Empowered Funds LLC Purchases New Shares in Equinix, Inc. $EQIX

Empowered Funds LLC purchased a new position in shares of Equinix, Inc. (NASDAQ:EQIX) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 5,543 shares of the financial services provider’s stock, valued at approximately $5,778,000.

A number of other institutional investors have also added to or reduced their stakes in EQIX. SJS Investment Consulting Inc. increased its stake in Equinix by 27.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock valued at $41,000 after buying an additional 9 shares during the last quarter. Fulton Bank N.A. lifted its position in shares of Equinix by 3.1% during the 2nd quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider’s stock valued at $342,000 after buying an additional 10 shares during the last quarter. Avion Wealth lifted its holdings in Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 11 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Equinix by 1.3% in the first quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock worth $912,000 after purchasing an additional 12 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its stake in shares of Equinix by 30.8% in the first quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 12 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EQIX has been the topic of several recent research reports. HSBC restated a “buy” rating and set a $1,400.00 target price on shares of Equinix in a research report on Friday, August 14th. Barclays lifted their target price on shares of Equinix from $1,109.00 to $1,130.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,270.00 price target on shares of Equinix in a research note on Monday, August 3rd. Weiss Ratings raised shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Finally, UBS Group increased their target price on Equinix from $1,210.00 to $1,265.00 and gave the company a “buy” rating in a report on Thursday, July 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 stock. Based on data from MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and an average target price of $1,203.40.

Equinix Stock Performance

EQIX opened at $1,044.41 on Monday. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day simple moving average of $1,050.60 and a two-hundred day simple moving average of $1,032.51. The firm has a market capitalization of $103.05 billion, a price-to-earnings ratio of 67.25, a PEG ratio of 1.48 and a beta of 0.99.

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

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.0%. Equinix’s dividend payout ratio is 132.90%.

Insider Transactions at Equinix

In other news, Director Christopher B. Paisley sold 4,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the completion of the transaction, the director owned 13,859 shares of the company’s stock, valued at approximately $14,126,201.52. This represents a 22.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kurt Pletcher sold 135 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value 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. The trade was a 3.21% 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 quarter, insiders sold 7,986 shares of company stock valued at $8,370,777. Corporate insiders own 0.27% of the company’s stock.

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.