Triglav Investments D.O.O. decreased its holdings in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 38.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,058 shares of the financial services provider’s stock after selling 3,102 shares during the period. Triglav Investments D.O.O.’s holdings in Equinix were worth $3,875,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Ameriflex Group Inc. increased its stake in shares of Equinix by 433.3% in the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 26 shares during the last quarter. Princeton Global Asset Management LLC boosted its holdings in shares of Equinix by 200.0% during the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 28 shares in the last quarter. WPG Advisers LLC boosted its holdings in shares of Equinix by 51.7% during the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 15 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Equinix by 40.6% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 13 shares in the last quarter. Finally, Activest Wealth Management boosted its holdings in shares of Equinix by 81.5% during the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 22 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.
Insider Activity
In other Equinix news, Chairman Charles J. Meyers sold 5,224 shares of Equinix stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $1,085.23, for a total transaction of $5,669,241.52. Following the transaction, the chairman directly owned 7,370 shares of the company’s stock, valued at approximately $7,998,145.10. The trade was a 41.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adaire Fox-Martin sold 1,086 shares of Equinix stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $966.20, for a total value of $1,049,293.20. Following the transaction, the chief executive officer directly owned 19,574 shares in the company, valued at $18,912,398.80. The trade was a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 13,769 shares of company stock worth $14,191,079. 0.27% of the stock is owned by corporate insiders.
Equinix Stock Down 0.1%
Equinix (NASDAQ:EQIX – Get Free Report) last announced its earnings results 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 firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, analysts anticipate that Equinix, Inc. will post 37.72 EPS for the current year.
Equinix Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be issued a dividend of $5.16 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $20.64 annualized dividend and a yield of 1.9%. Equinix’s payout ratio is presently 142.84%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on EQIX. Cantor Fitzgerald raised their price objective on Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Raymond James Financial raised Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price objective on the stock in a report on Thursday, April 30th. Citigroup reissued an “outperform” rating on shares of Equinix in a report on Thursday, April 30th. TD Cowen raised their price objective on Equinix from $1,123.00 to $1,143.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Equinix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,143.60.
Get Our Latest Research Report on Equinix
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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