NewEdge Wealth LLC Takes $1.88 Million Position in Equinix, Inc. $EQIX

NewEdge Wealth LLC acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,804 shares of the financial services provider’s stock, valued at approximately $1,880,000.

A number of other large investors have also recently added to or reduced their stakes in EQIX. Danica Pension Livsforsikringsaktieselskab bought a new position in shares of Equinix in the second quarter valued at $14,732,000. Danske Bank A S purchased a new stake in shares of Equinix during the second quarter valued at $96,191,000. Diversify Advisory Services LLC purchased a new stake in Equinix during the second quarter valued at about $487,000. Wealthfront Advisers LLC acquired a new position in Equinix in the 2nd quarter worth approximately $6,006,000. Finally, Main Street Financial Solutions LLC boosted its position in shares of Equinix by 9.0% in the second quarter. Main Street Financial Solutions LLC now owns 290 shares of the financial services provider’s stock worth $302,000 after buying an additional 24 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Equinix news, insider Kurt Pletcher sold 135 shares of the stock in a transaction dated 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 of the company’s stock, valued at $4,384,813.50. This represents a 3.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 6,132 shares in the company, valued at $6,600,239.52. This trade represents a 37.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 worth $8,370,777 in the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

Equinix stock opened at $1,082.61 on Friday. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day simple moving average of $1,052.47 and a 200 day simple moving average of $1,022.18. The company has a market capitalization of $106.82 billion, a PE ratio of 69.71, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.73 by $7.05. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the company posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, sell-side analysts forecast that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be paid a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. Equinix’s payout ratio is currently 132.90%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD Cowen lifted their target price on Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,270.00 target price on shares of Equinix in a research report on Monday, August 3rd. The Goldman Sachs Group increased their price target on Equinix from $894.00 to $1,015.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. HSBC reiterated a “buy” rating and issued a $1,400.00 price objective on shares of Equinix in a research note on Friday, August 14th. Finally, Oppenheimer reiterated an “outperform” rating and set a $1,200.00 target price on shares of Equinix in a research note on Thursday, April 30th. Two investment 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, Equinix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,203.40.

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.