Acumen Wealth Advisors LLC Increases Stock Holdings in Equinix, Inc. $EQIX

Acumen Wealth Advisors LLC boosted its position in Equinix, Inc. (NASDAQ:EQIX) by 4,671.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 668 shares of the financial services provider’s stock after purchasing an additional 654 shares during the quarter. Acumen Wealth Advisors LLC’s holdings in Equinix were worth $655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 73 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Equinix by 11.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after buying an additional 54 shares during the last quarter. Empowered Funds LLC increased its stake in Equinix by 21.8% in the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after acquiring an additional 546 shares during the last quarter. Schnieders Capital Management LLC. purchased a new stake in Equinix during the second quarter valued at about $231,000. Finally, Brown Advisory Inc. increased its position in shares of Equinix by 2.8% during the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock valued at $854,000 after purchasing an additional 29 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Equinix

In other news, Chairman Charles J. Meyers sold 5,224 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $1,085.23, for a total value of $5,669,241.52. Following the sale, the chairman directly owned 7,370 shares of the company’s stock, valued at $7,998,145.10. This represents a 41.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brandi Galvin Morandi sold 3,726 shares of the stock in a transaction dated 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 completion of the transaction, the insider owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. The trade was a 37.80% 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 have sold 11,115 shares of company stock worth $12,022,574. Corporate insiders own 0.27% of the company’s stock.

Equinix Trading Up 1.0%

Shares of EQIX opened at $1,027.88 on Wednesday. Equinix, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68. The firm has a market capitalization of $101.37 billion, a price-to-earnings ratio of 71.13, a PEG ratio of 1.89 and a beta of 0.98. The firm’s 50-day moving average price is $1,058.24 and its 200-day moving average price is $981.90. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.39.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping the consensus estimate of $4.30 by $6.49. The business had revenue of $2.44 billion during 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 business posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Sell-side analysts anticipate that Equinix, Inc. will post 38.25 EPS for the current year.

Equinix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, May 20th. Equinix’s payout ratio is 142.84%.

Analyst Ratings Changes

Several analysts have issued reports on the company. BTIG Research assumed coverage on Equinix in a research note on Friday, July 10th. They issued a “buy” rating and a $1,210.00 target price for the company. Guggenheim reiterated a “buy” rating and issued a $1,235.00 target price on shares of Equinix in a research report on Wednesday, May 20th. Barclays boosted their price target on shares of Equinix from $1,109.00 to $1,130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 1st. Weiss Ratings raised Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. Finally, Mizuho lifted their price target on Equinix from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,153.79.

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.