Intrua Financial LLC Purchases Shares of 600 Equinix, Inc. $EQIX

Intrua Financial LLC purchased a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the 4th quarter, Holdings Channel.com reports. The fund purchased 600 shares of the financial services provider’s stock, valued at approximately $460,000.

Other hedge funds also recently modified their holdings of the company. Ameriflex Group Inc. increased its holdings in Equinix by 433.3% in the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 26 shares during the period. Princeton Global Asset Management LLC lifted its holdings in Equinix by 200.0% during the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock worth $32,000 after buying an additional 28 shares during the period. WPG Advisers LLC lifted its holdings in Equinix by 51.7% during the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock worth $34,000 after buying an additional 15 shares during the period. Cornerstone Planning Group LLC grew its position in shares of Equinix by 40.6% in the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock valued at $37,000 after buying an additional 13 shares during the last quarter. Finally, Activest Wealth Management grew its position in shares of Equinix by 81.5% in the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock valued at $38,000 after buying an additional 22 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity at Equinix

In other Equinix news, Chairman Charles J. Meyers sold 5,224 shares of Equinix stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the completion of the sale, the chairman directly owned 7,370 shares of the company’s stock, valued at approximately $7,998,145.10. The trade was a 41.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Adaire Fox-Martin sold 1,086 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $966.20, for a total transaction of $1,049,293.20. Following the transaction, the chief executive officer owned 19,574 shares in the company, valued at $18,912,398.80. This represents a 5.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,729 shares of company stock worth $11,980,800 over the last ninety days. 0.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EQIX shares. Barclays raised their price objective on Equinix from $1,020.00 to $1,109.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Jefferies Financial Group increased their target price on shares of Equinix from $950.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price target for the company in a report on Thursday, April 30th. Cantor Fitzgerald boosted their price target on shares of Equinix from $1,173.00 to $1,186.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $1,207.00 price objective on shares of Equinix in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,143.60.

Equinix Stock Down 1.3%

Shares of Equinix stock opened at $1,048.43 on Wednesday. The stock’s 50-day moving average is $1,030.84 and its 200 day moving average is $891.04. Equinix, Inc. has a one year low of $710.52 and a one year high of $1,128.68. The firm has a market cap of $103.40 billion, a price-to-earnings ratio of 72.56, a PEG ratio of 2.00 and a beta of 1.01. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the company posted $9.67 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts anticipate that Equinix, Inc. will post 37.72 EPS for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be paid a $5.16 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. Equinix’s payout ratio is currently 142.84%.

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.