Turn8 Private Wealth Inc. Takes $2.80 Million Position in Equinix, Inc. $EQIX

Turn8 Private Wealth Inc. bought a new position in Equinix, Inc. (NASDAQ:EQIX) in the 1st quarter, HoldingsChannel.com reports. The firm bought 3,437 shares of the financial services provider’s stock, valued at approximately $2,802,000. Equinix accounts for 2.2% of Turn8 Private Wealth Inc.’s holdings, making the stock its 29th biggest position.

A number of other institutional investors have also recently bought and sold shares of the business. Cornerstone Planning Group LLC raised its stake in shares of Equinix by 40.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 42 shares of the financial services provider’s stock valued at $34,000 after buying an additional 12 shares in the last quarter. Signaturefd LLC boosted its position in shares of Equinix by 0.8% during the 1st quarter. Signaturefd LLC now owns 1,450 shares of the financial services provider’s stock valued at $1,182,000 after acquiring an additional 12 shares in the last quarter. AE Wealth Management LLC increased its stake in Equinix by 5.1% in the first quarter. AE Wealth Management LLC now owns 248 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 12 shares during the period. Gitterman Wealth Management LLC raised its position in Equinix by 5.0% in the first quarter. Gitterman Wealth Management LLC now owns 250 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 12 shares in the last quarter. Finally, Griffin Asset Management Inc. lifted its stake in Equinix by 0.7% during the first quarter. Griffin Asset Management Inc. now owns 1,771 shares of the financial services provider’s stock worth $1,444,000 after purchasing an additional 13 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 75 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director directly owned 17,832 shares in the company, valued at approximately $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.27% of the company’s stock.

Equinix Trading Up 0.1%

Shares of EQIX opened at $780.60 on Thursday. The stock has a fifty day moving average price of $779.16 and a two-hundred day moving average price of $825.10. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.54 and a current ratio of 1.54. Equinix, Inc. has a 52-week low of $701.41 and a 52-week high of $994.03. The company has a market cap of $76.39 billion, a price-to-earnings ratio of 76.45, a PEG ratio of 1.39 and a beta of 0.92.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, topping the consensus estimate of $3.49 by $6.42. Equinix had a return on equity of 7.22% and a net margin of 11.11%.The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the business earned $9.22 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Analysts predict that Equinix, Inc. will post 33.1 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be paid a $4.69 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. Equinix’s payout ratio is currently 183.74%.

Analyst Upgrades and Downgrades

EQIX has been the topic of several analyst reports. Dbs Bank upgraded Equinix to a “moderate buy” rating in a research note on Wednesday, August 6th. Cowen reaffirmed a “buy” rating on shares of Equinix in a research note on Thursday, July 3rd. Scotiabank lowered their price target on Equinix from $1,030.00 to $965.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 26th. Guggenheim began coverage on Equinix in a report on Thursday, July 10th. They set a “buy” rating and a $933.00 price objective for the company. Finally, Bank of America lowered their target price on shares of Equinix from $1,000.00 to $950.00 and set a “buy” rating on the stock in a report on Thursday, June 26th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $962.52.

About Equinix

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.