Moore Capital Management LP Purchases 5,389 Shares of Equinix, Inc. $EQIX

Moore Capital Management LP boosted its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 235.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,675 shares of the financial services provider’s stock after purchasing an additional 5,389 shares during the quarter. Moore Capital Management LP’s holdings in Equinix were worth $8,000,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EQIX. TD Cowen boosted their price objective on shares of Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Truist Financial raised their target price on shares of Equinix from $1,215.00 to $1,220.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Scotiabank reaffirmed a “sector perform” rating and issued a $1,208.00 target price on shares of Equinix in a research report on Thursday, July 30th. UBS Group boosted their target price on shares of Equinix from $1,210.00 to $1,265.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Mizuho raised their price target on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,203.40.

Equinix Stock Performance

NASDAQ:EQIX opened at $1,044.41 on Monday. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The business has a fifty day moving average price of $1,050.60 and a 200-day moving average price of $1,032.51. The firm has a market capitalization of $103.05 billion, a price-to-earnings ratio of 67.25, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. 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 (NASDAQ:EQIX) last released 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 business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the previous year, the company posted $9.91 earnings per share. Equinix’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. Sell-side analysts forecast that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

The company 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 dividend on an annualized basis and a yield of 2.0%. Equinix’s dividend payout ratio (DPR) is presently 132.90%.

Insiders Place Their Bets

In other news, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the sale, the insider directly owned 6,132 shares of the company’s stock, valued at $6,600,239.52. This represents a 37.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the firm’s 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 owned 4,077 shares in the company, valued at $4,384,813.50. The trade was a 3.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 worth $8,370,777. Company 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.