Equinix, Inc. $EQIX Stock Position Lifted by Rathbones Group PLC

Rathbones Group PLC lifted its holdings in Equinix, Inc. (NASDAQ:EQIX) by 1.4% in the 4th quarter, HoldingsChannel reports. The firm owned 222,037 shares of the financial services provider’s stock after purchasing an additional 3,081 shares during the quarter. Rathbones Group PLC’s holdings in Equinix were worth $170,116,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Equinix by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 13,398,906 shares of the financial services provider’s stock worth $10,265,706,000 after purchasing an additional 107,227 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Equinix by 25.8% in 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 in the last quarter. Principal Financial Group Inc. grew its stake in shares of Equinix by 3.0% in the third quarter. Principal Financial Group Inc. now owns 1,969,498 shares of the financial services provider’s stock worth $1,542,595,000 after purchasing an additional 56,592 shares in the last quarter. APG Asset Management US Inc. grew its stake in shares of Equinix by 0.4% in the third quarter. APG Asset Management US Inc. now owns 1,211,357 shares of the financial services provider’s stock worth $937,530,000 after purchasing an additional 5,109 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 worth $929,312,000 after purchasing an additional 953,001 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Equinix

In other news, Director Christopher B. Paisley sold 125 shares of the company’s stock in a transaction on Monday, May 18th. The stock was 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 $18,615,511.53. This represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Adaire Fox-Martin sold 1,086 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $966.20, for a total value of $1,049,293.20. Following the sale, the chief executive officer directly owned 19,574 shares of the company’s stock, valued at approximately $18,912,398.80. This represents a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,729 shares of company stock valued at $11,980,800 over the last 90 days. 0.27% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on EQIX shares. Wells Fargo & Company increased their price target on Equinix from $975.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. raised their target price on Equinix from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Oppenheimer reaffirmed an “outperform” rating and set a $1,200.00 target price on shares of Equinix in a research note on Thursday, April 30th. Morgan Stanley raised their target price on Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Monday, April 13th. Finally, Sanford C. Bernstein started coverage on Equinix in a research note on Thursday, March 5th. They set an “outperform” rating and a $1,128.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,143.60.

Equinix Trading Up 1.6%

Shares of EQIX stock opened at $1,065.06 on Thursday. The stock has a 50-day simple moving average of $1,033.25 and a 200 day simple moving average of $892.67. 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 capitalization of $105.04 billion, a P/E ratio of 73.71, a P/E/G ratio of 1.97 and a beta of 1.01. 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 announced its earnings results on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share 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 business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the business posted $9.67 earnings per share. The company’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. On average, sell-side analysts expect that Equinix, Inc. will post 37.72 earnings per share for the current fiscal year.

Equinix Dividend Announcement

The business also recently announced 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. 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 dividend payout ratio is currently 142.84%.

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.