Quantbot Technologies LP Purchases New Stake in Equinix, Inc. $EQIX

Quantbot Technologies LP acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,575 shares of the financial services provider’s stock, valued at approximately $2,684,000.

Other institutional investors have also modified their holdings of the company. Avion Wealth grew its stake in Equinix by 73.3% in the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 11 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in Equinix by 166.7% in the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock valued at $25,000 after buying an additional 15 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Equinix during the fourth quarter valued at approximately $30,000. Physician Wealth Advisors Inc. raised its stake in Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after buying an additional 24 shares in the last quarter. Finally, Trust Co. of Vermont bought a new position in Equinix during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling

In related news, Director Christopher B. Paisley sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the sale, the director directly owned 13,859 shares in the company, valued at $14,126,201.52. This trade represents a 22.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the sale, the insider directly owned 4,077 shares in the company, valued at $4,384,813.50. The trade was a 3.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 7,986 shares of company stock valued at $8,370,777 in the last three months. 0.27% of the stock is currently owned by corporate insiders.

Equinix Price Performance

Shares of Equinix stock opened at $1,065.39 on Monday. The stock has a market capitalization of $105.12 billion, a price-to-earnings ratio of 68.60, a PEG ratio of 1.51 and a beta of 0.99. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. 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’s 50 day simple moving average is $1,052.66 and its 200-day simple moving average is $1,023.98.

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, beating analysts’ consensus estimates of $4.73 by $7.05. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities research analysts forecast that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Dividend Announcement

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. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix’s payout ratio is currently 132.90%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EQIX shares. The Goldman Sachs Group boosted their price target on Equinix from $894.00 to $1,015.00 and gave the company a “neutral” rating in a report on Thursday, April 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 research note on Thursday, May 7th. Guggenheim reaffirmed a “buy” rating and issued a $1,235.00 price objective on shares of Equinix in a report on Wednesday, May 20th. Evercore reissued an “outperform” rating and set a $1,270.00 target price on shares of Equinix in a report on Tuesday, August 18th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $1,340.00 price target on shares of Equinix in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Equinix currently has an average rating of “Moderate Buy” and an average target price of $1,203.40.

Equinix Company Profile

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.