Michael Shane Paladin Sells 307 Shares of Equinix (NASDAQ:EQIX) Stock

Equinix, Inc. (NASDAQ:EQIX) insider Michael Paladin sold 307 shares of Equinix stock in a transaction on Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total transaction of $317,748.07. Following the completion of the transaction, the insider directly owned 2,450 shares in the company, valued at approximately $2,535,774.50. The trade was a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Shane Paladin also recently made the following trade(s):

• On Wednesday, September 2nd, Michael Paladin sold 203 shares of Equinix stock. The shares were sold at an average price of $1,015.71, for a total transaction of $206,189.13.

Equinix Trading Up 0.2%

Shares of EQIX opened at $1,043.06 on Thursday. The stock has a market capitalization of $102.92 billion, a P/E ratio of 67.16, a PEG ratio of 1.49 and a beta of 0.99. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. 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 firm has a fifty day simple moving average of $1,043.48 and a two-hundred day simple moving average of $1,038.86.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) 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 analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the company earned $9.91 earnings per share. 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. On average, research analysts anticipate that Equinix, Inc. will post 38.23 EPS for the current year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors 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 (DPR) is presently 132.90%.

Analyst Ratings Changes

EQIX has been the subject of a number of recent analyst reports. Evercore reaffirmed an “outperform” rating and set a $1,270.00 price target on shares of Equinix in a research report on Tuesday, August 18th. HSBC reiterated a “buy” rating and issued a $1,400.00 price objective on shares of Equinix in a research report on Friday, August 14th. UBS Group upped 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. Cantor Fitzgerald raised their price target on Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, BTIG Research started coverage on shares of Equinix in a report on Friday, July 10th. They issued a “buy” rating and a $1,210.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,203.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EQIX. Avion Wealth raised its position in shares of Equinix by 73.3% in the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 11 shares in the last quarter. Elevation Wealth Partners LLC boosted its position in shares of Equinix by 166.7% during the second quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 15 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Equinix in the fourth quarter worth $30,000. Physician Wealth Advisors Inc. grew its stake in Equinix by 266.7% in the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 24 shares during the period. Finally, Trust Co. of Vermont bought a new position in Equinix in the second quarter worth $34,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

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.