Equinix, Inc. $EQIX Stock Sold by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA lowered its position in shares of Equinix, Inc. (NASDAQ:EQIX) by 4.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 10,906 shares of the financial services provider’s stock after selling 542 shares during the quarter. Equinix comprises about 1.2% of Middleton & Co. Inc. MA’s portfolio, making the stock its 26th largest position. Middleton & Co. Inc. MA’s holdings in Equinix were worth $11,032,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Moore Capital Management LP boosted 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 buying an additional 5,389 shares during the last quarter. Legal & General Group Plc acquired a new position in Equinix in the 2nd quarter worth approximately $1,181,260,000. Bamco Inc. NY purchased a new position in Equinix during the 2nd quarter worth approximately $203,930,000. Empowered Funds LLC purchased a new position in Equinix during the 2nd quarter worth approximately $5,778,000. Finally, Corient Private Wealth LP raised its position in Equinix by 20.9% during the 2nd quarter. Corient Private Wealth LP now owns 12,597 shares of the financial services provider’s stock worth $13,132,000 after buying an additional 2,181 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Transactions at Equinix

In related news, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total value of $137,947.50. Following the completion of the transaction, the director directly owned 13,734 shares in the company, valued at $15,156,567.72. The trade was a 0.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 business’s stock in a transaction on 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 transaction, the insider owned 2,450 shares of the company’s stock, valued at approximately $2,535,774.50. This represents a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,770 shares of company stock valued at $4,884,197 in the last 90 days. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Up 0.3%

Equinix stock opened at $955.03 on Friday. The firm has a market cap of $94.23 billion, a price-to-earnings ratio of 61.50, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The business’s 50-day moving average price is $1,029.34 and its 200 day moving average price is $1,048.97. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share 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 company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period last year, the business earned $9.91 earnings per share. Equinix’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. As a group, sell-side analysts anticipate that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th were paid a dividend of $5.16 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.2%. Equinix’s dividend payout ratio (DPR) is presently 132.90%.

Analyst Ratings Changes

Several analysts have commented on EQIX shares. BMO Capital Markets lifted their price objective on shares of Equinix from $1,225.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. TD Cowen increased their price objective on shares of Equinix from $1,143.00 to $1,166.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Truist Financial increased their price objective on shares of Equinix from $1,215.00 to $1,220.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Cantor Fitzgerald raised their target price on shares of Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Guggenheim restated a “buy” rating and set a $1,235.00 target price on shares of Equinix in a research report on Tuesday, October 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,215.68.

Equinix Profile

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.