Capital Analysts LLC Sells 503 Shares of Equinix, Inc. $EQIX

Capital Analysts LLC decreased its position in Equinix, Inc. (NASDAQ:EQIX) by 10.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,338 shares of the financial services provider’s stock after selling 503 shares during the period. Capital Analysts LLC’s holdings in Equinix were worth $4,522,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EQIX. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Equinix by 9.0% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 497 shares of the financial services provider’s stock valued at $518,000 after purchasing an additional 41 shares during the period. Integrated Wealth Concepts LLC increased its holdings in Equinix by 16.1% in the second quarter. Integrated Wealth Concepts LLC now owns 2,060 shares of the financial services provider’s stock worth $2,148,000 after purchasing an additional 286 shares in the last quarter. IFP Advisors Inc lifted its stake in Equinix by 20.9% in the second quarter. IFP Advisors Inc now owns 699 shares of the financial services provider’s stock valued at $729,000 after buying an additional 121 shares during the period. Baird Financial Group Inc. lifted its stake in Equinix by 1.2% in the second quarter. Baird Financial Group Inc. now owns 13,232 shares of the financial services provider’s stock valued at $13,793,000 after buying an additional 157 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Equinix by 12.7% during the 2nd quarter. Allworth Financial LP now owns 2,668 shares of the financial services provider’s stock worth $2,781,000 after buying an additional 300 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

EQIX has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,270.00 target price on shares of Equinix in a research report on Monday, August 3rd. Royal Bank Of Canada increased their price objective on shares of Equinix from $1,125.00 to $1,225.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,340.00 target price on shares of Equinix in a research report on Thursday, July 30th. BTIG Research started coverage on Equinix in a report on Friday, July 10th. They issued a “buy” rating and a $1,210.00 price target on the stock. Finally, Evercore reissued an “outperform” rating and issued a $1,270.00 price objective on shares of Equinix in a research note on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Equinix has a consensus rating of “Moderate Buy” and a consensus target price of $1,203.60.

Equinix Stock Up 0.2%

Equinix stock opened at $1,043.06 on Thursday. The firm has a market capitalization of $102.92 billion, a price-to-earnings ratio of 67.16, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99. The firm’s fifty day moving average price is $1,043.48 and its two-hundred day moving average price is $1,038.86. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68. 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 (NASDAQ:EQIX) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 EPS for the quarter, topping the consensus estimate of $4.73 by $7.05. Equinix had a net margin of 15.64% and a return on equity of 10.76%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the firm posted $9.91 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. On average, equities research analysts predict that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be paid a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. Equinix’s dividend payout ratio is 132.90%.

Insider Activity

In related news, Director Christopher Paisley sold 4,000 shares of Equinix 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 transaction of $4,077,120.00. Following the transaction, the director owned 13,859 shares of the company’s stock, valued at $14,126,201.52. The trade was a 22.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Paladin sold 307 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total value of $317,748.07. Following the sale, the insider owned 2,450 shares of the company’s stock, valued at $2,535,774.50. This trade represents a 11.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 4,770 shares of company stock worth $4,884,197 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Equinix Company Profile

Equinix, Inc is a global digital infrastructure company that operates data centers and provides interconnection and cloud connectivity services. Its facilities, known as International Business Exchange (IBX) data centers, enable businesses, cloud providers, network operators, financial institutions and other organizations to securely house technology infrastructure and exchange data.

The company’s Platform Equinix services include colocation, private and public cloud connectivity, network interconnection, managed infrastructure and digital services.