HB Wealth Management LLC Grows Stock Holdings in Equinix, Inc. $EQIX

HB Wealth Management LLC lifted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 38.6% during the first quarter, Holdings Channel reports. The fund owned 2,888 shares of the financial services provider’s stock after buying an additional 805 shares during the quarter. HB Wealth Management LLC’s holdings in Equinix were worth $2,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Equinix by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock valued at $10,265,706,000 after purchasing an additional 107,227 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of Equinix by 23.3% during the 4th quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock valued at $1,998,978,000 after buying an additional 493,141 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Equinix by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 2,567,830 shares of the financial services provider’s stock valued at $1,959,731,000 after buying an additional 25,383 shares during the period. Northern Trust Corp lifted its holdings in shares of Equinix by 0.6% in the 4th quarter. Northern Trust Corp now owns 1,500,506 shares of the financial services provider’s stock valued at $1,149,628,000 after buying an additional 9,614 shares during the period. Finally, Norges Bank purchased a new stake in shares of Equinix in the fourth quarter worth about $984,355,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the transaction, the insider owned 6,132 shares in the company, valued at $6,600,239.52. The trade was a 37.80% decrease in their position. The transaction was disclosed in a legal 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, Director Christopher B. Paisley sold 125 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the transaction, the director directly owned 17,557 shares in the company, valued at approximately $18,615,511.53. The trade was a 0.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,539 shares of company stock valued at $12,455,054 over the last 90 days. Insiders own 0.27% of the company’s stock.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $1,002.02 on Monday. The firm has a market cap of $98.82 billion, a PE ratio of 69.34, a PEG ratio of 1.86 and a beta of 0.98. The firm has a fifty day moving average of $1,073.27 and a 200 day moving average of $959.52. 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 one year low of $720.62 and a one year high of $1,128.68.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. Equinix’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, research analysts predict that Equinix, Inc. will post 38.26 EPS for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th were issued a $5.16 dividend. This represents a $20.64 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, May 20th. Equinix’s dividend payout ratio is presently 142.84%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EQIX shares. Citigroup lifted their price target on Equinix from $1,240.00 to $1,260.00 and gave the company a “buy” rating in a research report on Monday, June 29th. HSBC upped their price objective on Equinix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Weiss Ratings lowered shares of Equinix from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Truist Financial set a $1,215.00 target price on shares of Equinix in a research note on Friday, May 1st. Finally, Mizuho increased their price target on shares of Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,153.38.

Equinix 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.