Smithbridge Asset Management Inc. DE lessened its holdings in shares of Equinix, Inc. (NASDAQ:EQIX – Free Report) by 53.5% in the first quarter, Holdings Channel.com reports. The fund owned 534 shares of the financial services provider’s stock after selling 614 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in Equinix were worth $523,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Equinix in the 4th quarter worth about $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Equinix by 408.1% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,186,497 shares of the financial services provider’s stock worth $929,312,000 after buying an additional 953,001 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Equinix by 377,167.4% in the fourth quarter. SG Americas Securities LLC now owns 716,808 shares of the financial services provider’s stock worth $549,190,000 after buying an additional 716,618 shares during the period. Cohen & Steers Inc. lifted its holdings in Equinix by 23.3% in the fourth quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock worth $1,998,978,000 after buying an additional 493,141 shares during the period. Finally, Deutsche Bank AG boosted its position in Equinix by 30.0% during the 4th quarter. Deutsche Bank AG now owns 1,094,808 shares of the financial services provider’s stock valued at $838,798,000 after acquiring an additional 252,964 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.
Insider Buying and Selling
In other Equinix news, Director Christopher B. Paisley sold 125 shares of Equinix stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total value of $132,536.25. Following the completion of the transaction, the director directly owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. The trade was a 0.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of the company’s stock in a transaction that occurred 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 transaction, the chairman directly owned 7,370 shares in the company, valued at $7,998,145.10. This trade represents a 41.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,539 shares of company stock valued at $12,455,054 over the last ninety days. Insiders own 0.27% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on EQIX
Equinix Stock Performance
Shares of EQIX opened at $1,002.02 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. The business’s 50 day moving average price is $1,075.27 and its 200-day moving average price is $957.83. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. The stock has a market cap of $98.82 billion, a P/E ratio of 69.34, a P/E/G ratio of 1.88 and a beta of 0.98.
Equinix (NASDAQ:EQIX – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts anticipate that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.
Equinix Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were issued a dividend of $5.16 per share. The ex-dividend date was Wednesday, May 20th. This represents a $20.64 annualized dividend and a dividend yield of 2.1%. Equinix’s dividend payout ratio (DPR) is presently 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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