Heartland Bank & Trust Co Buys Shares of 595 Equinix, Inc. $EQIX

Heartland Bank & Trust Co purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 595 shares of the financial services provider’s stock, valued at approximately $620,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avion Wealth increased its position in shares of 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 buying an additional 11 shares during the period. Elevation Wealth Partners LLC lifted its holdings in 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 during the period. Kemnay Advisory Services Inc. bought a new stake in Equinix during the fourth quarter valued at $30,000. Physician Wealth Advisors Inc. boosted its position in Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 24 shares during the last quarter. Finally, WPG Advisers LLC grew 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 acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Price Performance

EQIX stock opened at $1,065.39 on Friday. The stock has a market capitalization of $105.12 billion, a PE ratio of 68.60, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. The company’s 50-day moving average is $1,052.66 and its 200-day moving average is $1,022.48. 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, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating 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 business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period in the previous year, the company posted $9.91 EPS. The firm’s 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. Equities research analysts expect that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Dividend Announcement

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

Wall Street Analyst Weigh In

EQIX has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on Equinix from $894.00 to $1,015.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. TD Cowen raised their target price on Equinix from $1,143.00 to $1,166.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $1,270.00 target price on shares of Equinix in a report on Monday, August 3rd. Raymond James Financial raised Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price target on the stock in a research note on Thursday, April 30th. Finally, Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,203.40.

Insider Buying and Selling

In other Equinix news, 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 value of $145,192.50. Following the transaction, the insider directly owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of Equinix stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the transaction, the director owned 13,859 shares of the company’s stock, valued at $14,126,201.52. This represents a 22.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,986 shares of company stock worth $8,370,777 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

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.