Equinix (NASDAQ:EQIX) Director Christopher Paisley Sells 125 Shares

Equinix, Inc. (NASDAQ:EQIX) Director Christopher Paisley sold 125 shares of Equinix stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the completion of the transaction, the director owned 13,734 shares of the company’s stock, valued at $15,156,567.72. This represents a 0.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Equinix Stock Down 1.1%

NASDAQ EQIX traded down $12.52 on Tuesday, hitting $1,085.09. 418,007 shares of the stock were exchanged, compared to its average volume of 608,139. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68. The company has a 50-day moving average price of $1,050.91 and a 200-day moving average price of $1,018.57. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market cap of $107.07 billion, a PE ratio of 69.87, a PEG ratio of 1.56 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $7.05. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Sell-side analysts anticipate that Equinix, Inc. will post 38.23 EPS for the current fiscal 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 given a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s dividend payout ratio is currently 132.90%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EQIX. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. UBS Group upped their price objective on shares of Equinix from $1,210.00 to $1,265.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Mizuho raised their price objective on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Scotiabank reissued a “sector perform” rating and issued a $1,208.00 target price on shares of Equinix in a report on Thursday, July 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $1,200.00 price target on shares of Equinix in a research report on Thursday, April 30th. Two research 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 stock. According to data from MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and a consensus target price of $1,203.40.

Institutional Trading of Equinix

A number of hedge funds have recently added to or reduced their stakes in EQIX. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Equinix by 6.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,265 shares of the financial services provider’s stock worth $40,043,000 after buying an additional 3,108 shares in the last quarter. Legal & General Group Plc increased its holdings in Equinix by 10.5% in the fourth quarter. Legal & General Group Plc now owns 1,235,674 shares of the financial services provider’s stock valued at $946,724,000 after buying an additional 117,101 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Equinix by 5,149.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 128,097 shares of the financial services provider’s stock valued at $98,143,000 after acquiring an additional 125,657 shares during the period. Generali Asset Management SPA SGR lifted its position in shares of Equinix by 17.8% during the 4th quarter. Generali Asset Management SPA SGR now owns 9,772 shares of the financial services provider’s stock valued at $7,487,000 after acquiring an additional 1,478 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Equinix by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock worth $10,265,706,000 after acquiring an additional 107,227 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

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.