Oppenheimer Asset Management Inc. Invests $3.64 Million in Equinix, Inc. $EQIX

Oppenheimer Asset Management Inc. acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,494 shares of the financial services provider’s stock, valued at approximately $3,642,000.

A number of other hedge funds have also bought and sold shares of the business. SJS Investment Consulting Inc. boosted its holdings in shares of Equinix by 27.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 9 shares during the last quarter. Fulton Bank N.A. lifted its position in Equinix by 3.1% during the second quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 10 shares during the period. Avion Wealth boosted its holdings in Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 11 shares during the last quarter. Blue Trust Inc. grew its position in Equinix by 1.3% in the 1st quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock worth $912,000 after purchasing an additional 12 shares during the period. Finally, Cornerstone Planning Group LLC raised its stake in Equinix by 30.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider’s stock valued at $54,000 after buying an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In other news, Director Christopher B. Paisley sold 4,000 shares of Equinix stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the sale, the director owned 13,859 shares in the company, valued at $14,126,201.52. This trade represents a 22.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brandi Galvin Morandi sold 3,726 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the transaction, the insider owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. This represents a 37.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 9,891 shares of company stock worth $10,430,452. 0.27% of the stock is owned by corporate insiders.

Equinix Price Performance

NASDAQ EQIX opened at $1,102.10 on Friday. 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, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68. The stock has a market cap of $108.75 billion, a price-to-earnings ratio of 70.97, a PEG ratio of 1.56 and a beta of 0.99. The company’s 50 day moving average is $1,049.70 and its two-hundred day moving average is $1,013.19.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data 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 net margin of 15.64% and a return on equity of 10.76%. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the company posted $9.91 earnings per share. The company’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, research analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be paid a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. Equinix’s dividend payout ratio is 132.90%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EQIX. JPMorgan Chase & Co. raised their price target on Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Jefferies Financial Group restated a “buy” rating and set a $1,340.00 price target on shares of Equinix in a research note on Thursday, July 30th. BTIG Research began coverage on shares of Equinix in a research note on Friday, July 10th. They issued a “buy” rating and a $1,210.00 price objective on the stock. Weiss Ratings raised shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group upped their target price on shares of Equinix from $894.00 to $1,015.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,202.20.

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.