional investors have also modified their holdings of EQIX. SJS Investment Consulting Inc. grew its stake 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 buying an additional 9 shares in the last quarter. Fulton Bank N.A. lifted its stake in 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 acquiring an additional 10 shares in the last quarter. Avion Wealth lifted its stake in 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 acquiring an additional 11 shares in the last quarter. Blue Trust Inc. boosted its holdings in Equinix by 1.3% during the 1st quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock valued at $912,000 after acquiring an additional 12 shares during the period. Finally, Cornerstone Planning Group LLC boosted its holdings in Equinix by 30.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 12 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Down 0.3%

EQIX opened at $1,076.45 on Friday. The business has a fifty day moving average price of $1,051.56 and a 200 day moving average price of $1,031.20. 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 12 month low of $720.62 and a 12 month high of $1,128.68. The stock has a market capitalization of $106.22 billion, a price-to-earnings ratio of 69.31, a PEG 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $7.05. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.Equinix’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Sell-side analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current fiscal 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 issued a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 1.9%. Equinix’s dividend payout ratio (DPR) is 132.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EQIX. TD Cowen boosted their price target on shares of Equinix from $1,143.00 to $1,166.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Oppenheimer reissued an “outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a research note on Thursday, April 30th. Evercore restated an “outperform” rating and issued a $1,270.00 price objective on shares of Equinix in a report on Tuesday, August 18th. Zacks Research downgraded shares of Equinix from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Royal Bank Of Canada increased their target price on shares of Equinix from $1,125.00 to $1,225.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,203.40.

Insider Activity at Equinix

In other Equinix news, insider Kurt Pletcher sold 135 shares of the 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 value 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the sale, the insider owned 6,132 shares in the company, valued at $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. Insiders have sold a total of 7,986 shares of company stock valued at $8,370,777 over the last 90 days. 0.27% of the stock is owned by corporate insiders.

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.