Phillips Wealth Planners LLC Takes Position in Equinix, Inc. $EQIX

Phillips Wealth Planners LLC bought a new stake in Equinix, Inc. (NASDAQ:EQIX) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 666 shares of the financial services provider’s stock, valued at approximately $681,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EQIX. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Equinix by 6.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock worth $40,043,000 after buying an additional 3,108 shares in the last quarter. Legal & General Group Plc raised its holdings in Equinix by 10.5% in the fourth quarter. Legal & General Group Plc now owns 1,235,674 shares of the financial services provider’s stock valued at $946,724,000 after acquiring an additional 117,101 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Equinix by 5,149.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 128,097 shares of the financial services provider’s stock valued at $98,143,000 after acquiring an additional 125,657 shares in the last quarter. Generali Asset Management SPA SGR lifted its stake in Equinix by 17.8% in the fourth quarter. Generali Asset Management SPA SGR now owns 9,772 shares of the financial services provider’s stock worth $7,487,000 after acquiring an additional 1,478 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Equinix by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock worth $10,265,706,000 after acquiring an additional 107,227 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Performance

Shares of EQIX opened at $1,097.61 on Tuesday. The company has a market capitalization of $108.30 billion, a price-to-earnings ratio of 70.68, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. Equinix, Inc. has a 52-week low of $720.62 and a 52-week 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 stock has a 50 day moving average price of $1,050.40 and a 200 day moving average price of $1,016.68.

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

Equinix Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, August 19th. Equinix’s dividend payout ratio is currently 132.90%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EQIX. Guggenheim reissued a “buy” rating and issued a $1,235.00 price objective on shares of Equinix in a research report on Wednesday, May 20th. Zacks Research cut shares of Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Barclays boosted their target price on shares of Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 1st. TD Cowen increased their target price on Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,202.20.

Insiders Place Their Bets

In related news, Director Christopher B. Paisley sold 4,000 shares of the firm’s 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 transaction of $4,077,120.00. Following the transaction, the director owned 13,859 shares in the company, valued at $14,126,201.52. This trade represents a 22.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Raouf Abdel sold 2,040 shares of Equinix 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 in the company, valued at approximately $6,206,116.16. This trade represents a 26.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 9,766 shares of company stock valued at $10,297,916. 0.27% of the stock is currently owned by insiders.

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.