Equinix, Inc. $EQIX Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of Equinix, Inc. (NASDAQ:EQIX) by 11.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,732 shares of the financial services provider’s stock after buying an additional 27,529 shares during the quarter. Sei Investments Co.’s holdings in Equinix were worth $256,559,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Equinix by 28.9% during the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 73 shares during the period. Integrated Wealth Concepts LLC raised its position in Equinix by 11.5% in the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 54 shares during the period. Empowered Funds LLC raised its position in Equinix by 21.8% in 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 during the period. Schnieders Capital Management LLC. acquired a new position in shares of Equinix during the second quarter worth about $231,000. Finally, Brown Advisory Inc. boosted its position in shares of Equinix by 2.8% in the second 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 during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Up 0.1%

NASDAQ:EQIX opened at $1,028.74 on Thursday. 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 one year low of $720.62 and a one year high of $1,128.68. The business’s 50-day simple moving average is $1,057.27 and its 200 day simple moving average is $983.75. The stock has a market cap of $101.45 billion, a price-to-earnings ratio of 71.19, a price-to-earnings-growth ratio of 1.91 and a beta of 0.98.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, beating analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the business posted $9.67 earnings per share. Equinix’s revenue for the quarter was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, sell-side analysts predict that Equinix, Inc. will post 38.25 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th were paid a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, May 20th. Equinix’s dividend payout ratio is 142.84%.

Insiders Place Their Bets

In other news, Director Christopher B. Paisley sold 125 shares of the firm’s stock in a transaction that occurred on 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 owned 17,557 shares of the company’s stock, valued at approximately $18,615,511.53. This trade represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brandi Galvin Morandi sold 3,726 shares of Equinix stock in a transaction on Monday, June 8th. The stock was sold at an average price of $1,076.36, for a total transaction of $4,010,517.36. Following the completion of the sale, the insider owned 6,132 shares of the company’s stock, valued at approximately $6,600,239.52. This trade represents a 37.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 11,115 shares of company stock valued at $12,022,574. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company raised their target price on Equinix from $975.00 to $1,200.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. HSBC increased their price objective on shares of Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, April 27th. BTIG Research started coverage on shares of Equinix in a research note on Friday, July 10th. They set a “buy” rating and a $1,210.00 price objective on the stock. TD Cowen boosted their target price on shares of Equinix from $1,123.00 to $1,143.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Cantor Fitzgerald upped their target price on shares of Equinix from $1,173.00 to $1,186.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Equinix has an average rating of “Moderate Buy” and an average price target of $1,153.79.

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.