IFM Investors Pty Ltd increased its holdings in Equinix, Inc. (NASDAQ:EQIX – Free Report) by 2.3% in the 1st quarter, Holdings Channel reports. The fund owned 39,066 shares of the financial services provider’s stock after purchasing an additional 868 shares during the period. IFM Investors Pty Ltd’s holdings in Equinix were worth $38,294,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of EQIX. Brighton Jones LLC increased its holdings in shares of Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 73 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Equinix by 11.5% during the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 54 shares during the period. Empowered Funds LLC grew its position in Equinix by 21.8% during the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock valued at $2,487,000 after purchasing an additional 546 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in Equinix in the 2nd quarter valued at approximately $231,000. Finally, Brown Advisory Inc. lifted its position in Equinix by 2.8% in the 2nd quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock worth $854,000 after buying an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.
Wall Street Analysts Forecast Growth
EQIX has been the topic of several research analyst reports. Evercore restated an “outperform” rating and set a $1,240.00 price target on shares of Equinix in a report on Tuesday, April 28th. JPMorgan Chase & Co. increased their price objective on Equinix from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Raymond James Financial raised Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price objective for the company in a research report on Thursday, April 30th. Zacks Research lowered Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, TD Cowen raised their price target on Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,152.50.
Insider Buying and Selling
In other news, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $1,076.36, for a total value 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 trade represents a 37.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the sale, the director directly owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. This represents a 0.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 valued at $12,455,054 in the last quarter. Company insiders own 0.27% of the company’s stock.
Equinix Stock Down 3.9%
Equinix stock opened at $1,042.39 on Wednesday. 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, Inc. has a 1-year low of $720.62 and a 1-year high of $1,128.68. The firm’s fifty day simple moving average is $1,078.93 and its 200-day simple moving average is $954.23. The company has a market capitalization of $102.80 billion, a P/E ratio of 72.14, a P/E/G ratio of 2.01 and a beta of 0.99.
Equinix (NASDAQ:EQIX – Get Free Report) last posted 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 firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the business posted $9.67 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Sell-side analysts forecast that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.
Equinix Dividend Announcement
The business 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 dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Equinix’s dividend payout ratio (DPR) is presently 142.84%.
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.
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