Equitable Holdings Inc. Takes $8.13 Million Position in Equinix, Inc. $EQIX

Equitable Holdings Inc. acquired a new stake in shares of Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,798 shares of the financial services provider’s stock, valued at approximately $8,128,000.

Several other large investors also recently bought and sold shares of EQIX. BlackRock Inc. purchased a new position in Equinix in the 2nd quarter worth about $11,930,074,000. Norges Bank purchased a new stake in shares of Equinix during the 4th quarter valued at about $984,355,000. Legal & General Group Plc bought a new stake in shares of Equinix in the second quarter worth approximately $1,181,260,000. Canada Pension Plan Investment Board purchased a new stake in Equinix during the 2nd quarter valued at $1,163,662,000. Finally, Deutsche Bank AG purchased a new stake in Equinix during the second quarter valued at $1,118,930,000. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Royal Bank Of Canada increased their price objective on shares of Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Oppenheimer reiterated an “outperform” rating and issued a $1,200.00 target price on shares of Equinix in a research report on Thursday, April 30th. HSBC reissued a “buy” rating and issued a $1,400.00 price objective on shares of Equinix in a research note on Friday, August 14th. Finally, Zacks Research lowered shares of Equinix from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. 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 company’s stock. According to MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and an average target price of $1,203.40.

Insider Buying and Selling at Equinix

In other news, insider Brandi Galvin Morandi sold 3,726 shares of the firm’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 sale, the insider directly owned 6,132 shares in the company, valued at approximately $6,600,239.52. This trade represents a 37.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kurt Pletcher sold 135 shares of Equinix stock in a transaction on 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 directly owned 4,077 shares in the company, valued at $4,384,813.50. This represents a 3.21% 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 ninety days, insiders sold 7,986 shares of company stock valued at $8,370,777. 0.27% of the stock is currently owned by insiders.

Equinix Stock Down 0.3%

Shares of NASDAQ EQIX opened at $1,076.45 on Friday. Equinix, Inc. has a 52-week low of $720.62 and a 52-week high of $1,128.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50 day moving average price of $1,051.56 and a 200 day moving average price of $1,031.20. The firm has a market capitalization of $106.21 billion, a price-to-earnings ratio of 69.31, a PEG ratio of 1.53 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 for the quarter, beating the consensus estimate of $4.73 by $7.05. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.During the same period in the previous year, the company posted $9.91 earnings per share. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Sell-side analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Announces Dividend

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

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.