Wedbush Fund Advisers LLC Buys Shares of 680 Equinix, Inc. $EQIX

Wedbush Fund Advisers LLC bought a new position in Equinix, Inc. (NASDAQ:EQIX) in the second quarter, HoldingsChannel reports. The institutional investor bought 680 shares of the financial services provider’s stock, valued at approximately $709,000.

Several other hedge funds have also recently modified their holdings of EQIX. Avion Wealth boosted its position in shares of 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 buying an additional 11 shares during the last quarter. Elevation Wealth Partners LLC increased its holdings in 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 buying an additional 15 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in Equinix in the 4th quarter worth about $30,000. Physician Wealth Advisors Inc. lifted its stake in Equinix by 266.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 24 shares during the period. Finally, Trust Co. of Vermont bought a new position in Equinix during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity

In related news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction 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 transaction, the insider directly owned 6,132 shares in the company, valued at approximately $6,600,239.52. The trade was a 37.80% decrease in their ownership of the stock. 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, insider Kurt Pletcher sold 135 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 4,077 shares of the company’s stock, valued at $4,384,813.50. This represents a 3.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,986 shares of company stock valued at $8,370,777 in the last 90 days. Company insiders own 0.27% of the company’s stock.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $1,073.44 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $105.92 billion, a PE ratio of 69.12, a price-to-earnings-growth ratio of 1.50 and a beta of 0.99. The firm’s 50 day moving average price is $1,052.05 and its 200-day moving average price is $1,027.67. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $2.59 billion. During the same period in the previous year, the business posted $9.91 earnings per share. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.690-43.290 EPS. Equities research analysts expect that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be given a dividend of $5.16 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. Equinix’s payout ratio is presently 132.90%.

Analysts Set New Price Targets

A number of analysts have recently commented on EQIX shares. BTIG Research began coverage on shares of Equinix in a research note on Friday, July 10th. They issued a “buy” rating and a $1,210.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Barclays raised their target price on shares of Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 1st. Scotiabank reaffirmed a “sector perform” rating and issued a $1,208.00 target price on shares of Equinix in a research report on Thursday, July 30th. Finally, Evercore reiterated an “outperform” rating and set a $1,270.00 target price 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. According to data from MarketBeat.com, Equinix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,203.40.

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.