Brokerages Set Equinix, Inc. (NASDAQ:EQIX) PT at $1,143.60

Equinix, Inc. (NASDAQ:EQIX) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-nine ratings firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, twenty have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $1,143.60.

EQIX has been the subject of several research reports. Mizuho increased their price objective on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. BMO Capital Markets upped their target price on shares of Equinix from $925.00 to $1,050.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. HSBC increased their price target on shares of Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Monday, April 27th. Zacks Research upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Finally, Cantor Fitzgerald upped their price objective on shares of Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a research report on Friday, May 1st.

Insider Transactions at Equinix

In other news, CEO Adaire Fox-Martin sold 1,086 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $966.20, for a total transaction of $1,049,293.20. Following the completion of the transaction, the chief executive officer directly owned 19,574 shares of the company’s stock, valued at approximately $18,912,398.80. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan Lin sold 635 shares of Equinix stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $965.71, for a total value of $613,225.85. Following the sale, the insider directly owned 10,788 shares in the company, valued at $10,418,079.48. The trade was a 5.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 11,604 shares of company stock worth $11,848,264. 0.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Equinix

A number of hedge funds have recently made changes to their positions in EQIX. Avion Wealth grew its stake in Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after buying an additional 11 shares during the last quarter. Ameriflex Group Inc. raised its stake in shares of Equinix by 433.3% in the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 26 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in shares of Equinix by 266.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 24 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Equinix in the 4th quarter worth approximately $30,000. Finally, Bogart Wealth LLC grew its position in Equinix by 233.3% during the 1st quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Down 1.9%

Shares of NASDAQ:EQIX opened at $1,059.44 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s 50-day moving average is $1,026.42 and its 200-day moving average is $887.22. The company has a market cap of $104.49 billion, a P/E ratio of 73.32, a P/E/G ratio of 2.03 and a beta of 1.01. Equinix has a 52-week low of $710.52 and a 52-week high of $1,128.68.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, topping the consensus estimate of $4.30 by $6.49. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts predict that Equinix will post 37.72 earnings per share for the current year.

Equinix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be paid a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s payout ratio is currently 142.84%.

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.