Vise Technologies Inc. Makes New Investment in Equinix, Inc. $EQIX

Vise Technologies Inc. bought a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, Holdings Channel.com reports. The fund bought 3,686 shares of the financial services provider’s stock, valued at approximately $3,842,000.

A number of other institutional investors and hedge funds have also made changes to their positions in EQIX. Elevation Wealth Partners LLC boosted its position in 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 purchasing an additional 15 shares in the last quarter. Avion Wealth raised its holdings in 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 purchasing an additional 11 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in Equinix by 266.7% in the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 24 shares in the last quarter. Trust Co. of Vermont purchased a new stake in shares of Equinix during the second quarter valued at about $34,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Equinix during the fourth quarter valued at about $30,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Up 0.5%

Shares of Equinix stock opened at $1,082.61 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The firm has a market capitalization of $106.82 billion, a price-to-earnings ratio of 69.71, a PEG ratio of 1.53 and a beta of 0.99. The firm’s 50 day simple moving average is $1,052.47 and its two-hundred day simple moving average is $1,022.18.

Equinix (NASDAQ:EQIX) last posted its quarterly 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 business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the company posted $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Analysts predict 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. Investors of record on Wednesday, August 19th will be paid a $5.16 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. Equinix’s dividend payout ratio (DPR) is 132.90%.

Insiders Place Their Bets

In other news, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was 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 directly owned 4,077 shares in the company, valued at $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the sale, the insider directly owned 6,132 shares of the company’s stock, valued at $6,600,239.52. This trade represents a 37.80% decrease in their position. 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 sold 7,986 shares of company stock valued at $8,370,777. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. HSBC reaffirmed a “buy” rating and issued a $1,400.00 price objective on shares of Equinix in a research report on Friday, August 14th. Citigroup restated a “market outperform” rating on shares of Equinix in a research note on Tuesday, August 4th. UBS Group lifted their price target on shares of Equinix from $1,210.00 to $1,265.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Evercore reiterated an “outperform” rating and set a $1,270.00 price objective on shares of Equinix in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Equinix has a consensus rating of “Moderate Buy” and an average price target 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.