23,294 Shares in Equinix, Inc. $EQIX Purchased by Ieq Capital LLC

Ieq Capital LLC bought a new stake in Equinix, Inc. (NASDAQ:EQIX) during the second quarter, HoldingsChannel reports. The institutional investor bought 23,294 shares of the financial services provider’s stock, valued at approximately $24,281,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EQIX. Callan Family Office LLC purchased a new stake in Equinix in the second quarter worth $5,180,000. Blue Capital Inc. purchased a new position in shares of Equinix during the 2nd quarter valued at $228,000. Keating Financial Advisory Services Inc. bought a new position in shares of Equinix during the 2nd quarter worth $402,000. Allworth Financial LP purchased a new stake in Equinix in the 2nd quarter worth about $2,781,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new stake in Equinix in the 2nd quarter valued at about $5,394,000. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on EQIX shares. TD Cowen boosted their price target on shares of Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Royal Bank Of Canada increased their target price on Equinix from $1,125.00 to $1,225.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Zacks Research lowered Equinix from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Stifel Nicolaus raised their target price on Equinix from $1,250.00 to $1,265.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, UBS Group lifted their target price on Equinix from $1,210.00 to $1,265.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Two equities 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,203.40.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 4,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the completion of the transaction, the director directly owned 13,859 shares in the company, valued at approximately $14,126,201.52. The trade was a 22.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the sale, the insider owned 4,077 shares in the company, valued at $4,384,813.50. The trade was a 3.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,986 shares of company stock valued at $8,370,777 in the last quarter. Insiders own 0.27% of the company’s stock.

Equinix Price Performance

Equinix stock opened at $1,065.39 on Friday. The stock has a market cap of $105.12 billion, a price-to-earnings ratio of 68.60, 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 business has a 50-day simple moving average of $1,052.66 and a 200 day simple moving average of $1,022.48. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68.

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

Equinix Dividend Announcement

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 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s payout ratio is currently 132.90%.

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.