NewEdge Wealth LLC Makes New Investment in Equinix, Inc. $EQIX

NewEdge Wealth LLC acquired a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,804 shares of the financial services provider’s stock, valued at approximately $1,880,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EQIX. Vanguard Group Inc. boosted its holdings in shares of Equinix by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock valued at $10,265,706,000 after buying an additional 107,227 shares during the period. BlackRock Inc. bought a new position in shares of Equinix during the 2nd quarter worth approximately $11,930,074,000. Cohen & Steers Inc. grew its stake in shares of Equinix by 23.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock worth $1,998,978,000 after acquiring an additional 493,141 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Equinix by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider’s stock valued at $1,959,731,000 after purchasing an additional 25,383 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Equinix by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,980,497 shares of the financial services provider’s stock valued at $1,941,377,000 after buying an additional 27,643 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the completion of the transaction, the director owned 13,734 shares of the company’s stock, valued at $15,156,567.72. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the transaction, the insider directly owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. This trade represents a 37.80% 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 quarter, insiders sold 7,986 shares of company stock valued at $8,370,777. Company insiders own 0.27% of the company’s stock.

Equinix Stock Performance

NASDAQ EQIX opened at $1,082.61 on Friday. The stock has a market cap of $106.82 billion, a PE ratio of 69.71, a PEG ratio of 1.53 and a beta of 0.99. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s fifty day moving average price is $1,052.47 and its two-hundred day moving average price is $1,022.18.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, beating the consensus estimate of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period last year, the company earned $9.91 earnings per share. The business’s quarterly 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, equities analysts expect that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be issued a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, August 19th. Equinix’s dividend payout ratio is presently 132.90%.

Wall Street Analyst Weigh In

Several research analysts recently commented on EQIX shares. Wall Street Zen raised Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group lifted their target price on shares of Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Citigroup reaffirmed a “market outperform” rating on shares of Equinix in a report on Tuesday, August 4th. Oppenheimer restated an “outperform” rating and set a $1,200.00 target price on shares of Equinix in a research report on Thursday, April 30th. Finally, TD Cowen increased their target price on Equinix from $1,143.00 to $1,166.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,203.40.

About Equinix

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.