Evolve Private Wealth LLC Takes Position in Equinix, Inc. $EQIX

Evolve Private Wealth LLC purchased a new position in Equinix, Inc. (NASDAQ:EQIX) during the second quarter, HoldingsChannel.com reports. The fund purchased 1,064 shares of the financial services provider’s stock, valued at approximately $1,109,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Elevation Wealth Partners LLC raised its position in shares of Equinix by 166.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 15 shares during the last quarter. Avion Wealth lifted its stake in Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 11 shares during the period. Physician Wealth Advisors Inc. lifted its position in Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 24 shares during the period. Trust Co. of Vermont purchased a new position in shares of Equinix in the 2nd quarter worth $34,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Equinix in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other Equinix news, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the sale, the insider directly owned 6,132 shares of the company’s stock, valued at $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the 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 sale, the director directly owned 13,734 shares in the company, valued at approximately $15,156,567.72. This represents a 0.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 7,986 shares of company stock worth $8,370,777. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

EQIX has been the topic of several recent research reports. Stifel Nicolaus increased their price target on shares of Equinix from $1,250.00 to $1,265.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Raymond James Financial raised shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price objective for the company in a research report on Thursday, April 30th. Barclays upped their price objective on Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 1st. Scotiabank reiterated a “sector perform” rating and set a $1,208.00 target price on shares of Equinix in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group upped their price target on Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Thursday, April 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,203.40.

Equinix Price Performance

NASDAQ EQIX opened at $1,065.39 on Monday. The stock’s 50 day moving average is $1,052.66 and its 200 day moving average is $1,023.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68. The stock has a market cap of $105.12 billion, a PE ratio of 68.60, a P/E/G ratio of 1.51 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $7.05. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Research analysts predict that Equinix, Inc. will post 38.23 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders 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 payout ratio is currently 132.90%.

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.