One Wealth Capital Management LLC Purchases New Position in Equinix, Inc. $EQIX

One Wealth Capital Management LLC acquired a new position in Equinix, Inc. (NASDAQ:EQIX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 680 shares of the financial services provider’s stock, valued at approximately $688,000.

Other hedge funds also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. grew its position in Equinix by 27.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 9 shares during the period. Fulton Bank N.A. boosted its stake in shares of Equinix by 3.1% during the 2nd quarter. Fulton Bank N.A. now owns 328 shares of the financial services provider’s stock worth $342,000 after acquiring an additional 10 shares during the last quarter. Avion Wealth grew its position in shares of Equinix by 73.3% during the 1st quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 11 shares during the period. High Net Worth Advisory Group LLC grew its position in shares of Equinix by 5.3% during the 2nd quarter. High Net Worth Advisory Group LLC now owns 219 shares of the financial services provider’s stock valued at $229,000 after acquiring an additional 11 shares during the period. Finally, Angeles Wealth Management LLC increased its stake in shares of Equinix by 3.7% in the 2nd quarter. Angeles Wealth Management LLC now owns 310 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 11 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EQIX has been the topic of a number of recent research reports. BTIG Research raised their target price on Equinix from $1,210.00 to $1,240.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. BMO Capital Markets boosted their price target on Equinix from $1,225.00 to $1,250.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. boosted their price target on Equinix from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Stifel Nicolaus upped their price target on Equinix from $1,250.00 to $1,265.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $1,270.00 price objective (up from $1,207.00) on shares of Equinix in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,215.68.

Insiders Place Their Bets

In other Equinix news, insider Michael Paladin sold 307 shares of the stock in a transaction 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 completion of the sale, the insider owned 2,450 shares in the company, valued at approximately $2,535,774.50. This represents a 11.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $145,192.50. Following the sale, the insider directly owned 4,077 shares in the company, valued at approximately $4,384,813.50. This represents a 3.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 4,770 shares of company stock worth $4,884,197. Corporate insiders own 0.27% of the company’s stock.

Equinix Stock Performance

EQIX opened at $955.03 on Friday. The company has a 50 day simple moving average of $1,029.34 and a two-hundred day simple moving average of $1,048.97. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $94.23 billion, a P/E ratio of 61.50, a PEG ratio of 1.36 and a beta of 0.98. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $11.78 EPS 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 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 earned $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. Equities analysts forecast that Equinix, Inc. will post 38.23 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were issued a $5.16 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $20.64 annualized dividend and a yield of 2.2%. Equinix’s dividend payout ratio is currently 132.90%.

Equinix Profile

Equinix, Inc is a global digital infrastructure company that operates data centers where businesses, cloud providers, telecommunications carriers and other organizations can securely house and connect their information technology systems. Its International Business Exchange (IBX) data centers provide colocation services, allowing customers to place equipment in highly connected facilities without building and operating their own sites.

The company also provides interconnection and networking services, including Equinix Fabric, which enables customers to establish virtual connections among data centers, cloud platforms, networks and business partners.