1,217 Shares in Equinix, Inc. $EQIX Bought by Tacita Capital Inc

Tacita Capital Inc purchased a new stake in Equinix, Inc. (NASDAQ:EQIX) in the second quarter, Holdings Channel.com reports. The fund purchased 1,217 shares of the financial services provider’s stock, valued at approximately $1,269,000.

Several other large investors have also bought and sold shares of EQIX. Avion Wealth boosted its holdings in Equinix by 73.3% during 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 during the last quarter. Elevation Wealth Partners LLC raised its holdings in shares of Equinix by 166.7% in 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 during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Equinix in the fourth quarter valued at about $30,000. Physician Wealth Advisors Inc. lifted its position in shares of Equinix by 266.7% during the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 24 shares in the last quarter. Finally, WPG Advisers LLC lifted its position in shares of Equinix by 51.7% during the fourth quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 15 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Raouf Abdel sold 2,040 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the transaction, the executive vice president owned 5,728 shares in the company, valued at approximately $6,206,116.16. This represents a 26.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher B. Paisley sold 4,000 shares of the stock in a transaction on 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 transaction, the director directly owned 13,859 shares of the company’s stock, valued at approximately $14,126,201.52. This trade represents a 22.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,891 shares of company stock valued at $10,435,864 in the last three months. Company insiders own 0.27% of the company’s stock.

Equinix Price Performance

Shares of NASDAQ:EQIX opened at $1,077.08 on Thursday. The company’s 50-day moving average is $1,051.68 and its 200 day moving average is $1,020.34. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $106.28 billion, a P/E ratio of 69.35, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68.

Equinix (NASDAQ:EQIX) last posted its quarterly 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 company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the prior year, the business earned $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 forecast that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Dividend Announcement

The business also recently announced 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. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Equinix’s dividend payout ratio is currently 132.90%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Cantor Fitzgerald lifted their target price on shares of Equinix from $1,186.00 to $1,211.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Weiss Ratings raised shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Jefferies Financial Group restated a “buy” rating and issued a $1,340.00 target price on shares of Equinix in a research note on Thursday, July 30th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $1,208.00 target price on shares of Equinix in a report on Thursday, July 30th. Two investment 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 stock. According to data from MarketBeat, Equinix has a consensus rating of “Moderate Buy” and a consensus price target of $1,203.40.

Equinix 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.