Sanctuary Advisors LLC Cuts Stock Holdings in Equinix, Inc. $EQIX

Sanctuary Advisors LLC trimmed its holdings in shares of Equinix, Inc. (NASDAQ:EQIXFree Report) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,973 shares of the financial services provider’s stock after selling 478 shares during the period. Sanctuary Advisors LLC’s holdings in Equinix were worth $6,875,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EQIX. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Equinix by 1.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 544,462 shares of the financial services provider’s stock worth $426,444,000 after purchasing an additional 7,409 shares during the period. Douglas Lane & Associates LLC boosted its holdings in shares of Equinix by 3.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 112,030 shares of the financial services provider’s stock worth $85,833,000 after purchasing an additional 4,241 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Equinix by 25.8% during the third quarter. JPMorgan Chase & Co. now owns 2,875,355 shares of the financial services provider’s stock worth $2,252,094,000 after purchasing an additional 588,967 shares during the period. Chilton Capital Management LLC boosted its holdings in shares of Equinix by 5.1% during the third quarter. Chilton Capital Management LLC now owns 36,908 shares of the financial services provider’s stock worth $28,908,000 after purchasing an additional 1,805 shares during the period. Finally, Foresight Group Ltd Liability Partnership boosted its holdings in shares of Equinix by 10.0% during the third quarter. Foresight Group Ltd Liability Partnership now owns 26,139 shares of the financial services provider’s stock worth $20,425,000 after purchasing an additional 2,378 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

More Equinix News

Here are the key news stories impacting Equinix this week:

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EQIX. Cantor Fitzgerald began coverage on shares of Equinix in a research note on Thursday, April 9th. They issued an “overweight” rating and a $1,173.00 price target for the company. Citigroup raised their target price on shares of Equinix from $1,070.00 to $1,200.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. TD Cowen reaffirmed a “buy” rating on shares of Equinix in a research note on Thursday, February 12th. UBS Group raised their target price on shares of Equinix from $950.00 to $1,010.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Jefferies Financial Group raised their price target on shares of Equinix from $950.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Four 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,082.75.

View Our Latest Report on EQIX

Insider Buying and Selling

In related news, Chairman Charles J. Meyers sold 305 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $961.19, for a total value of $293,162.95. Following the sale, the chairman owned 12,594 shares in the company, valued at approximately $12,105,226.86. This trade represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brandi Galvin Morandi sold 424 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $1,020.00, for a total transaction of $432,480.00. Following the completion of the sale, the insider owned 9,970 shares in the company, valued at $10,169,400. This represents a 4.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,380 shares of company stock valued at $6,179,022 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Equinix Price Performance

Shares of EQIX opened at $1,089.07 on Thursday. Equinix, Inc. has a twelve month low of $710.52 and a twelve month high of $1,128.68. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.40. The firm has a 50 day moving average of $1,001.65 and a 200 day moving average of $869.38. The company has a market capitalization of $107.40 billion, a P/E ratio of 79.21, a price-to-earnings-growth ratio of 2.78 and a beta of 1.01.

Equinix (NASDAQ:EQIXGet Free Report) last issued 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 $4.37 by $6.42. Equinix had a net margin of 14.65% and a return on equity of 9.60%. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter last year, the company posted $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. As a group, equities research analysts anticipate that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th were issued a $5.16 dividend. This is an increase from Equinix’s previous quarterly dividend of $4.69. This represents a $20.64 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, February 25th. Equinix’s dividend payout ratio is 150.11%.

Equinix Company Profile

(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

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Institutional Ownership by Quarter for Equinix (NASDAQ:EQIX)

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