Equinix, Inc. $EQIX Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC reduced its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 98.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,472 shares of the financial services provider’s stock after selling 119,278 shares during the period. Curated Wealth Partners LLC’s holdings in Equinix were worth $1,489,000 as of its most recent SEC filing.

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

Insider Transactions at Equinix

In other Equinix news, insider Michael Paladin sold 307 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total value of $317,748.07. Following the transaction, the insider directly owned 2,450 shares in the company, valued at $2,535,774.50. The trade was a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher Paisley sold 4,000 shares of the stock in a transaction that occurred 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 approximately $14,126,201.52. This trade represents a 22.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 4,770 shares of company stock worth $4,884,197. 0.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EQIX shares. Weiss Ratings downgraded Equinix from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Scotiabank reissued a “sector perform” rating and set a $1,208.00 price objective on shares of Equinix in a report on Thursday, July 30th. JPMorgan Chase & Co. upped their target price on shares of Equinix from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Mizuho increased their target price on Equinix from $1,200.00 to $1,275.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Finally, BNP Paribas Exane cut their price objective on Equinix from $1,222.00 to $1,219.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,206.55.

Equinix Trading Down 0.4%

NASDAQ:EQIX traded down $3.71 during trading hours on Thursday, hitting $992.18. 226,622 shares of the stock were exchanged, compared to its average volume of 583,982. The company’s 50 day moving average is $1,040.70 and its two-hundred day moving average is $1,049.71. The company has a market capitalization of $97.90 billion, a P/E ratio of 63.84, a price-to-earnings-growth ratio of 1.46 and a beta of 0.98. 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.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share 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 company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the business posted $9.91 EPS. The firm’s quarterly revenue 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, sell-side analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were paid a $5.16 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 2.1%. Equinix’s dividend payout ratio (DPR) is currently 132.90%.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.

The company’s services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.