Equinix, Inc. $EQIX Stock Sold by Gradient Investments LLC

Gradient Investments LLC lowered its holdings in Equinix, Inc. (NASDAQ:EQIX) by 12.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,683 shares of the financial services provider’s stock after selling 2,873 shares during the quarter. Gradient Investments LLC’s holdings in Equinix were worth $19,911,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. SJS Investment Consulting Inc. boosted its stake in Equinix by 27.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 9 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of Equinix by 3.1% during the second quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider’s stock valued at $342,000 after buying an additional 10 shares during the last quarter. Avion Wealth increased 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 valued at $25,000 after acquiring an additional 11 shares during the period. High Net Worth Advisory Group LLC increased its position in shares of Equinix by 5.3% in the 2nd quarter. High Net Worth Advisory Group LLC now owns 219 shares of the financial services provider’s stock valued at $229,000 after acquiring an additional 11 shares during the period. Finally, Angeles Wealth Management LLC raised its stake in Equinix by 3.7% in the 2nd quarter. Angeles Wealth Management LLC now owns 310 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 11 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Equinix Stock Performance

Shares of EQIX traded down $34.20 during mid-day trading on Thursday, reaching $997.57. The company had a trading volume of 190,897 shares, compared to its average volume of 587,737. The stock has a market capitalization of $98.43 billion, a P/E ratio of 64.29, a PEG ratio of 1.50 and a beta of 0.98. Equinix, Inc. has a 52-week low of $720.62 and a 52-week high of $1,128.68. The stock has a 50 day moving average of $1,043.12 and a two-hundred day moving average of $1,047.84. The company has a quick ratio of 1.13, a current 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 earnings per share 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 firm 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 firm earned $9.91 EPS. The business’s quarterly revenue 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, analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were given a $5.16 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.1%. Equinix’s dividend payout ratio is 132.90%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EQIX. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,340.00 price target on shares of Equinix in a research report on Thursday, July 30th. HSBC restated a “buy” rating and issued a $1,400.00 price objective on shares of Equinix in a research note on Friday, August 14th. Rothschild & Co Redburn began coverage on Equinix in a research report on Monday, September 21st. They issued a “buy” rating and a $1,261.00 target price on the stock. Cantor Fitzgerald increased their price target on shares of Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Barclays raised their price target on shares of Equinix from $1,130.00 to $1,135.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,206.96.

Insiders Place Their Bets

In other news, insider Kurt Pletcher sold 135 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher Paisley sold 4,000 shares of Equinix stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,019.28, for a total value of $4,077,120.00. Following the completion of the transaction, the director owned 13,859 shares of the company’s stock, valued at approximately $14,126,201.52. This represents a 22.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 4,770 shares of company stock worth $4,884,197. Company insiders own 0.27% of the company’s stock.

About Equinix

Equinix, Inc is a global digital infrastructure company that operates data centers and provides colocation, interconnection and related services. Its International Business Exchange (IBX) data centers allow businesses, cloud providers, network operators, financial institutions and government organizations to deploy and connect critical information technology infrastructure.

The company’s services include space, power and physical security for customer equipment, as well as private connections to cloud and network providers.