Triglav Investments D.O.O. Reduces Position in Equinix, Inc. $EQIX

Triglav Investments D.O.O. trimmed its holdings in Equinix, Inc. (NASDAQ:EQIXFree Report) by 11.0% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,500 shares of the financial services provider’s stock after selling 558 shares during the quarter. Triglav Investments D.O.O.’s holdings in Equinix were worth $4,411,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of EQIX. Avion Wealth raised its holdings in shares of Equinix by 73.3% during the first quarter. Avion Wealth now owns 26 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 11 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Equinix by 266.7% in the first quarter. Physician Wealth Advisors Inc. now owns 33 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 24 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in Equinix in the 4th quarter worth approximately $30,000. Bogart Wealth LLC raised its stake in Equinix by 233.3% during the 1st quarter. Bogart Wealth LLC now owns 40 shares of the financial services provider’s stock valued at $39,000 after buying an additional 28 shares during the last quarter. Finally, Princeton Global Asset Management LLC raised its stake in 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 buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Equinix Price Performance

NASDAQ EQIX opened at $1,051.21 on Monday. Equinix, Inc. has a 52 week low of $720.62 and a 52 week high of $1,128.68. 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 company has a market capitalization of $103.67 billion, a P/E ratio of 72.75, a price-to-earnings-growth ratio of 1.95 and a beta of 0.98. The stock’s 50-day moving average price is $1,066.16 and its 200-day moving average price is $969.08.

Equinix (NASDAQ:EQIXGet Free Report) last released its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (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 analyst estimates of $2.52 billion. During the same period in the prior year, the firm posted $9.67 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. On average, equities research analysts predict that Equinix, Inc. will post 38.26 earnings per share for the current year.

Equinix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders 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 dividend payout ratio is presently 142.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley raised their price target on Equinix from $1,075.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Monday, April 13th. Truist Financial set a $1,215.00 target price on Equinix 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 target price on the stock in a research report on Thursday, April 30th. Wells Fargo & Company upped their price target on shares of Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and an average price target of $1,155.64.

Get Our Latest Stock Report on EQIX

Insiders Place Their Bets

In related news, Chairman Charles J. Meyers sold 5,224 shares of Equinix stock in a transaction that occurred on 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 sale, the chairman owned 7,370 shares of the company’s stock, valued at approximately $7,998,145.10. This trade represents a 41.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 3,726 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total value of $4,010,517.36. Following the completion of the transaction, the insider directly owned 6,132 shares in the company, valued at approximately $6,600,239.52. This represents a 37.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 11,115 shares of company stock worth $12,022,574. 0.27% of the stock is currently owned by corporate insiders.

About Equinix

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

Receive News & Ratings for Equinix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinix and related companies with MarketBeat.com's FREE daily email newsletter.