Curated Wealth Partners LLC Sells 119,278 Shares of Equinix, Inc. $EQIX

Curated Wealth Partners LLC lowered its holdings in Equinix, Inc. (NASDAQ:EQIX) by 98.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,472 shares of the financial services provider’s stock after selling 119,278 shares during the quarter. Curated Wealth Partners LLC’s holdings in Equinix were worth $1,489,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EQIX. Moore Capital Management LP increased its stake in shares of Equinix by 235.7% during the second quarter. Moore Capital Management LP now owns 7,675 shares of the financial services provider’s stock worth $8,000,000 after buying an additional 5,389 shares during the period. Legal & General Group Plc acquired a new stake in Equinix during the 2nd quarter worth $1,181,260,000. Bamco Inc. NY acquired a new stake in shares of Equinix during the second quarter worth about $203,930,000. Empowered Funds LLC acquired a new position in Equinix in the 2nd quarter valued at about $5,778,000. Finally, Corient Private Wealth LP raised its stake in shares of Equinix by 20.9% during the second quarter. Corient Private Wealth LP now owns 12,597 shares of the financial services provider’s stock worth $13,132,000 after purchasing an additional 2,181 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Equinix news, Director Christopher Paisley sold 125 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $1,103.58, for a total transaction of $137,947.50. Following the transaction, the director owned 13,734 shares of the company’s stock, valued at approximately $15,156,567.72. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Paladin sold 307 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $1,035.01, for a total value of $317,748.07. Following the sale, the insider directly owned 2,450 shares in the company, valued at approximately $2,535,774.50. The trade was a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,770 shares of company stock valued at $4,884,197 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Down 0.4%

Shares of EQIX stock traded down $3.71 during mid-day trading on Thursday, reaching $992.18. 226,622 shares of the company were exchanged, compared to its average volume of 583,982. The company has a market capitalization of $97.90 billion, a P/E ratio of 63.84, a P/E/G ratio of 1.46 and a beta of 0.98. Equinix, Inc. has a fifty-two week low of $720.62 and a fifty-two week high of $1,128.68. The business’s 50 day simple moving average is $1,040.70 and its 200 day simple moving average is $1,049.71. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.13 and a current ratio of 1.13.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $11.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the company posted $9.91 EPS. The business’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. Research analysts predict that Equinix, Inc. will post 38.23 earnings per share for the current year.

Equinix Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Evercore reiterated an “outperform” rating and set a $1,270.00 price target (up from $1,240.00) on shares of Equinix in a research report on Tuesday, August 18th. UBS Group upped their price objective on Equinix from $1,210.00 to $1,265.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. BMO Capital Markets raised their target price on shares of Equinix from $1,225.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Citigroup reaffirmed a “market outperform” rating on shares of Equinix in a research report on Tuesday, August 4th. Finally, BTIG Research upped their price target on shares of Equinix from $1,210.00 to $1,240.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Equinix presently has an average rating of “Moderate Buy” and an average target price of $1,206.55.

Equinix Profile

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.