NewEdge Wealth LLC Has $2.30 Million Stake in Equinix, Inc. $EQIX

NewEdge Wealth LLC boosted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 19.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,997 shares of the financial services provider’s stock after purchasing an additional 493 shares during the quarter. NewEdge Wealth LLC’s holdings in Equinix were worth $2,297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of EQIX. Brighton Jones LLC raised its holdings in Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 73 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Equinix by 11.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 54 shares in the last quarter. Empowered Funds LLC raised its holdings in Equinix by 21.8% in the 1st quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after acquiring an additional 546 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in Equinix in the 2nd quarter valued at $231,000. Finally, Brown Advisory Inc. raised its holdings in Equinix by 2.8% in the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock valued at $854,000 after acquiring an additional 29 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In related news, insider Jonathan Lin sold 635 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $965.71, for a total transaction of $613,225.85. Following the completion of the transaction, the insider directly owned 10,788 shares in the company, valued at $10,418,079.48. This represents a 5.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brandi Galvin Morandi sold 630 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $961.19, for a total transaction of $605,549.70. Following the transaction, the insider owned 10,394 shares of the company’s stock, valued at approximately $9,990,608.86. This represents a 5.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 11,604 shares of company stock worth $11,848,264 over the last 90 days. 0.27% of the stock is owned by corporate insiders.

Equinix Price Performance

Equinix stock opened at $1,080.63 on Wednesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. Equinix, Inc. has a 52 week low of $710.52 and a 52 week high of $1,128.68. The stock has a market capitalization of $106.57 billion, a P/E ratio of 74.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.01. The stock has a fifty day moving average of $1,020.24 and a 200-day moving average of $882.59.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the firm earned $9.67 EPS. Equinix’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, sell-side analysts expect that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be given a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s dividend payout ratio is currently 142.84%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. BMO Capital Markets lifted their price objective on Equinix from $925.00 to $1,050.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Sanford C. Bernstein initiated coverage on shares of Equinix in a research report on Thursday, March 5th. They issued an “outperform” rating and a $1,128.00 target price for the company. TD Cowen boosted their target price on shares of Equinix from $1,123.00 to $1,143.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. Finally, Zacks Research upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,143.60.

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.