Sanford C. Bernstein started coverage on shares of Equinix (NASDAQ:EQIX – Free Report) in a research report released on Thursday morning, Marketbeat reports. The brokerage issued an outperform rating and a $1,128.00 target price on the financial services provider’s stock.
EQIX has been the topic of several other reports. Wells Fargo & Company boosted their target price on Equinix from $925.00 to $975.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Wall Street Zen cut shares of Equinix from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Truist Financial upped their price objective on shares of Equinix from $973.00 to $1,087.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Jefferies Financial Group raised their target price on shares of Equinix from $950.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, Barclays reaffirmed a “positive” rating and set a $870.00 target price on shares of Equinix in a research note on Tuesday, January 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,006.91.
Equinix Stock Down 1.7%
Equinix (NASDAQ:EQIX – Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $8.91 EPS for the quarter, missing analysts’ consensus estimates of $9.07 by ($0.16). Equinix had a net margin of 14.65% and a return on equity of 9.60%. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the company earned $7.92 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Sell-side analysts forecast that Equinix will post 33.1 earnings per share for the current year.
Equinix Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be paid a $5.16 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This is a positive change from Equinix’s previous quarterly dividend of $4.69. This represents a $20.64 annualized dividend and a yield of 2.2%. Equinix’s payout ratio is currently 150.11%.
Insiders Place Their Bets
In other news, insider Brandi Galvin Morandi sold 1,333 shares of the company’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $804.25, for a total value of $1,072,065.25. Following the sale, the insider directly owned 9,551 shares of the company’s stock, valued at $7,681,391.75. This represents a 12.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Raouf Abdel sold 927 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $801.78, for a total transaction of $743,250.06. Following the completion of the transaction, the executive vice president owned 7,337 shares of the company’s stock, valued at approximately $5,882,659.86. The trade was a 11.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 13,602 shares of company stock valued at $11,369,645 in the last 90 days. Corporate insiders own 0.27% of the company’s stock.
Institutional Investors Weigh In On Equinix
Hedge funds have recently bought and sold shares of the business. Ameriflex Group Inc. grew its stake in shares of Equinix by 433.3% in the third quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 26 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in Equinix in the 2nd quarter worth about $26,000. Abound Wealth Management boosted its stake in Equinix by 209.1% in the 3rd quarter. Abound Wealth Management now owns 34 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 23 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Equinix during the 2nd quarter valued at about $28,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Equinix during the 4th quarter valued at about $30,000. Institutional investors own 94.94% of the company’s stock.
Key Equinix News
Here are the key news stories impacting Equinix this week:
- Positive Sentiment: Sanford C. Bernstein initiated/covered EQIX and set a high price target (strong‑buy / outperform), signaling material upside potential and boosting investor confidence. Bernstein Coverage
- Positive Sentiment: Moody’s upgraded Equinix’s senior unsecured rating to Baa1 with a stable outlook — this improves perceived credit quality and lowers refinancing/credit risk. Moody’s Upgrade
- Neutral Sentiment: Equinix closed an offering of $1.5B of senior notes (2031 & 2033 maturities at ~4.40%–4.70%), which secures funding for growth/refinancing but increases long‑term debt load. Investors will weigh use of proceeds vs. added leverage. Senior Notes Close
- Neutral Sentiment: Some outlets reported the note issuance and company filings (additional coverage via TipRanks/FinanzNachrichten), reinforcing the financing story but adding little new information. TipRanks on Notes
- Neutral Sentiment: Reported short‑interest data appears anomalous (shows 0 shares / NaN change); treat that data with caution — no clear shorting pressure signal. Zacks Note on Price Move
- Negative Sentiment: Insider selling: Chairman Charles Meyers sold ~2,716 shares and several execs reportedly sold stock recently. Executive share sales can spook investors even if pre‑planned. Insider Filing
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.
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