Acumen Wealth Advisors LLC Buys 654 Shares of Equinix, Inc. $EQIX

Acumen Wealth Advisors LLC lifted its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 4,671.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 668 shares of the financial services provider’s stock after acquiring an additional 654 shares during the period. Acumen Wealth Advisors LLC’s holdings in Equinix were worth $655,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. SJS Investment Consulting Inc. increased its holdings in shares of Equinix by 27.3% during the first quarter. SJS Investment Consulting Inc. now owns 42 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 9 shares in the last quarter. Avion Wealth raised its holdings in Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock worth $25,000 after buying an additional 11 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Equinix by 1.3% in the first quarter. Blue Trust Inc. now owns 931 shares of the financial services provider’s stock valued at $912,000 after buying an additional 12 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of Equinix by 30.8% during the first quarter. Cornerstone Planning Group LLC now owns 51 shares of the financial services provider’s stock valued at $54,000 after buying an additional 12 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of Equinix by 2.7% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock valued at $382,000 after buying an additional 13 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Equinix

In other Equinix 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 transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction, the insider owned 6,132 shares of the company’s stock, valued at $6,600,239.52. This represents a 37.80% 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 11,115 shares of company stock valued at $12,022,574 in the last three months. 0.27% of the stock is owned by company insiders.

Equinix Stock Up 1.0%

Equinix stock opened at $1,027.88 on Wednesday. The firm has a 50 day moving average price of $1,058.24 and a 200-day moving average price of $981.90. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix, Inc. has a twelve month low of $720.62 and a twelve month high of $1,128.68. The company has a market capitalization of $101.37 billion, a P/E ratio of 71.13, a P/E/G ratio of 1.89 and a beta of 0.98.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating the consensus estimate of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the business earned $9.67 earnings per share. Equinix’s revenue for the quarter was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, equities analysts predict that Equinix, Inc. will post 38.25 EPS for the current year.

Equinix Dividend Announcement

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

Wall Street Analyst Weigh In

EQIX has been the topic of a number of recent research reports. Mizuho raised their target price on Equinix from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Evercore restated an “outperform” rating and set a $1,240.00 price target on shares of Equinix in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $1,207.00 price objective on shares of Equinix in a research note on Tuesday, May 5th. HSBC lifted their target price on shares of Equinix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Morgan Stanley upped their target price on Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a report on Monday, April 13th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Equinix has an average rating of “Moderate Buy” and a consensus price target of $1,153.79.

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.