Equinix, Inc. (NASDAQ:EQIX - Get Free Report) Director Christopher Paisley sold 125 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was 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 of the company's stock, valued at $15,156,567.72. This represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Equinix Price Performance
Shares of NASDAQ:EQIX opened at $1,085.09 on Wednesday. The firm has a 50 day moving average of $1,050.91 and a 200-day moving average of $1,018.57. The stock has a market capitalization of $107.07 billion, a PE ratio of 69.87, a PEG ratio of 1.56 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. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68.
Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter last year, the business posted $9.91 EPS. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, equities research analysts predict that Equinix, Inc. will post 38.23 EPS for the current fiscal year.
Equinix Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be paid a $5.16 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. Equinix's dividend payout ratio (DPR) is presently 132.90%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Royal Bank Of Canada raised their price objective on Equinix from $1,125.00 to $1,225.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Barclays increased their target price on shares of Equinix from $1,109.00 to $1,130.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 1st. Cantor Fitzgerald raised their price target on shares of Equinix from $1,186.00 to $1,211.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Mizuho upped their price objective on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Thursday, May 7th. Finally, Weiss Ratings raised shares of Equinix from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,203.40.
Check Out Our Latest Report on Equinix
Hedge Funds Weigh In On Equinix
A number of institutional investors and hedge funds have recently bought and sold shares of EQIX. BlackRock Inc. acquired a new stake in Equinix during the 2nd quarter worth approximately $11,930,074,000. Norges Bank acquired a new position in Equinix in the 4th quarter valued at approximately $984,355,000. Legal & General Group Plc acquired a new position in Equinix in the 2nd quarter valued at approximately $1,181,260,000. Canada Pension Plan Investment Board bought a new position in shares of Equinix during the second quarter valued at $1,163,662,000. Finally, Deutsche Bank AG bought a new position in shares of Equinix during the second quarter valued at $1,118,930,000. Institutional investors and hedge funds own 94.94% of the company's stock.
About Equinix
(
Get Free Report)
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.
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