1,217 Shares of Equinix, Inc. $EQIX Purchased by Peterson Wealth Services

Peterson Wealth Services bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,217 shares of the financial services provider’s stock, valued at approximately $1,231,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Elevation Wealth Partners LLC raised its position in Equinix by 166.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after buying an additional 15 shares during the last quarter. Avion Wealth lifted its stake in Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 11 shares during the period. Physician Wealth Advisors Inc. lifted its stake in Equinix by 266.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 24 shares during the period. Trust Co. of Vermont acquired a new stake in Equinix during the 2nd quarter valued at approximately $34,000. Finally, Bogart Wealth LLC boosted its holdings in shares of Equinix by 233.3% in the 1st quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Up 1.3%

Shares of NASDAQ:EQIX opened at $967.65 on Tuesday. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The company has a market capitalization of $95.48 billion, a PE ratio of 62.31, a PEG ratio of 1.36 and a beta of 0.98. The business has a 50 day moving average of $1,030.66 and a two-hundred day moving average of $1,002.43. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $7.05. The firm had revenue of $2.62 billion during 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 business’s revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, analysts forecast that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Dividend Announcement

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

Insider Activity

In other Equinix news, Director Christopher Paisley sold 125 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total value of $137,947.50. Following the completion of the sale, the director owned 13,734 shares in the company, valued at approximately $15,156,567.72. This represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total value of $145,192.50. Following the transaction, the insider owned 4,077 shares in the company, valued at approximately $4,384,813.50. This represents a 3.21% decrease in their ownership of the stock. 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 sold 4,770 shares of company stock worth $4,884,197 over the last three months. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of Equinix from $1,125.00 to $1,225.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. TD Cowen boosted their target price 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. Cantor Fitzgerald upped 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. Guggenheim reaffirmed a “buy” rating and set a $1,235.00 price target on shares of Equinix in a research report on Tuesday, October 20th. Finally, Canadian Imperial Bank of Commerce assumed coverage on Equinix in a research report on Tuesday, October 20th. They set an “outperform” rating and a $1,200.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,215.68.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.