Equinix, Inc. (NASDAQ:EQIX) Receives $1,202.20 Average Target Price from Analysts

Equinix, Inc. (NASDAQ:EQIX) has been assigned an average rating of “Moderate Buy” from the twenty-seven analysts that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $1,203.40.

Several brokerages have issued reports on EQIX. Stifel Nicolaus raised their price objective on Equinix from $1,250.00 to $1,265.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. boosted their target price on Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Cantor Fitzgerald upped their target price on Equinix from $1,186.00 to $1,211.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Evercore restated an “outperform” rating and set a $1,270.00 price target on shares of Equinix in a research note on Tuesday. Finally, Guggenheim reiterated a “buy” rating and issued a $1,235.00 price objective on shares of Equinix in a research note on Wednesday, May 20th.

Insider Activity

In related news, insider Kurt Pletcher sold 135 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $1,075.50, for a total value of $145,192.50. Following the completion of the sale, the insider owned 4,077 shares in the company, valued at $4,384,813.50. This represents a 3.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 4,000 shares of the stock in a transaction on 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 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. Insiders have sold 7,986 shares of company stock valued at $8,370,777 in the last ninety days. 0.27% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Equinix

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Elevation Wealth Partners LLC raised its stake in Equinix by 166.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 24 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 15 shares during the last quarter. Avion Wealth grew its stake 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 purchasing an additional 11 shares during the last quarter. Physician Wealth Advisors Inc. grew its stake in shares of Equinix by 266.7% in the 1st 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 during the last quarter. Trust Co. of Vermont acquired a new position in shares of Equinix in the second quarter valued at approximately $34,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Equinix in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Stock Down 1.6%

Shares of NASDAQ:EQIX opened at $1,065.39 on Monday. The firm has a 50 day simple moving average of $1,052.66 and a 200-day simple moving average of $1,022.48. Equinix has a twelve month low of $720.62 and a twelve month high of $1,128.68. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $105.12 billion, a PE ratio of 68.60, a P/E/G ratio of 1.54 and a beta of 0.99.

Equinix (NASDAQ:EQIX) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $11.78 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 the consensus estimate of $2.59 billion. During the same period last year, the firm posted $9.91 EPS. The company’s 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, equities analysts predict that Equinix will post 38.23 EPS for the current fiscal year.

Equinix Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, August 19th. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. Equinix’s dividend payout ratio (DPR) is 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.