Cohen & Steers Inc. lifted its stake in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 23.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,609,011 shares of the financial services provider’s stock after buying an additional 493,141 shares during the period. Equinix makes up approximately 3.6% of Cohen & Steers Inc.’s portfolio, making the stock its 7th biggest holding. Cohen & Steers Inc.’s holdings in Equinix were worth $1,998,978,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently modified their holdings of the company. IFP Advisors Inc boosted its stake in Equinix by 2.2% during the 4th quarter. IFP Advisors Inc now owns 595 shares of the financial services provider’s stock worth $456,000 after purchasing an additional 13 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in Equinix by 2.7% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 498 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 13 shares during the period. Crestwood Advisors Group LLC boosted its stake in Equinix by 3.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 397 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 14 shares during the period. Brooklyn Investment Group boosted its stake in Equinix by 1.3% during the 3rd quarter. Brooklyn Investment Group now owns 1,209 shares of the financial services provider’s stock worth $947,000 after purchasing an additional 15 shares during the period. Finally, Warwick Investment Management Inc. boosted its stake in Equinix by 1.7% during the 4th quarter. Warwick Investment Management Inc. now owns 922 shares of the financial services provider’s stock worth $706,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.
Insider Activity
In other news, Chairman Charles J. Meyers sold 5,224 shares of the firm’s stock in a transaction on 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 completion of the sale, the chairman owned 7,370 shares in the company, valued at approximately $7,998,145.10. This trade represents a 41.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brandi Galvin Morandi sold 3,726 shares of the firm’s 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 completion of the sale, the insider owned 6,132 shares of the company’s stock, valued at $6,600,239.52. This trade represents a 37.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,539 shares of company stock worth $12,455,054 over the last quarter. Insiders own 0.27% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Analysis on EQIX
Equinix Stock Up 1.2%
EQIX stock opened at $1,055.85 on Friday. Equinix, Inc. has a one year low of $710.52 and a one year high of $1,128.68. The stock has a market capitalization of $104.13 billion, a PE ratio of 73.07, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. The company has a fifty day moving average of $1,066.23 and a 200-day moving average of $923.59.
Equinix (NASDAQ:EQIX – Get Free Report) last released 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. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the business earned $9.67 EPS. The business’s revenue 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, analysts expect that Equinix, Inc. will post 37.72 EPS for the current year.
Equinix Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be paid a $5.16 dividend. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is 142.84%.
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.
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