Equinix (NASDAQ:EQIX) Insider Michael Shane Paladin Sells 327 Shares

Equinix, Inc. (NASDAQ:EQIX) insider Michael Shane Paladin sold 327 shares of the stock in a transaction on Friday, January 16th. The shares were sold at an average price of $804.36, for a total value of $263,025.72. Following the sale, the insider owned 952 shares of the company’s stock, valued at approximately $765,750.72. This represents a 25.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Equinix Stock Performance

NASDAQ EQIX traded down $17.58 on Tuesday, hitting $784.20. 496,784 shares of the company’s stock traded hands, compared to its average volume of 538,161. Equinix, Inc. has a 1-year low of $701.41 and a 1-year high of $953.41. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $77.00 billion, a PE ratio of 71.81, a P/E/G ratio of 1.25 and a beta of 1.05. The firm’s 50-day moving average price is $765.68 and its two-hundred day moving average price is $782.56.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $9.83 earnings per share for the quarter, topping analysts’ consensus estimates of $9.27 by $0.56. Equinix had a net margin of 11.82% and a return on equity of 7.70%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the firm posted $9.05 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. Equinix has set its FY 2025 guidance at 37.950-38.77 EPS. As a group, analysts expect that Equinix, Inc. will post 33.1 EPS for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, November 19th were given a $4.69 dividend. This represents a $18.76 annualized dividend and a yield of 2.4%. The ex-dividend date was Wednesday, November 19th. Equinix’s dividend payout ratio is presently 171.79%.

Hedge Funds Weigh In On Equinix

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quent Capital LLC boosted its stake in shares of Equinix by 4.2% in the third quarter. Quent Capital LLC now owns 298 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 12 shares during the period. Whittier Trust Co. grew its stake in shares of Equinix by 1.3% during the second quarter. Whittier Trust Co. now owns 1,040 shares of the financial services provider’s stock valued at $827,000 after acquiring an additional 13 shares in the last quarter. CVA Family Office LLC increased its position in shares of Equinix by 10.9% during the second quarter. CVA Family Office LLC now owns 132 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 13 shares during the last quarter. Flputnam Investment Management Co. lifted its stake in shares of Equinix by 1.0% in the third quarter. Flputnam Investment Management Co. now owns 1,295 shares of the financial services provider’s stock worth $1,014,000 after acquiring an additional 13 shares in the last quarter. Finally, Paragon Private Wealth Management LLC boosted its holdings in Equinix by 2.7% in the third quarter. Paragon Private Wealth Management LLC now owns 495 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $915.00 price objective on Equinix in a research report on Tuesday, January 6th. UBS Group set a $959.00 price target on shares of Equinix in a report on Wednesday, January 14th. Wall Street Zen lowered shares of Equinix from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. The Goldman Sachs Group cut shares of Equinix from a “buy” rating to a “neutral” rating and set a $795.00 price target on the stock. in a research note on Thursday, December 18th. Finally, Citigroup reissued a “buy” rating on shares of Equinix in a research report on Thursday, December 11th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and an average target price of $959.64.

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.