One Wealth Capital Management LLC Buys 680 Shares of Equinix, Inc. $EQIX

One Wealth Capital Management LLC bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the third quarter, HoldingsChannel reports. The firm bought 680 shares of the financial services provider’s stock, valued at approximately $688,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Equinix during the second quarter valued at $11,930,074,000. Principal Financial Group Inc. lifted its stake in Equinix by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock worth $1,941,377,000 after purchasing an additional 27,643 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Equinix by 26,831.6% in the 2nd 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 worth $1,291,648,000 after purchasing an additional 1,234,521 shares in the last quarter. Legal & General Group Plc purchased a new stake in Equinix in the 2nd quarter worth $1,181,260,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Equinix during the 2nd quarter valued at about $1,163,662,000. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other 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 transaction 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 SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total value 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,770 shares of company stock worth $4,884,197 over the last 90 days. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

EQIX has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their price objective on Equinix from $1,015.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Mizuho increased their price target on Equinix from $1,200.00 to $1,275.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,270.00 price target (up from $1,207.00) on shares of Equinix in a report on Monday, August 3rd. Cantor Fitzgerald raised their price target on Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $1,208.00 price objective on shares of Equinix in a research note on Thursday, July 30th. Two investment 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 stock. Based on data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average target price of $1,215.68.

Equinix Price Performance

EQIX stock opened at $955.03 on Friday. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. 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 company has a fifty day simple moving average of $1,029.34 and a two-hundred day simple moving average of $1,048.97. The firm has a market capitalization of $94.23 billion, a P/E ratio of 61.50, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98.

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

Equinix Announces Dividend

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

Equinix Company 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.