Moore Capital Management LP Buys 5,389 Shares of Equinix, Inc. $EQIX

Moore Capital Management LP boosted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 235.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,675 shares of the financial services provider’s stock after acquiring an additional 5,389 shares during the period. Moore Capital Management LP’s holdings in Equinix were worth $8,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of EQIX. Sigma Planning Corp boosted its holdings in shares of Equinix by 47.1% during the 2nd quarter. Sigma Planning Corp now owns 693 shares of the financial services provider’s stock valued at $723,000 after purchasing an additional 222 shares during the last quarter. Two Sigma Securities LLC increased its holdings in shares of Equinix by 59.9% in the second quarter. Two Sigma Securities LLC now owns 494 shares of the financial services provider’s stock worth $515,000 after purchasing an additional 185 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Equinix by 37.6% in the second quarter. Alyeska Investment Group L.P. now owns 202,302 shares of the financial services provider’s stock worth $210,878,000 after purchasing an additional 55,328 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its position in shares of Equinix by 5.3% in the second quarter. Cookson Peirce & Co. Inc. now owns 1,329 shares of the financial services provider’s stock worth $1,385,000 after buying an additional 67 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its stake in Equinix by 3.1% during the second quarter. Wedbush Securities Inc. now owns 898 shares of the financial services provider’s stock valued at $936,000 after buying an additional 27 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Transactions at Equinix

In related news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the transaction, the insider directly owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their position. The transaction was disclosed in a document filed 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, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction dated 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 transaction, the director owned 13,734 shares in the company, valued at $15,156,567.72. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 worth $8,370,777. 0.27% of the stock is currently owned by insiders.

Equinix Price Performance

Shares of Equinix stock opened at $1,044.41 on Monday. The stock has a market cap of $103.05 billion, a price-to-earnings ratio of 67.25, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. 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 has a 50 day moving average price of $1,050.60 and a 200-day moving average price of $1,032.51. Equinix, Inc. has a one year low of $720.62 and a one year high of $1,128.68.

Equinix (NASDAQ:EQIX) last released 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. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. Equinix had a return on equity of 10.76% and a net margin of 15.64%.Equinix’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.91 EPS. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities analysts expect 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. Stockholders of record on Wednesday, August 19th will be issued a $5.16 dividend. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, August 19th. Equinix’s dividend payout ratio (DPR) is 132.90%.

Analysts Set New Price Targets

A number of research firms have issued reports on EQIX. UBS Group lifted their price objective on Equinix from $1,210.00 to $1,265.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Truist Financial raised their target price on shares of Equinix from $1,215.00 to $1,220.00 and gave the company a “buy” rating in a report on Friday, July 31st. TD Cowen upped their price target on shares of Equinix from $1,143.00 to $1,166.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, BTIG Research started coverage on shares of Equinix in a research report on Friday, July 10th. They set a “buy” rating and a $1,210.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Equinix currently has an average rating of “Moderate Buy” and an average price target of $1,203.40.

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.