Equinix, Inc. $EQIX Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lessened its stake in Equinix, Inc. (NASDAQ:EQIX) by 30.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 505,719 shares of the financial services provider’s stock after selling 222,452 shares during the period. Clearbridge Investments LLC’s holdings in Equinix were worth $387,462,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. increased 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 valued at $25,000 after purchasing an additional 26 shares during the last quarter. Princeton Global Asset Management LLC increased its holdings in Equinix by 200.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 42 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 28 shares during the last quarter. WPG Advisers LLC increased its holdings in Equinix by 51.7% in the 4th quarter. WPG Advisers LLC now owns 44 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 15 shares during the last quarter. Activest Wealth Management increased its holdings in Equinix by 81.5% in the 4th quarter. Activest Wealth Management now owns 49 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 22 shares during the last quarter. Finally, Aventura Private Wealth LLC acquired a new position in shares of Equinix in the fourth quarter worth $45,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on EQIX shares. Guggenheim restated a “buy” rating and issued a $1,235.00 price target on shares of Equinix in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,207.00 price target on shares of Equinix in a research note on Tuesday, May 5th. UBS Group boosted their price target on shares of Equinix from $950.00 to $1,010.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Evercore restated an “outperform” rating and issued a $1,240.00 price target on shares of Equinix in a research note on Tuesday, April 28th. Finally, Barclays boosted their price target on shares of Equinix from $1,020.00 to $1,109.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,143.60.

Insider Buying and Selling at Equinix

In other news, CEO Adaire Fox-Martin sold 1,086 shares of Equinix stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $966.20, for a total transaction of $1,049,293.20. Following the completion of the sale, the chief executive officer directly owned 19,574 shares of the company’s stock, valued at approximately $18,912,398.80. The trade was a 5.26% decrease in their position. 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 5,224 shares of Equinix stock in a transaction 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 directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 11,053 shares of company stock worth $11,569,731. 0.27% of the stock is currently owned by company insiders.

Equinix Stock Performance

NASDAQ:EQIX opened at $1,080.95 on Friday. The company has a market cap of $106.60 billion, a price-to-earnings ratio of 74.81, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. The company has a fifty day simple moving average of $1,058.36 and a two-hundred day simple moving average of $913.59. Equinix, Inc. has a 52 week low of $710.52 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.

Equinix (NASDAQ:EQIX) last released its quarterly earnings data 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 business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $9.67 EPS. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, equities analysts anticipate that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be given a dividend of $5.16 per share. This represents a $20.64 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, May 20th. Equinix’s payout ratio is 142.84%.

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.