Wealthfront Advisers LLC Purchases New Position in Equinix, Inc. $EQIX

Wealthfront Advisers LLC purchased a new position in Equinix, Inc. (NASDAQ:EQIX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,762 shares of the financial services provider’s stock, valued at approximately $6,006,000.

Several other institutional investors and hedge funds have also bought and sold shares of EQIX. SJS Investment Consulting Inc. grew 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 worth $41,000 after acquiring an additional 9 shares during the period. Fulton Bank N.A. lifted its stake in shares of Equinix by 3.1% in the 2nd 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 position in shares of Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 11 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Equinix by 1.3% during the first quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock valued at $912,000 after purchasing an additional 12 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in Equinix by 30.8% in the first quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 12 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Equinix Trading Up 0.5%

Shares of NASDAQ:EQIX opened at $1,082.61 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. Equinix, Inc. has a 1 year low of $720.62 and a 1 year high of $1,128.68. The company has a market cap of $106.82 billion, a P/E ratio of 69.71, a PEG ratio of 1.53 and a beta of 0.99. The stock’s fifty day moving average price is $1,052.47 and its 200-day moving average price is $1,022.18.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.59 billion. During the same period last year, the company earned $9.91 EPS. Equinix’s revenue for the quarter was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Sell-side analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently declared 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 is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. Equinix’s payout ratio is currently 132.90%.

Insider Activity

In related news, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the sale, the insider owned 4,077 shares in the company, valued at approximately $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction that occurred 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 completion of the sale, the insider directly owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. This trade represents a 37.80% decrease in their position. 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 7,986 shares of company stock valued at $8,370,777 over the last three months. Insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays raised their price objective on Equinix from $1,109.00 to $1,130.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 1st. Weiss Ratings raised shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Citigroup reiterated a “market outperform” rating on shares of Equinix in a research note on Tuesday, August 4th. Guggenheim reissued a “buy” rating and set a $1,235.00 price target on shares of Equinix in a research report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,270.00 price objective on shares of Equinix in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,203.40.

About Equinix

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.