Equinix, Inc. $EQIX Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp reduced its stake in shares of Equinix, Inc. (NASDAQ:EQIX) by 2.2% during the first quarter, Holdings Channel.com reports. The firm owned 29,724 shares of the financial services provider’s stock after selling 665 shares during the period. Heritage Investors Management Corp’s holdings in Equinix were worth $29,137,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of Equinix during the 4th quarter worth about $984,355,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of 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 valued at $929,312,000 after acquiring an additional 953,001 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of 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 valued at $549,190,000 after acquiring an additional 716,618 shares in the last quarter. Cohen & Steers Inc. increased its stake in shares of Equinix by 23.3% during the fourth quarter. Cohen & Steers Inc. now owns 2,609,011 shares of the financial services provider’s stock valued at $1,998,978,000 after acquiring an additional 493,141 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Equinix by 30.0% during the fourth 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 during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Buying and Selling

In other Equinix news, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $1,060.29, for a total transaction of $132,536.25. Following the completion of 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Charles J. Meyers sold 5,224 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chairman owned 7,370 shares of the company’s stock, valued at approximately $7,998,145.10. The trade was a 41.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 11,539 shares of company stock valued at $12,455,054 over the last ninety days. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Down 1.1%

EQIX stock opened at $1,002.02 on Friday. The firm has a market cap of $98.82 billion, a PE ratio of 69.34, a P/E/G ratio of 1.88 and a beta of 0.98. Equinix, Inc. has a 12 month low of $720.62 and a 12 month high of $1,128.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a 50 day simple moving average of $1,075.27 and a 200 day simple moving average of $957.83.

Equinix (NASDAQ:EQIX) last posted its quarterly 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. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.67 earnings per share. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. Equities research analysts forecast that Equinix, Inc. will post 38.26 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 20th were issued a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, May 20th. Equinix’s payout ratio is presently 142.84%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EQIX. Zacks Research downgraded Equinix from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Citigroup lifted their price target on Equinix from $1,240.00 to $1,260.00 and gave the company a “buy” rating in a research report on Monday. Wall Street Zen upgraded Equinix from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. The Goldman Sachs Group raised their target price on Equinix from $894.00 to $1,015.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $1,200.00 target price on shares of Equinix in a report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,153.38.

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.