Wedbush Fund Advisers LLC Takes Position in Equinix, Inc. $EQIX

Wedbush Fund Advisers LLC bought a new position in Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 680 shares of the financial services provider’s stock, valued at approximately $709,000.

Other hedge funds also recently made changes to their positions in the company. Avion Wealth increased its position in shares of Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 11 shares during the period. Elevation Wealth Partners LLC boosted its holdings in shares of Equinix by 166.7% during the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 15 shares during the period. Kemnay Advisory Services Inc. bought a new stake in shares of Equinix in the fourth quarter worth about $30,000. Physician Wealth Advisors Inc. grew its stake in shares of Equinix by 266.7% in the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 24 shares during the last quarter. Finally, Trust Co. of Vermont purchased a new position in Equinix during the 2nd quarter valued at about $34,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Brandi Galvin Morandi sold 3,726 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the transaction, the insider owned 6,132 shares in the company, valued at $6,600,239.52. The trade was a 37.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the stock in a transaction dated 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 sale, the director directly owned 13,734 shares in the company, valued at $15,156,567.72. This trade represents a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 7,986 shares of company stock valued at $8,370,777. 0.27% of the stock is currently owned by corporate insiders.

Equinix Stock Performance

Shares of Equinix stock opened at $1,073.44 on Wednesday. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68. The firm has a market capitalization of $105.92 billion, a P/E ratio of 69.12, a P/E/G ratio of 1.50 and a beta of 0.99. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The business has a fifty day simple moving average of $1,052.05 and a two-hundred day simple moving average of $1,027.67.

Equinix (NASDAQ:EQIX) last released 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. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company’s revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, equities analysts forecast that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be issued a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s payout ratio is 132.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Oppenheimer reiterated an “outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a report on Thursday, April 30th. Mizuho upped their target price on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Truist Financial raised their price target on Equinix from $1,215.00 to $1,220.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Barclays lifted their price target on shares of Equinix from $1,109.00 to $1,130.00 and gave the company an “equal weight” rating in a report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,270.00 price objective on shares of Equinix in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.