Sanctuary Advisors LLC Purchases New Stake in Equinix, Inc. $EQIX

Sanctuary Advisors LLC 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 Securities and Exchange Commission. The fund acquired 8,743 shares of the financial services provider’s stock, valued at approximately $9,113,000.

Several other hedge funds also recently modified their holdings of the business. Avion Wealth raised its stake 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 during the last quarter. Elevation Wealth Partners LLC grew its holdings in Equinix by 166.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 15 shares during the period. Kemnay Advisory Services Inc. bought a new stake in shares of Equinix during the 4th quarter valued at $30,000. Physician Wealth Advisors Inc. raised its position in shares of Equinix by 266.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 24 shares during the last quarter. Finally, Trust Co. of Vermont bought a new stake in Equinix in the second quarter valued at about $34,000. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EQIX. Evercore restated an “outperform” rating and set a $1,270.00 target price on shares of Equinix in a report on Tuesday, August 18th. Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price target on the stock in a research report on Thursday, April 30th. Barclays lifted their price objective on shares of Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,270.00 price objective on shares of Equinix in a report on Monday, August 3rd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $1,200.00 target price on shares of Equinix in a report on Thursday, April 30th. Two investment 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,203.40.

Insiders Place Their Bets

In other Equinix news, insider Kurt Pletcher sold 135 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the completion of the transaction, the insider owned 4,077 shares in the company, valued at approximately $4,384,813.50. This represents a 3.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of the business’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 completion of the sale, the insider owned 6,132 shares in the company, valued at approximately $6,600,239.52. This trade represents a 37.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 7,986 shares of company stock worth $8,370,777. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Performance

Shares of EQIX stock opened at $1,055.20 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The company’s 50 day moving average price is $1,052.48 and its two-hundred day moving average price is $1,025.76. The company has a market capitalization of $104.12 billion, a P/E ratio of 67.95, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $2.59 billion. During the same quarter in the prior year, the company earned $9.91 earnings per share. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be paid a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. Equinix’s dividend payout ratio is presently 132.90%.

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.