Equinix, Inc. $EQIX Shares Sold by Gradient Investments LLC

Gradient Investments LLC trimmed its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 12.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,683 shares of the financial services provider’s stock after selling 2,873 shares during the quarter. Gradient Investments LLC’s holdings in Equinix were worth $19,911,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Avidian Wealth Enterprises LLC raised its holdings in Equinix by 19.3% during the third quarter. Avidian Wealth Enterprises LLC now owns 352 shares of the financial services provider’s stock worth $356,000 after buying an additional 57 shares during the last quarter. Valeo Financial Advisors LLC increased its position in shares of Equinix by 1.9% during the third quarter. Valeo Financial Advisors LLC now owns 2,519 shares of the financial services provider’s stock worth $2,548,000 after acquiring an additional 47 shares in the last quarter. New Covenant Trust Company N.A. increased its position in shares of Equinix by 12.8% during the third quarter. New Covenant Trust Company N.A. now owns 255 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 29 shares in the last quarter. S.E.E.D. Planning Group LLC lifted its position in Equinix by 13.6% in the 3rd quarter. S.E.E.D. Planning Group LLC now owns 4,567 shares of the financial services provider’s stock valued at $4,620,000 after acquiring an additional 547 shares in the last quarter. Finally, Rosenberg Matthew Hamilton boosted its stake in Equinix by 48.8% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 61 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 20 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Michael Paladin sold 307 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total value of $317,748.07. Following the transaction, the insider owned 2,450 shares in the company, valued at approximately $2,535,774.50. This represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kurt Pletcher sold 135 shares of the 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 transaction, the insider directly owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. This trade represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 4,770 shares of company stock valued at $4,884,197. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

Shares of EQIX traded down $34.20 on Thursday, reaching $997.57. 190,897 shares of the company’s stock traded hands, compared to its average volume of 587,737. 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 stock has a market cap of $98.43 billion, a PE ratio of 64.29, a PEG ratio of 1.50 and a beta of 0.98. The stock’s 50 day simple moving average is $1,043.12 and its two-hundred day simple moving average is $1,047.84. Equinix, Inc. has a 52-week low of $720.62 and a 52-week high of $1,128.68.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping the consensus estimate of $4.73 by $7.05. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The business’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, analysts forecast that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were given a $5.16 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 2.1%. Equinix’s payout ratio is currently 132.90%.

Analysts Set New Price Targets

A number of brokerages have commented on EQIX. Weiss Ratings lowered Equinix from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,340.00 target price on shares of Equinix in a research report on Thursday, July 30th. Citigroup reiterated a “market outperform” rating on shares of Equinix in a report on Tuesday, August 4th. Evercore reissued an “outperform” rating and issued a $1,270.00 price target on shares of Equinix in a research report on Tuesday, August 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,270.00 price objective on shares of Equinix in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,206.96.

Equinix Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.

The company’s services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.