Stevens Capital Management LP Reduces Position in Equinix, Inc. $EQIX

Stevens Capital Management LP lessened its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 39.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,621 shares of the financial services provider’s stock after selling 2,379 shares during the quarter. Equinix comprises approximately 1.0% of Stevens Capital Management LP’s portfolio, making the stock its 26th biggest holding. Stevens Capital Management LP’s holdings in Equinix were worth $2,774,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ameriflex Group Inc. boosted its holdings in Equinix by 433.3% in the 3rd quarter. Ameriflex Group Inc. now owns 32 shares of the financial services provider’s stock worth $25,000 after buying an additional 26 shares during the period. Princeton Global Asset Management LLC raised its holdings 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 acquiring an additional 28 shares during the period. WPG Advisers LLC raised its holdings in 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 during the period. Cornerstone Planning Group LLC lifted its position in shares of Equinix by 40.6% during the third quarter. Cornerstone Planning Group LLC now owns 45 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 13 shares in the last quarter. Finally, Activest Wealth Management lifted its position in shares of Equinix by 81.5% during the fourth quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 22 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Activity at Equinix

In related news, EVP Raouf Abdel sold 584 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $965.69, for a total value of $563,962.96. Following the transaction, the executive vice president directly owned 7,768 shares in the company, valued at approximately $7,501,479.92. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Charles J. Meyers sold 2,716 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $965.15, for a total transaction of $2,621,347.40. Following the completion of the sale, the chairman directly owned 12,594 shares in the company, valued at $12,155,099.10. This represents a 17.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 6,380 shares of company stock valued at $6,179,022 in the last ninety days. Insiders own 0.27% of the company’s stock.

Equinix Trading Down 0.4%

Equinix stock opened at $1,078.46 on Wednesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.18 and a current ratio of 1.18. Equinix, Inc. has a fifty-two week low of $710.52 and a fifty-two week high of $1,128.68. The stock has a market cap of $106.36 billion, a P/E ratio of 74.63, a PEG ratio of 2.08 and a beta of 1.01. The firm’s fifty day moving average price is $1,007.95 and its 200-day moving average price is $873.50.

Equinix (NASDAQ:EQIX) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the company earned $9.67 earnings per share. The firm’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. Equities research analysts forecast that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders 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 dividend yield of 1.9%. Equinix’s payout ratio is presently 142.84%.

Wall Street Analyst Weigh In

EQIX has been the subject of several recent research reports. Morgan Stanley lifted their price target on Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, April 13th. The Goldman Sachs Group raised their target price on Equinix from $894.00 to $1,015.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Cantor Fitzgerald lifted their target price on Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Guggenheim upped their price target on Equinix from $985.00 to $1,235.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Finally, TD Cowen increased their price target on shares of Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,131.60.

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.