Equinix, Inc. $EQIX Stock: Signal Advisors Wealth LLC Raises Stake

Signal Advisors Wealth LLC raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 49.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,119 shares of the financial services provider’s stock after purchasing an additional 701 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Equinix were worth $2,144,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of EQIX. BlackRock Inc. bought a new stake in shares of Equinix during the second quarter worth $11,930,074,000. Principal Financial Group Inc. increased its stake in shares of Equinix by 1.4% in the first quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock valued at $1,941,377,000 after buying an additional 27,643 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Equinix by 26,831.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock valued at $1,291,648,000 after buying an additional 1,234,521 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Equinix in the second quarter valued at about $1,181,260,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Equinix in the second quarter valued at about $1,163,662,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Activity at Equinix

In other Equinix news, insider Kurt Pletcher sold 135 shares of the firm’s 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher Paisley sold 4,000 shares of the firm’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 completion of the transaction, the director directly owned 13,859 shares in the company, valued at approximately $14,126,201.52. The trade was a 22.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,770 shares of company stock worth $4,884,197 over the last ninety days. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

Equinix stock opened at $995.90 on Thursday. 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 1 year low of $720.62 and a 1 year high of $1,128.68. The company has a market cap of $98.27 billion, a PE ratio of 24.68, a PEG ratio of 1.46 and a beta of 0.98. The company’s 50-day moving average is $1,040.70 and its two-hundred day moving average is $1,049.71.

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

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were issued a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, August 19th. Equinix’s dividend payout ratio is currently 132.90%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Equinix from $1,015.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Citigroup reissued a “market outperform” rating on shares of Equinix in a report on Tuesday, August 4th. Sanford C. Bernstein raised their price objective on shares of Equinix from $1,222.00 to $1,270.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. HSBC dropped their target price on shares of Equinix from $1,400.00 to $1,380.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. Finally, Cantor Fitzgerald boosted their target price on shares of Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,206.55.

Equinix Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.

The company’s services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.