Corient Private Wealth LP Takes $12.46 Million Position in Equinix, Inc. $EQIX

Corient Private Wealth LP purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the second quarter, HoldingsChannel.com reports. The fund purchased 147,829 shares of the financial services provider’s stock, valued at approximately $12,458,000.

Other large investors have also made changes to their positions in the company. SJS Investment Consulting Inc. increased its stake in Equinix by 27.3% in the first quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 9 shares during the last quarter. Fulton Bank N.A. lifted its stake in Equinix by 3.1% during the second quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 10 shares during the last quarter. Avion Wealth lifted its stake 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 during the last quarter. Blue Trust Inc. boosted its holdings in shares of Equinix by 1.3% in the 1st quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock valued at $912,000 after purchasing an additional 12 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its stake in shares of Equinix by 30.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on EQIX. Scotiabank reissued a “sector perform” rating and set a $1,208.00 price target on shares of Equinix in a report on Thursday, July 30th. Weiss Ratings upgraded Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Truist Financial increased their target price on shares of Equinix from $1,215.00 to $1,220.00 and gave the stock a “buy” rating in a report on Friday, July 31st. HSBC restated a “buy” rating and issued a $1,400.00 price target on shares of Equinix in a research note on Friday, August 14th. Finally, Zacks Research lowered shares of Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,203.40.

Insider Activity at Equinix

In related news, insider Kurt Pletcher sold 135 shares of Equinix 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 transaction of $145,192.50. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the sale, the director directly owned 13,859 shares in the company, valued at $14,126,201.52. The trade was a 22.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,986 shares of company stock worth $8,370,777 in the last quarter. 0.27% of the stock is owned by insiders.

Equinix Trading Down 3.0%

Shares of EQIX stock opened at $1,044.41 on Friday. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The stock’s fifty day simple moving average is $1,050.60 and its 200 day simple moving average is $1,031.29. 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 firm has a market capitalization of $103.05 billion, a P/E ratio of 67.25, a P/E/G ratio of 1.48 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $2.59 billion. During the same period last year, the company earned $9.91 earnings per share. The business’s quarterly revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, sell-side analysts predict that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be issued a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is 132.90%.

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.