Analysts Set Equinix, Inc. (NASDAQ:EQIX) PT at $1,204.80

Equinix, Inc. (NASDAQ:EQIX) has been assigned an average recommendation of “Moderate Buy” from the twenty-seven research firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, twenty-one have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $1,204.80.

Several analysts recently weighed in on EQIX shares. Evercore restated an “outperform” rating and set a $1,270.00 target price on shares of Equinix in a research note on Tuesday, August 18th. 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 report on Thursday, July 30th. Stifel Nicolaus increased their price objective on Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Guggenheim restated a “buy” rating and issued a $1,235.00 price objective on shares of Equinix in a research note on Wednesday, May 20th. Finally, HSBC reiterated a “buy” rating and set a $1,400.00 target price on shares of Equinix in a research note on Friday, August 14th.

Equinix Price Performance

Shares of EQIX stock opened at $1,037.72 on Friday. Equinix has a twelve month low of $720.62 and a twelve month 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 stock’s 50 day simple moving average is $1,044.63 and its 200 day simple moving average is $1,040.18. The company has a market capitalization of $102.39 billion, a price-to-earnings ratio of 66.82, a PEG ratio of 1.48 and a beta of 0.99.

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 analysts’ consensus estimates of $4.73 by $7.05. The business had revenue of $2.62 billion during 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%. Equinix’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $9.91 earnings per share. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. As a group, research analysts predict that Equinix will post 38.23 EPS for the current year.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $5.16 per share. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. Equinix’s payout ratio is presently 132.90%.

Insider Activity

In other news, insider Kurt Pletcher sold 135 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction of $145,192.50. Following the completion of the transaction, the insider owned 4,077 shares of the company’s stock, valued at approximately $4,384,813.50. This represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a 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, insider Michael Paladin sold 307 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the completion of the sale, the insider owned 2,450 shares of the company’s stock, valued at approximately $2,535,774.50. The trade was a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 4,770 shares of company stock valued at $4,884,197. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Equinix

Institutional investors and hedge funds have recently bought and sold shares of the business. Moore Capital Management LP grew its position in Equinix by 235.7% in the second quarter. Moore Capital Management LP now owns 7,675 shares of the financial services provider’s stock valued at $8,000,000 after acquiring an additional 5,389 shares during the period. Empowered Funds LLC bought a new position in shares of Equinix during the second quarter valued at $5,778,000. Bamco Inc. NY acquired a new position in Equinix in the second quarter valued at about $203,930,000. Legal & General Group Plc acquired a new stake in shares of Equinix during the second quarter worth approximately $1,181,260,000. Finally, Adelante Capital Management LLC acquired a new stake in shares of Equinix during the second quarter worth approximately $129,154,000. Institutional investors own 94.94% of the company’s stock.

About Equinix

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.