Equinix, Inc. (NASDAQ:EQIX - Get Free Report) insider Michael Paladin sold 307 shares of the stock in a transaction 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 sale, the insider owned 2,450 shares in the company, valued at $2,535,774.50. The trade was a 11.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Michael Shane Paladin also recently made the following trade(s):
- On Wednesday, September 2nd, Michael Paladin sold 203 shares of Equinix stock. The shares were sold at an average price of $1,015.71, for a total value of $206,189.13.
Equinix Stock Up 0.5%
Shares of NASDAQ EQIX opened at $1,041.21 on Wednesday. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The firm's 50-day simple moving average is $1,042.89 and its 200 day simple moving average is $1,037.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market cap of $102.74 billion, a price-to-earnings ratio of 67.05, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99.
Equinix (NASDAQ:EQIX - Get Free Report) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $2.59 billion. During the same period in the previous year, the firm posted $9.91 earnings per share. The company's revenue 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, research analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.
Equinix Dividend Announcement
The company 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 dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix's dividend payout ratio is 132.90%.
Institutional Investors Weigh In On Equinix
Hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System grew its holdings in shares of Equinix by 111,586.7% in the 2nd quarter. California State Teachers Retirement System now owns 155,285,881 shares of the financial services provider's stock valued at $161,868,449,000 after buying an additional 155,146,844 shares during the period. BlackRock Inc. acquired a new stake in Equinix during the 2nd quarter worth $11,930,074,000. Norges Bank acquired a new position in shares of Equinix in the fourth quarter valued at approximately $984,355,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Equinix by 26,831.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,239,122 shares of the financial services provider's stock worth $1,291,648,000 after acquiring an additional 1,234,521 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of Equinix during the second quarter worth $1,181,260,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. Stifel Nicolaus boosted their price target on shares of Equinix from $1,250.00 to $1,265.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Royal Bank Of Canada raised their price objective on shares of Equinix from $1,125.00 to $1,225.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Citigroup reaffirmed a "market outperform" rating on shares of Equinix in a report on Tuesday, August 4th. Guggenheim reiterated a "buy" rating and set a $1,235.00 target price on shares of Equinix in a research report on Wednesday, May 20th. Finally, TD Cowen increased their price target on Equinix from $1,143.00 to $1,166.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Two research 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 MarketBeat, Equinix currently has an average rating of "Moderate Buy" and an average target price of $1,203.60.
View Our Latest Analysis on Equinix
Equinix Company Profile
(
Get Free Report)
Equinix, Inc is a global digital infrastructure company that operates data centers and provides interconnection and cloud connectivity services. Its facilities, known as International Business Exchange (IBX) data centers, enable businesses, cloud providers, network operators, financial institutions and other organizations to securely house technology infrastructure and exchange data.
The company's Platform Equinix services include colocation, private and public cloud connectivity, network interconnection, managed infrastructure and digital services.
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