Heartland Bank & Trust Co Takes Position in Equinix, Inc. $EQIX

Heartland Bank & Trust Co purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 595 shares of the financial services provider’s stock, valued at approximately $620,000.

Other hedge funds have also added to or reduced their stakes in the company. Ieq Capital LLC acquired a new position in Equinix during the second quarter valued at approximately $24,281,000. Callan Family Office LLC bought a new stake in Equinix during the second quarter worth $5,180,000. Blue Capital Inc. acquired a new stake in shares of Equinix in the 2nd quarter valued at $228,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Equinix in the 2nd quarter valued at $402,000. Finally, Allworth Financial LP bought a new position in shares of Equinix in the 2nd quarter valued at $2,781,000. 94.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EQIX has been the subject of a number of research analyst reports. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings raised Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,270.00 target price on shares of Equinix in a report on Monday, August 3rd. Scotiabank restated a “sector perform” rating and issued a $1,208.00 price target on shares of Equinix in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald lifted their price target on shares of Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Two research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,203.40.

Insider Buying and Selling

In other Equinix news, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the sale, the insider directly owned 6,132 shares of the company’s stock, valued at $6,600,239.52. The trade was a 37.80% decrease in their position. The transaction 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 125 shares of the company’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 transaction, the director owned 13,734 shares of the company’s stock, valued at approximately $15,156,567.72. This trade represents a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,986 shares of company stock worth $8,370,777 in the last ninety days. Company insiders own 0.27% of the company’s stock.

Equinix Trading Down 1.6%

NASDAQ EQIX opened at $1,065.39 on Friday. The company has a market cap of $105.12 billion, a price-to-earnings ratio of 68.60, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. Equinix, Inc. has a twelve month low of $720.62 and a twelve month 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 business’s fifty day moving average is $1,052.66 and its 200 day moving average is $1,022.48.

Equinix (NASDAQ:EQIX) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the prior year, the firm earned $9.91 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, sell-side analysts expect that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be given a dividend of $5.16 per share. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 1.9%. Equinix’s dividend payout ratio (DPR) 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.