Trivium Point Advisory LLC Acquires Shares of 1,706 Equinix, Inc. $EQIX

Trivium Point Advisory LLC bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, Holdings Channel.com reports. The fund bought 1,706 shares of the financial services provider’s stock, valued at approximately $1,778,000.

Several other institutional investors have also made changes to their positions in the stock. Norges Bank bought a new position in Equinix during the 4th quarter worth $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Equinix by 408.1% during the 3rd 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 valued at $929,312,000 after acquiring an additional 953,001 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Equinix during the 2nd quarter worth $598,815,000. Cohen & Steers Inc. grew its holdings in shares of Equinix by 23.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock worth $1,998,978,000 after purchasing an additional 493,141 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of Equinix by 30.0% in the fourth quarter. Deutsche Bank AG now owns 1,094,808 shares of the financial services provider’s stock worth $838,798,000 after purchasing an additional 252,964 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Equinix news, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the transaction, the executive vice president directly owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. The trade was a 26.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the transaction, the insider owned 6,132 shares in the company, valued at $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. 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 three months, insiders sold 9,766 shares of company stock worth $10,297,916. 0.27% of the stock is owned by corporate insiders.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $1,102.10 on Monday. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The firm has a fifty day simple moving average of $1,049.70 and a 200 day simple moving average of $1,014.65. The company has a market capitalization of $108.74 billion, a PE ratio of 70.97, a P/E/G ratio of 1.56 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.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the prior year, the firm posted $9.91 earnings per share. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, sell-side analysts forecast that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th 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, August 19th. Equinix’s payout ratio is presently 132.90%.

Analyst Upgrades and Downgrades

EQIX has been the subject of several recent analyst reports. Mizuho upped their price objective on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Wells Fargo & Company boosted their target price on shares of Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Citigroup reiterated a “market outperform” rating on shares of Equinix in a research report on Tuesday, August 4th. Finally, Guggenheim reissued a “buy” rating and issued a $1,235.00 price objective on shares of Equinix in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,202.20.

About Equinix

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.