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

by · The Cerbat Gem

AA Financial Advisors LLC bought a new position in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 830 shares of the financial services provider’s stock, valued at approximately $839,000.

Several other institutional investors have also recently added to or reduced their stakes in EQIX. SJS Investment Consulting Inc. boosted its position in Equinix by 27.3% in the first quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock valued at $41,000 after buying an additional 9 shares in the last quarter. Fulton Bank N.A. increased its holdings in shares of Equinix by 3.1% during the second quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider’s stock worth $342,000 after buying an additional 10 shares in the last quarter. Avion Wealth increased its holdings in shares of Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after buying an additional 11 shares in the last quarter. High Net Worth Advisory Group LLC raised its stake in shares of Equinix by 5.3% in the second quarter. High Net Worth Advisory Group LLC now owns 219 shares of the financial services provider’s stock valued at $229,000 after acquiring an additional 11 shares during the last quarter. Finally, Angeles Wealth Management LLC raised its stake in shares of Equinix by 3.7% in the second quarter. Angeles Wealth Management LLC now owns 310 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 11 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Equinix Price Performance

EQIX traded down $10.27 during midday trading on Monday, hitting $975.71. The company had a trading volume of 506,748 shares, compared to its average volume of 586,436. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $96.28 billion, a PE ratio of 62.83, a P/E/G ratio of 1.41 and a beta of 0.98. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The firm’s 50-day simple moving average is $1,038.44 and its 200-day simple moving average is $1,050.10.

Equinix (NASDAQ:EQIX – Get Free Report) last announced its earnings results 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. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the firm posted $9.91 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities 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 was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were given a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, August 19th. Equinix’s payout ratio is 132.90%.

Insider Buying and Selling

In other Equinix news, insider Kurt Pletcher sold 135 shares of the stock in a transaction 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 directly owned 4,077 shares in the company, valued at approximately $4,384,813.50. This trade represents a 3.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of Equinix stock in a transaction on Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total value of $317,748.07. Following the completion of the sale, the insider directly owned 2,450 shares of the company’s stock, valued at $2,535,774.50. This trade represents a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,770 shares of company stock worth $4,884,197 in the last quarter. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on EQIX shares. Cantor Fitzgerald boosted their target price on Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Truist Financial raised their price target on Equinix from $1,215.00 to $1,220.00 and gave the company a “buy” rating in a report on Friday, July 31st. Barclays lifted their price objective on Equinix from $1,130.00 to $1,135.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 8th. UBS Group lifted their price objective on Equinix from $1,210.00 to $1,265.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, BMO Capital Markets boosted their price objective on Equinix from $1,225.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and an average price target of $1,206.55.

View Our Latest Research Report on Equinix

About Equinix

(Free Report)

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.

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