Falcon Wealth Planning Buys 721 Shares of Equinix, Inc. $EQIX

Falcon Wealth Planning boosted its stake in Equinix, Inc. (NASDAQ:EQIX) by 153.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,191 shares of the financial services provider’s stock after buying an additional 721 shares during the period. Falcon Wealth Planning’s holdings in Equinix were worth $1,167,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Equinix during the 4th quarter worth approximately $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Equinix by 408.1% during the third 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 purchasing an additional 953,001 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Equinix by 377,167.4% during the fourth quarter. SG Americas Securities LLC now owns 716,808 shares of the financial services provider’s stock valued at $549,190,000 after purchasing an additional 716,618 shares in the last quarter. Cohen & Steers Inc. grew its stake in Equinix by 23.3% in the fourth 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 during the period. Finally, Deutsche Bank AG raised its holdings in 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 in the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Raouf Abdel sold 2,040 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $1,083.47, for a total transaction of $2,210,278.80. Following the sale, the executive vice president owned 5,728 shares in the company, valued at $6,206,116.16. This represents a 26.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Charles J. Meyers sold 5,224 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the completion of the transaction, the chairman owned 7,370 shares of the company’s stock, valued at approximately $7,998,145.10. The trade was a 41.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,539 shares of company stock valued at $12,455,054 in the last quarter. 0.27% of the stock is owned by company insiders.

Equinix Stock Down 0.7%

Shares of NASDAQ:EQIX opened at $1,087.61 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The stock has a fifty day simple moving average of $1,078.80 and a two-hundred day simple moving average of $947.16. Equinix, Inc. has a 12-month low of $710.52 and a 12-month high of $1,128.68. The stock has a market capitalization of $107.26 billion, a price-to-earnings ratio of 75.27, a PEG ratio of 2.03 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last released its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the firm posted $9.67 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, research analysts anticipate that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were given a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Equinix’s dividend payout ratio is 142.84%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Sanford C. Bernstein assumed coverage on Equinix in a research report on Thursday, March 5th. They set an “outperform” rating and a $1,128.00 price objective for the company. Morgan Stanley upped their target price on shares of Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Monday, April 13th. Mizuho increased their price target on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Barclays lifted their price target on shares of Equinix from $1,020.00 to $1,109.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings lowered shares of Equinix from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,151.67.

Equinix 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.