Pallas Capital Advisors LLC Makes New $705,000 Investment in Equinix, Inc. $EQIX

Pallas Capital Advisors LLC purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 676 shares of the financial services provider’s stock, valued at approximately $705,000.

A number of other hedge funds have also recently modified their holdings of EQIX. SJS Investment Consulting Inc. increased its stake in shares of Equinix by 27.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 9 shares in the last quarter. Fulton Bank N.A. grew its holdings in Equinix by 3.1% during the second quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 10 shares during the period. Avion Wealth grew its holdings in Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 11 shares during the period. Blue Trust Inc. increased its position in Equinix by 1.3% in the first quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock worth $912,000 after buying an additional 12 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its position in Equinix by 30.8% in the first quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider’s stock worth $54,000 after buying an additional 12 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the sale, the insider owned 6,132 shares in the company, valued at $6,600,239.52. This trade represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the completion of the transaction, the director directly owned 13,734 shares in the company, valued at $15,156,567.72. This trade represents a 0.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,891 shares of company stock valued at $10,435,864 in the last three months. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on EQIX shares. HSBC reaffirmed a “buy” rating and issued a $1,400.00 price objective on shares of Equinix in a research note on Friday, August 14th. Truist Financial raised their target price on shares of Equinix from $1,215.00 to $1,220.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Scotiabank reaffirmed a “sector perform” rating and set a $1,208.00 price target on shares of Equinix in a report on Thursday, July 30th. Oppenheimer reiterated an “outperform” rating and issued a $1,200.00 price target on shares of Equinix in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,203.40.

Equinix Price Performance

Shares of Equinix stock opened at $1,077.08 on Thursday. The company has a market capitalization of $106.28 billion, a price-to-earnings ratio of 69.35, a PEG ratio of 1.54 and a beta of 0.99. 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 stock’s 50-day simple moving average is $1,051.68 and its 200-day simple moving average is $1,020.34. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $7.05. The firm 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% on a year-over-year basis. During the same quarter last year, the business posted $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, 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 will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is 132.90%.

Equinix Company 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.