Equinix, Inc. $EQIX Shares Sold by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA reduced its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,906 shares of the financial services provider’s stock after selling 542 shares during the quarter. Equinix makes up 1.2% of Middleton & Co. Inc. MA’s holdings, making the stock its 26th largest position. Middleton & Co. Inc. MA’s holdings in Equinix were worth $11,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. 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 bought a new position in Equinix in the second quarter worth about $34,000. Finally, Bogart Wealth LLC lifted its position in shares of Equinix by 233.3% during the first quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider’s stock valued at $39,000 after buying an additional 28 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Equinix news, insider Michael Paladin sold 307 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the sale, the insider owned 2,450 shares of the company’s stock, valued at approximately $2,535,774.50. The trade was a 11.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher B. Paisley sold 4,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $14,126,201.52. The trade was a 22.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,770 shares of company stock worth $4,884,197 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Equinix Stock Up 0.3%

Shares of EQIX stock opened at $955.03 on Friday. The stock’s fifty day moving average price is $1,029.34 and its 200 day moving average price is $1,048.97. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68. The company has a market cap of $94.23 billion, a price-to-earnings ratio of 61.50, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98. 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 (NASDAQ:EQIX) last released its quarterly 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. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%. The firm’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business posted $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, research analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th were issued a dividend of $5.16 per share. The ex-dividend date was Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 2.2%. Equinix’s dividend payout ratio is 132.90%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 16th. Royal Bank Of Canada lifted their price objective on shares of Equinix from $1,125.00 to $1,225.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Canadian Imperial Bank of Commerce assumed coverage on shares of Equinix in a research note on Tuesday. They set an “outperform” rating and a $1,200.00 price objective for the company. BTIG Research increased their target price on shares of Equinix from $1,210.00 to $1,240.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Finally, The Goldman Sachs Group raised their target price on shares of Equinix from $1,015.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and an average price target of $1,215.68.

Equinix Profile

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.