Aptus Capital Advisors LLC Grows Position in Equinix, Inc. $EQIX

Aptus Capital Advisors LLC raised its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 1,114.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,770 shares of the financial services provider’s stock after acquiring an additional 9,883 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Equinix were worth $8,252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EQIX. Brighton Jones LLC increased its position in shares of Equinix by 28.9% during the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after buying an additional 73 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Equinix by 11.5% in the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 54 shares during the last quarter. Empowered Funds LLC increased its position in shares of Equinix by 21.8% in the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after purchasing an additional 546 shares during the last quarter. Schnieders Capital Management LLC. bought a new position in shares of Equinix in the second quarter worth approximately $231,000. Finally, Brown Advisory Inc. increased its position in shares of Equinix by 2.8% in the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock worth $854,000 after purchasing an additional 29 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Brandi Galvin Morandi sold 3,726 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the sale, the insider owned 6,132 shares of the company’s stock, valued at $6,600,239.52. This trade represents a 37.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total value of $132,536.25. Following the completion of the sale, the director directly owned 17,557 shares of the company’s stock, valued at $18,615,511.53. The trade was a 0.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 11,539 shares of company stock worth $12,455,054. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Evercore restated an “outperform” rating and issued a $1,240.00 price objective on shares of Equinix in a research report on Tuesday, April 28th. Oppenheimer restated an “outperform” rating and issued a $1,200.00 price objective on shares of Equinix in a research report on Thursday, April 30th. The Goldman Sachs Group upped their price objective on shares of Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Guggenheim restated a “buy” rating and issued a $1,235.00 price objective on shares of Equinix in a research report on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Equinix from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,143.60.

Equinix Stock Performance

NASDAQ:EQIX opened at $1,055.85 on Monday. The firm has a market cap of $104.13 billion, a PE ratio of 73.07, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99. Equinix, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. The business has a 50 day moving average price of $1,066.23 and a 200-day moving average price of $924.74.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts predict that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th will be paid a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $20.64 dividend on an annualized basis and a yield of 2.0%. Equinix’s dividend payout ratio (DPR) is presently 142.84%.

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.