NewEdge Wealth LLC Has $2.30 Million Stock Position in Equinix, Inc. $EQIX

NewEdge Wealth LLC raised its holdings in Equinix, Inc. (NASDAQ:EQIX) by 19.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,997 shares of the financial services provider’s stock after acquiring an additional 493 shares during the quarter. NewEdge Wealth LLC’s holdings in Equinix were worth $2,297,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quent Capital LLC increased its position in Equinix by 4.2% in the 3rd quarter. Quent Capital LLC now owns 298 shares of the financial services provider’s stock valued at $233,000 after acquiring an additional 12 shares during the period. Paragon Private Wealth Management LLC increased its stake in shares of Equinix by 2.7% in the third quarter. Paragon Private Wealth Management LLC now owns 495 shares of the financial services provider’s stock valued at $388,000 after buying an additional 13 shares during the period. Cornerstone Planning Group LLC increased its stake in shares of Equinix by 40.6% in the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock valued at $37,000 after buying an additional 13 shares during the period. Crestwood Advisors Group LLC increased its stake in shares of Equinix by 3.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock valued at $304,000 after buying an additional 14 shares during the period. Finally, Howard Capital Management Inc. increased its stake in shares of Equinix by 2.3% in the third quarter. Howard Capital Management Inc. now owns 664 shares of the financial services provider’s stock valued at $520,000 after buying an additional 15 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Equinix Trading Down 0.5%

NASDAQ EQIX opened at $1,080.63 on Wednesday. The business has a 50 day simple moving average of $1,020.24 and a 200 day simple moving average of $882.59. Equinix, Inc. has a one year low of $710.52 and a one year high of $1,128.68. The stock has a market capitalization of $106.57 billion, a P/E ratio of 74.78, a P/E/G ratio of 2.04 and a beta of 1.01. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping the consensus estimate of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the firm posted $9.67 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Research analysts expect that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be issued a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is presently 142.84%.

Insiders Place Their Bets

In other Equinix news, insider Brandi Galvin Morandi sold 424 shares of the firm’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $1,020.00, for a total value of $432,480.00. Following the completion of the sale, the insider directly owned 9,970 shares in the company, valued at approximately $10,169,400. This trade represents a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Adaire Fox-Martin sold 1,086 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $966.20, for a total transaction of $1,049,293.20. Following the completion of the sale, the chief executive officer owned 19,574 shares of the company’s stock, valued at $18,912,398.80. The trade was a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 11,604 shares of company stock valued at $11,848,264. 0.27% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EQIX shares. Truist Financial set a $1,215.00 price target on Equinix in a research note on Friday, May 1st. Stifel Nicolaus set a $1,075.00 price target on Equinix in a research note on Thursday, February 12th. Weiss Ratings upgraded shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. Citigroup reiterated an “outperform” rating on shares of Equinix in a research report on Thursday, April 30th. Finally, Guggenheim increased their price objective on shares of Equinix from $985.00 to $1,235.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,143.60.

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.