Equinix, Inc. $EQIX Shares Acquired by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 16.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,915 shares of the financial services provider’s stock after purchasing an additional 836 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Equinix were worth $5,798,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. SJS Investment Consulting Inc. boosted its stake in shares of Equinix by 27.3% during the first quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock worth $41,000 after buying an additional 9 shares during the period. Blue Trust Inc. increased its position in Equinix by 1.3% in the 1st quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock valued at $912,000 after acquiring an additional 12 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in Equinix by 2.7% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock valued at $382,000 after acquiring an additional 13 shares during the last quarter. IFP Advisors Inc raised its stake in Equinix by 2.2% during the 4th quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock valued at $456,000 after acquiring an additional 13 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Equinix by 5.9% during the 4th quarter. UMB Bank n.a. now owns 233 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 13 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Equinix

In other news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the sale, the executive vice president directly owned 5,728 shares in the company, valued at $6,206,116.16. This trade represents a 26.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 11,115 shares of company stock worth $12,022,574 over the last three months. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EQIX. Morgan Stanley boosted their target price on Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a report on Monday, April 13th. Citigroup increased their price target on Equinix from $1,240.00 to $1,260.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Oppenheimer reissued an “outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a research note on Thursday, April 30th. The Goldman Sachs Group upped their price objective on shares of Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company raised their target price on shares of Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Equinix presently has an average rating of “Moderate Buy” and an average price target of $1,155.64.

Equinix Price Performance

Shares of EQIX traded up $16.34 during mid-day trading on Friday, hitting $1,051.21. The company’s stock had a trading volume of 330,001 shares, compared to its average volume of 635,703. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39. The firm has a 50-day simple moving average of $1,066.16 and a 200 day simple moving average of $967.61. The firm has a market capitalization of $103.67 billion, a P/E ratio of 72.75, a P/E/G ratio of 1.95 and a beta of 0.98. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.Equinix’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Analysts predict that Equinix, Inc. will post 38.26 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were issued a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is currently 142.84%.

Equinix 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.