732 Shares in Equinix, Inc. $EQIX Acquired by L2 Asset Management LLC

L2 Asset Management LLC acquired a new stake in Equinix, Inc. (NASDAQ:EQIX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 732 shares of the financial services provider’s stock, valued at approximately $763,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avion Wealth boosted its position in Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 11 shares in the last quarter. Elevation Wealth Partners LLC increased its position in shares of Equinix by 166.7% in 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 in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Equinix in the fourth quarter valued at $30,000. Physician Wealth Advisors Inc. raised its stake in shares of 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 buying an additional 24 shares during the last quarter. Finally, Trust Co. of Vermont acquired a new position in shares of Equinix during the 2nd quarter worth $34,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EQIX. Cantor Fitzgerald increased their price objective on shares of Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating and set a $1,340.00 target price on shares of Equinix in a research report on Thursday, July 30th. UBS Group upped their price target on shares of Equinix from $1,210.00 to $1,265.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Truist Financial increased their price target on shares of Equinix from $1,215.00 to $1,220.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Citigroup reissued a “market outperform” rating on shares of Equinix in a research note on Tuesday, August 4th. Two investment 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. According to MarketBeat, Equinix currently has an average rating of “Moderate Buy” and a consensus price target of $1,203.40.

Equinix Stock Down 1.0%

Shares of NASDAQ:EQIX opened at $1,055.20 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $104.12 billion, a P/E ratio of 67.95, a P/E/G 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. The stock’s fifty day simple moving average is $1,052.48 and its 200-day simple moving average is $1,025.76.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping 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 firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the business posted $9.91 EPS. The firm’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. As a group, equities research analysts forecast that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be issued 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 dividend yield of 2.0%. Equinix’s payout ratio is 132.90%.

Insider Transactions at Equinix

In other news, insider Kurt Pletcher sold 135 shares of the business’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 value of $145,192.50. Following the completion of the transaction, the insider owned 4,077 shares of the company’s stock, valued at $4,384,813.50. The trade was a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the transaction, the director directly owned 13,734 shares in the company, valued at $15,156,567.72. The trade was a 0.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,986 shares of company stock worth $8,370,777 over the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

About Equinix

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.