4,933 Shares in Equinix, Inc. $EQIX Bought by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC purchased a new position in Equinix, Inc. (NASDAQ:EQIX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,933 shares of the financial services provider’s stock, valued at approximately $5,142,000.

Other institutional investors have also added to or reduced their stakes in the company. Avion Wealth increased its holdings in shares of Equinix by 73.3% in the first 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. Elevation Wealth Partners LLC boosted its holdings in Equinix by 166.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 15 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in Equinix during the 4th quarter valued at about $30,000. Physician Wealth Advisors Inc. grew its position in Equinix by 266.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 24 shares during the last quarter. Finally, Trust Co. of Vermont purchased a new position in Equinix in the 2nd quarter worth approximately $34,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction dated 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 transaction, 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the completion of the transaction, the director directly owned 13,734 shares of the company’s stock, valued at approximately $15,156,567.72. The trade was a 0.90% 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. In the last 90 days, insiders have sold 7,986 shares of company stock valued at $8,370,777. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Citigroup reiterated a “market outperform” rating on shares of Equinix in a research report on Tuesday, August 4th. 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. Cantor Fitzgerald upped their price target 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. Jefferies Financial Group reissued a “buy” rating and set a $1,340.00 price target on shares of Equinix in a research report on Thursday, July 30th. Finally, Guggenheim reissued a “buy” rating and issued a $1,235.00 price target on shares of Equinix in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,203.40.

Equinix Price Performance

Shares of EQIX stock opened at $1,044.41 on Friday. 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, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68. The firm has a market cap of $103.05 billion, a P/E ratio of 67.25, a P/E/G ratio of 1.53 and a beta of 0.99. The business’s 50 day moving average price is $1,050.60 and its 200-day moving average price is $1,031.29.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 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 company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the company earned $9.91 earnings per share. The firm’s revenue for the quarter 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 research analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Announces Dividend

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

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.