Insider Selling: Equinix (NASDAQ:EQIX) Insider Sells $145,192.50 in Stock

Equinix, Inc. (NASDAQ:EQIX) insider Kurt Pletcher sold 135 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 4,077 shares in the company, valued at approximately $4,384,813.50. This represents a 3.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Equinix Stock Performance

Shares of Equinix stock traded up $5.53 during trading hours on Thursday, reaching $1,082.61. 358,074 shares of the stock traded hands, compared to its average volume of 605,945. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The firm has a market capitalization of $106.82 billion, a price-to-earnings ratio of 69.71, a P/E/G ratio of 1.54 and a beta of 0.99. 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 50 day moving average price of $1,052.47 and a 200 day moving average price of $1,022.18.

Equinix (NASDAQ:EQIX) last issued 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 firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, equities research analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be given a $5.16 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 1.9%. Equinix’s dividend payout ratio (DPR) is presently 132.90%.

Institutional Investors Weigh In On Equinix

A number of institutional investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in shares of Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 73 shares during the period. Integrated Wealth Concepts LLC raised its stake in Equinix by 11.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 54 shares during the period. Empowered Funds LLC raised its stake in Equinix by 21.8% during the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after purchasing an additional 546 shares during the period. Schnieders Capital Management LLC. purchased a new position in Equinix in the 2nd quarter worth approximately $231,000. Finally, Brown Advisory Inc. lifted its holdings in Equinix by 2.8% in the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock worth $854,000 after purchasing an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EQIX shares. Wall Street Zen raised shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada raised their target price on Equinix from $1,125.00 to $1,225.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. UBS Group lifted their target price on Equinix from $1,210.00 to $1,265.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Raymond James Financial raised Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price target for the company in a report on Thursday, April 30th. Finally, TD Cowen upped their price target on Equinix from $1,143.00 to $1,166.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,203.40.

Equinix Company 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.