830 Shares of Equinix, Inc. $EQIX Purchased by AA Financial Advisors LLC

AA Financial Advisors LLC purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 830 shares of the financial services provider’s stock, valued at approximately $839,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. acquired a new position in Equinix in the second quarter valued at approximately $11,930,074,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Equinix by 26,831.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider’s stock valued at $1,291,648,000 after acquiring an additional 1,234,521 shares during the last quarter. Legal & General Group Plc acquired a new stake in Equinix during the 2nd quarter worth $1,181,260,000. Canada Pension Plan Investment Board acquired a new stake in Equinix during the 2nd quarter worth $1,163,662,000. Finally, Deutsche Bank AG acquired a new stake in Equinix during the 2nd quarter worth $1,118,930,000. 94.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Christopher Paisley sold 125 shares of Equinix stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the transaction, the director directly owned 13,734 shares of the company’s stock, valued at $15,156,567.72. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the completion of the transaction, the insider directly owned 4,077 shares of the company’s stock, valued at $4,384,813.50. This trade represents a 3.21% 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. Over the last three months, insiders have sold 4,770 shares of company stock worth $4,884,197. Company insiders own 0.27% of the company’s stock.

Equinix Trading Down 1.0%

Shares of NASDAQ:EQIX traded down $10.27 during mid-day trading on Monday, reaching $975.71. The stock had a trading volume of 506,748 shares, compared to its average volume of 586,436. The firm has a market cap of $96.28 billion, a PE ratio of 62.83, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The firm has a 50 day simple moving average of $1,038.44 and a two-hundred day simple moving average of $1,050.10. 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 twelve month low of $720.62 and a twelve month high of $1,128.68.

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 the consensus estimate of $4.73 by $7.05. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. Equinix’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, research analysts predict that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have commented on EQIX. Royal Bank Of Canada upped their target price on shares of Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. UBS Group raised their price target on Equinix from $1,210.00 to $1,265.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Scotiabank restated a “sector perform” rating and issued a $1,208.00 price target on shares of Equinix in a research report on Thursday, July 30th. Sanford C. Bernstein lifted their price objective on Equinix from $1,222.00 to $1,270.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, Mizuho upped their price objective on Equinix from $1,200.00 to $1,275.00 and gave the company an “outperform” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,206.55.

About Equinix

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.