8,743 Shares in Equinix, Inc. $EQIX Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in Equinix, Inc. (NASDAQ:EQIX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,743 shares of the financial services provider’s stock, valued at approximately $9,113,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Equinix during the 2nd quarter worth about $11,930,074,000. Norges Bank bought a new position in shares of Equinix in the 4th quarter valued at about $984,355,000. Deutsche Bank AG acquired a new stake in shares of Equinix in the second quarter valued at about $1,118,930,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Equinix by 408.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock worth $929,312,000 after acquiring an additional 953,001 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Equinix during the second quarter worth about $598,815,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on EQIX shares. Royal Bank Of Canada raised their price target on Equinix from $1,125.00 to $1,225.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Evercore reiterated an “outperform” rating and set a $1,270.00 price objective on shares of Equinix in a research note on Tuesday, August 18th. Stifel Nicolaus increased their price objective on Equinix from $1,250.00 to $1,265.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Mizuho raised their target price on shares of Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Oppenheimer restated an “outperform” rating and set a $1,200.00 target price on shares of Equinix in a report on Thursday, April 30th. 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. Based on data from MarketBeat, Equinix has an average rating of “Moderate Buy” and a consensus target price of $1,203.40.

Insider Activity

In other news, insider Kurt Pletcher sold 135 shares of the firm’s 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 completion of the sale, the insider owned 4,077 shares in the company, valued at approximately $4,384,813.50. This trade represents a 3.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of Equinix stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,019.28, for a total transaction of $4,077,120.00. Following the sale, the director directly owned 13,859 shares of the company’s stock, valued at $14,126,201.52. The trade was a 22.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,986 shares of company stock valued at $8,370,777 over the last ninety days. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Performance

EQIX opened at $1,055.20 on Tuesday. Equinix, Inc. has a 12-month low of $720.62 and a 12-month high of $1,128.68. The stock has a market cap of $104.12 billion, a price-to-earnings ratio of 67.95, a PEG ratio of 1.51 and a beta of 0.99. The business has a 50 day moving average of $1,052.48 and a 200-day moving average of $1,025.76. 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, topping analysts’ consensus estimates of $4.73 by $7.05. Equinix had a return on equity of 10.76% and a net margin of 15.64%.The business had revenue of $2.62 billion for 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 firm’s 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. On average, equities research analysts expect that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be issued a $5.16 dividend. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, August 19th. Equinix’s payout ratio is currently 132.90%.

About Equinix

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.