Diversify Advisory Services LLC Makes New $487,000 Investment in Equinix, Inc. $EQIX

Diversify Advisory Services LLC purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 465 shares of the financial services provider’s stock, valued at approximately $487,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in Equinix during the 2nd quarter worth approximately $11,930,074,000. Norges Bank purchased a new position in Equinix in the 4th quarter valued at approximately $984,355,000. Deutsche Bank AG acquired a new position in shares of Equinix in the second quarter worth $1,118,930,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Equinix by 408.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock worth $929,312,000 after acquiring an additional 953,001 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Equinix in the second quarter valued at $598,815,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on EQIX shares. Guggenheim reissued a “buy” rating and set a $1,235.00 target price on shares of Equinix in a research note on Wednesday, May 20th. Mizuho increased their price target on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Cantor Fitzgerald lifted their price objective on Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. BTIG Research began coverage on Equinix in a research report on Friday, July 10th. They set a “buy” rating and a $1,210.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,270.00 target price on shares of Equinix in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,203.40.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the completion of the sale, the director owned 13,734 shares in the company, valued at approximately $15,156,567.72. The trade was a 0.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the company’s stock in a transaction 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 completion of the transaction, the insider owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. The trade was a 3.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 7,986 shares of company stock valued at $8,370,777. 0.27% of the stock is owned by corporate insiders.

Equinix Trading Up 0.5%

NASDAQ:EQIX opened at $1,082.61 on Friday. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68. The stock has a market cap of $106.82 billion, a P/E ratio of 69.71, a P/E/G ratio of 1.53 and a beta of 0.99. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50-day simple moving average of $1,052.47 and a 200-day simple moving average of $1,022.18.

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

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be paid a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, August 19th. Equinix’s dividend payout ratio is currently 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.